RATE Group | Canada’s First Bitcoin Fund Now Available on NEO Connect
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Canada’s First Bitcoin Fund Now Available on NEO Connect

10 Sep Canada’s First Bitcoin Fund Now Available on NEO Connect

Posted at 11:39h in Bitcoin News by

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TORONTO — NEO Connect is pleased to announce that the First Block Capital Bitcoin Trust (“FBC Bitcoin Trust”) is now available on its fund distribution platform. As the first investment product of its kind in Canada and the only open-ended Bitcoin fund approved by the Canadian regulators, the FBC Bitcoin Trust enables accredited investors to get exposure to Bitcoin. The FBC Bitcoin Trust, which is eligible for accredited investors only, now allows unit holders to put units in a self-directed registered account such as an RRSP or TFSA.

The FBC Bitcoin Trust is available on NEO Connect under the symbol FBCBT. NEO Connect distributes 46 funds from three asset managers across 15 dealer networks, with close to $600 million in total assets serviced. It is Canada’s first and only fund distribution platform that allows prospectus and private/offering memorandum (OM) funds to be purchased and redeemed the same ways as buying and selling ETFs.

“At First Block, we provide…

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