RATE Group | Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund
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Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund

29 Nov Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund

Posted at 15:50h in Bitcoin News by

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Canadian investment fund manager 3iQ hopes to attract Canadian retail investors with its regulated, publicly-traded Bitcoin (BTC) fund. 

In a press release on Nov. 28, 3iQ announced that it had filed a preliminary prospectus for its close-end Bitcoin fund, which is expected to be available on the Toronto Stock Exchange later this year. 3iQ chief executive Fred Pye told Cointelegraph:

“We expect to list on the Toronto Stock Exchange in late December or early January. As a part of our next steps, we’re hoping to get Canada’s big banks on board. We’re hoping that two or three of Canada’s biggest banks, specifically ones that want to lead in fintech space, will join the syndicate group.”

The Toronto-based company revealed that 3iQ filed the prospectus for the Bitcoin fund in relation to an initial public offering of Class A and Class F units at $10 each. 

Pye, who previously worked as senior VP at Fidelity Investments Canada, added that retail investors have been showing a…

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