Canadian Investment firm moves closer to launching bitcoin fund

(Kitco News) – Cryptocurrencies are taking another step into the mainstream as one Canadian company continues to move forward with its plans to list a bitcoin fund on a major stock exchange.

Canadian investment fund manager, 3iQ Corp, announced at the end of October that it received a favorable ruling from its public hearing before the Ontario Securities Commission (OSC).

“The OSC panel has directed the OSC Director to issue a receipt for a final prospectus of the Fund, a closed-end bitcoin fund that is expected to be listed for trading on a major Canadian stock exchange,” the company said in a press release.

The company said that it has been actively working with the OSC for the last three years to develop its cryptocurrency investment product.

“We have addressed the questions of pricing, custody, audit, and public interest issues in a regulated investment fund. We intend to refile the prospectus as soon as possible as the next step in bringing this…