RATE Group | Canadian Regulator Green-Lights Bitcoin Fund IPO
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Canadian Regulator Green-Lights Bitcoin Fund IPO

30 Nov Canadian Regulator Green-Lights Bitcoin Fund IPO

Posted at 22:20h in Bitcoin News by

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Canadian Regulator Green-Lights Bitcoin Fund IPO

The Bitcoin Fund’s initial public offering (IPO) filing has been accepted by Canada’s Ontario Securities Commission. Despite previously rejecting it, the Canadian regulator finally accepted the fund’s IPO prospectus after a public hearing and a favorable ruling.

Also read: Bitcoin ATMs Installed at 5 Major Malls in the US

The Bitcoin Fund IPO

Crypto-focused Canadian investment fund manager 3IQ Corp. announced on Thursday that it has filed a preliminary prospectus for the IPO of The Bitcoin Fund. More importantly, the prospectus dated Nov. 27 has been receipted by the Ontario Securities Commission (OSC) after previously rejecting it. The IPO will offer two classes of units at $10 each.

The Bitcoin Fund is a closed-end investment fund established as a trust under Ontario’s laws, the company explained, adding that “the units will be an eligible qualified investment for registered investment accounts.” The fund’s investment objectives are to…

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