RATE Group | High-net-worth investors now able to hold bitcoin in registered accounts
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High-net-worth investors now able to hold bitcoin in registered accounts

10 Sep High-net-worth investors now able to hold bitcoin in registered accounts

Posted at 10:38h in Bitcoin News by

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High-net-worth investors can now hold bitcoin investments in their registered accounts, including registered retirement savings plans and tax-free savings accounts.

Starting this week, investment advisers are able to purchase the First Block Capital Bitcoin Trust, a fund that launched last year for accredited investors, on the NEO Connect – a trading platform developed by Aequitas Innovations Inc. and a sister platform to the NEO Exchange.

Under the symbol FBCBT, NEO Connect will allow investment advisers to purchase and redeem the open-ended bitcoin fund in the same way they buy and sell exchange-traded funds, and be able to allocate units into a self-directed registered account such as an RRSP or TFSA.

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Developed by Vancouver-based First Block Capital Inc., the fund was first introduced as a private placement fund to accredited investors only, allowing investors to obtain exposure to bitcoin without having to acquire, store or manage…

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