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Highlights:

  • Canada-based investment fund manager 3iQ Corp. received the green light from the Ontario Securities Commission to open a Bitcoin Fund

Canadian investment fund manager 3iQ received initial approval on its long road to launch a closed-end bitcoin fund on the Ontario Stock Exchange later this quarter.

3iQ had been working closely with the OSC’s Investment Funds and Structured Products Branch to create an investment fund allowing retail investors to participate in a regulated and listed fund, according to Pye.

Fred Pye, President & CEO of 3iQ.said, “Over the past three years, we have worked actively with the OSC’s Investment Funds and Structured Products Branch to create an investment fund that we hope will allow retail investors the benefits of investing in bitcoin through a regulated, listed fund.”

The Winklevoss twins’ company Gemini would be the custodian of the Bitcoin in the fund. Cameron Winklevoss said that 3iQ has carefully selected a team of professional partners with expertise in the digital asset industry to construct a safe and secure fund product for the Canadian market, and they are excited to be selected as their custodian.


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Sudarshan M

Sudarshan M is a long time crypto-enthusiast. Pulled in by bitcoin early on, it didn’t take long for Sudarshan to divert all of his academic attention from business studies to blockchain by doing his Masters and eventually pursuing his PhD in the subject. He is currently a researcher at the University of Nicosia. He is also the author of two research papers and a book on Blockchain’s future in Education titled: An Academic Overview of Blockchain - Applications in Educational Institutions. Sudarshan is an entrepreneur, blogger, educator, researcher and an avid proponent of Dogecoin. Such coin, Much wow.

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