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Bitcoin ETF From 3iQ and CoinShares, Canada's 4th, Begins Trading on TSX

Bitcoin ETF From 3iQ and CoinShares, Canada's 4th, Begins Trading on TSX

Bitcoin ETF From 3iQ and CoinShares, Canada's 4th, Begins Trading on TSX

A trio of ether ETFs were approved by Canadian regulators last week.

A trio of ether ETFs were approved by Canadian regulators last week.

A trio of ether ETFs were approved by Canadian regulators last week.

By Tanzeel Akhtar
AccessTimeIconApr 19, 2021, 1:44 PM
Updated Mar 8, 2024, 4:23 PM
Toronto

A bitcoin exchange-traded fund (ETF) from Canadian digital asset manager 3iQ Corp is now trading on the Toronto Stock Exchange (TSX).

  • The “3iQ CoinShares Bitcoin ETF” will trade in Canadian dollars under the ticker BTCQ and in U.S. dollars under the symbol BTCQ.U, the company announced Monday.
  • It’s the fourth such bitcoin ETF to trade in the nation of 38 million. Canadian regulators last week approved multiple ether ETFs in a sign of the country’s willingness to serve crypto-curious investors. U.S. regulators, meanwhile, have yet to approve a bitcoin ETF after years of rejected applications.
  • Prior to this latest listing, 3iQ already had a bitcoin ETF listed on the TSX. The firm’s CEO, Fred Pye, said it is “another milestone for the 3iQ team, bitcoin enthusiasts and investors across Canada.”
  • The management fee for the ETF is 1.00% and 3iQ said it is absorbing any other expenses in excess of 0.25%.

STORY CONTINUES BELOW

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Tanzeel Akhtar

Tanzeel Akhtar is a reporter based in London,UK.

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CanadaCoinShares3iQEther ETFsBitcoin ETF