The Bitcoin Fund of Canada’s 3iq Corp (TSX:QBTC.U), listed on the Toronto Stock Exchange, has reached more than CA$1 billion (US$785 million) in market capitalisation.
The QBTC Fund of Digital Asset Manager 3iq Corp passed another milestone, reaching a net asset value of CA$1 billion on January 14.
The first Bitcoin fund listed in Canada, 3iQ, spent three years in dialogue with the Ontario Securities Commission before receiving approval for its fund.
The Gibraltar Stock Exchange listed 3iQ’s closed-end fund in September, five months after it was first registered in Toronto.
On Monday, Arxnovum Investments Inc. filed documents for the “Arxnovum Bitcoin ETF” application on the Toronto Stock Exchange under the “BIT.U” ticker.
Shaun Cumby, CEO of Arxnovum Investments, who previously held the position of CIO in 3iq Corp, was behind the launch of QBTC.U.
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