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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 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%.
Read more: CoinShares Partners With Canada’s 3iQ to Launch New Bitcoin ETF on TSX
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Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
