{"id":30549,"date":"2020-10-22T19:21:57","date_gmt":"2020-10-22T16:21:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30549"},"modified":"2025-08-27T22:52:18","modified_gmt":"2025-08-27T19:52:18","slug":"tsx-launches-canadian-dollar-trading-of-3iqs-the-bitcoin-fund-shares","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/tsx-launches-canadian-dollar-trading-of-3iqs-the-bitcoin-fund-shares\/","title":{"rendered":"TSX launches Canadian-dollar trading of 3iQ\u2019s The Bitcoin Fund shares"},"content":{"rendered":"<p>On October 20, the Toronto Stock Exchange (TSX) launched trading in Canadian dollars of the Class A shares of 3iQ&#8217;s The Bitcoin Fund, ticker QBTC, according to the company&#8217;s <a href=\"https:\/\/www.globenewswire.com\/news-release\/2020\/10\/19\/2110702\/0\/en\/3iQ-s-The-Bitcoin-Fund-Offers-Trading-Denominated-in-Canadian-Dollars.html\" target=\"_blank\" rel=\"noopener noreferrer\">press release<\/a>.<!--more--><\/p>\n<blockquote>\n<p>\u201cCanadian investors now have the ability to trade the Bitcoin Fund in the national currency and through local accounts. This eliminates the costs and time involved in currency conversion,\u201d explained Fred Pye, president and CEO of 3iQ.<\/p>\n<\/blockquote>\n<p>The milestone coincided with the fund&#8217;s market capitalization surpassing the notable $100 million mark. Trading of the asset in US dollars began in April this year.<\/p>\n<p>The news was shared by one of the Winklevoss twins, Tyler. Their company Gemini Trust serves as custodian of the fund&#8217;s crypto assets.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Big Milestone. The <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Fund by <a href=\"https:\/\/twitter.com\/3iq_corp?ref_src=twsrc%5Etfw\">@3iq_corp<\/a> that trades publicly on the Toronto Stock Exchange under <a href=\"https:\/\/twitter.com\/search?q=%24QBTC.U&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$QBTC.U<\/a>, just passed the $100 a. million mark. Onward!<\/p>\n<p>\u2014 Tyler Winklevoss (@tylerwinklevoss) <a href=\"https:\/\/twitter.com\/tylerwinklevoss\/status\/1318704581199556608?ref_src=twsrc%5Etfw\">October 21, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Since its inception on April 9, 2020, the fund&#8217;s net asset value (NAV) has risen from $9.24 to $14.42.<\/p>\n<p>The Bitcoin price benchmark index for the fund was developed by MV Index Solutions, a subsidiary of investment firm VanEck.<\/p>\n<p>Earlier, 3iQ received preliminary approval from the Ontario Securities Commission (OSC) to launch a retail bitcoin fund for retail investors in October 2019.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forkloglive\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog FEED<\/a> \u2014 full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On October 20, the Toronto Stock Exchange (TSX) began trading in Canadian dollars the Class A shares of 3iQ\u2019s The Bitcoin Fund, under ticker QBTC, according to the company&#8217;s press release.<\/p>\n","protected":false},"author":1,"featured_media":30550,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[771,1211,1992],"class_list":["post-30549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canada","tag-stock-market","tag-tsx"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30549"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30549\/revisions"}],"predecessor-version":[{"id":30551,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30549\/revisions\/30551"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30550"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}