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Canadian Markets Regulator Gives 3iQ Green Light to Offer Bitcoin Fund

Published 10/30/2019, 07:20 PM
Updated 10/30/2019, 07:41 PM
© Reuters.  Canadian Markets Regulator Gives 3iQ Green Light to Offer Bitcoin Fund

© Reuters. Canadian Markets Regulator Gives 3iQ Green Light to Offer Bitcoin Fund

Canadian investment fund manager 3iQ will now be able to offer Canadian retail investors a regulated, publicly-traded Bitcoin (BTC) fund.

In an Oct. 30 press release, 3iQ announced that it had received a favorable ruling from the Ontario Securities Commission (OSC) in regard to its closed-end Bitcoin fund, which is expected to be available on a major Canadian stock exchange by the end of the year.

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