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3iQ's Canadian Bitcoin Fund Hits C$1B in Market Cap
The digital asset manager passed a key milestone this week.
The bitcoin fund from Canada's 3iq Corp (TSX:QBTC.U), listed on the Toronto Stock Exchange, has reached over CA$1 billion (US$785 million) in market capitalization.
STORY CONTINUES BELOW
- Digital asset manager 3iq Corp's QBTC fund passed another milestone, reaching CA$1 billion in net asset value on Jan. 14.
- The first bitcoin fund listed in Canada, 3iq Corp spent three years in dialogue with the Ontario Securities Commission before it received approval for its fund.
- The Gibraltar Stock Exchange listed 3iq Corp's closed-end fund in September, five months after it was first listed in Toronto.
- On Monday, Arxnovum Investments Inc. filed documents for the “Arxnovum Bitcoin ETF” applying to list on the Toronto Stock Exchange under the ticker “BIT.U.”
- Shaun Cumby, CEO of Arxnovum Investments, who previously held the position of CIO at 3iq Corp, was behind the launch of QBTC.U.
Read more: New Bitcoin ETF Application Filed in Canada
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.
