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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.
Updated Sep 14, 2021, 10:57 a.m. Published Jan 16, 2021, 12:01 a.m.
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.
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- 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
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Sizin için daha fazlası
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
Bilinmesi gerekenler:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
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