Canada’s fourth Bitcoin ETF begins trading on Toronto Stock Exchange
The 3iQ CoinShares Bitcoin ETF is aiming to provide investors with exposure to Bitcoin as well as “the opportunity for long-term capital appreciation”
3iQ Corp, Canada’s largest asset manager, has said its 3iQ CoinShares Bitcoin exchange-traded fund (ETF) (TSX:BTCQ) has begun trading on the Toronto Stock Exchange (TSX).
The company said the ETF will look to provide investors with exposure to Bitcoin as well as “the opportunity for long-term capital appreciation”.
“Today is yet another milestone for the 3iQ team, bitcoin enthusiasts, and investors across Canada. Backed by deep industry expertise, we are thrilled to be adding the 3iQ CoinShares Bitcoin ETF to our offerings and especially to partner with CoinShares”, 3iQ chairman and chief executive Fred Pye said in a statement.
Comments from the Tesla boss that prices of the cryptocurrency "do seem high" sent Bitcoin tumbling and sparked a domino effect that also hit shares in.