Canadaâs first public Bitcoin fund hits $1 billion 3iQâs Bitcoin QBTC fund has surged 900% in market cap since October 2020, breaking a $1 billion milestone. 11064 Total views News
Canadian regulated digital asset manager 3iQ has recorded another massive milestone of its public Bitcoin (BTC) fund.
On Jan. 14, 3iQâs Bitcoin Fund (QBTC) hit the $1 billion mark, the company announced on Twitter. The new milestone demonstrates QBTCâs parabolic growth after 3iQ launched the fund in April 2020. QBTC is now up 900% from its previous milestone of $100 million recorded in October 2020.
As previously reported, 3iQâs QBTC is Canada s first public Bitcoin fund listed on a major stock exchange, the Toronto Stock Exchange. Cameron and Tyler Winklevoss Gemini provides custody services for 3iQâs QBTC.