Live Breaking News & Updates on Canadian Association Of Alternative Strategies And Assets Caasa

The Globe and Mail
Jameson Berkow
Includes correction
DADO RUVIC/Reuters
For Canadian investors tempted by the latest bitcoin craze, money manager Fred Pye offers what many will see as one of their only pure-play options.
The chief executive of 3iQ Digital Asset Management runs The Bitcoin Fund (QBTC-T), which started trading last spring. It’s a unique offering in Canada and believed to be one of two pure-play bitcoin funds worldwide. (The other, the BTCetc Bitcoin Exchange Traded Crypto Fund (BTCE-FF), debuted on the Frankfurt Stock Exchange in August).
There are plenty of options available to buy into the bitcoin boom, but Mr. Pye argues the vast majority of them – from virtual bitcoin exchanges to ETF-like products called exchange-traded notes (ETNs) – are too risky for the average investor. ....

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