{"id":19453,"date":"2019-10-31T12:03:43","date_gmt":"2019-10-31T11:03:43","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=19453"},"modified":"2019-10-31T12:03:43","modified_gmt":"2019-10-31T11:03:43","slug":"canadian-fund-manager-3iq-to-list-bitcoin-fund-on-major-canadian-stock-exchange-after-ontario-securities-commissions-approval","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/canadian-fund-manager-3iq-to-list-bitcoin-fund-on-major-canadian-stock-exchange-after-ontario-securities-commissions-approval\/","title":{"rendered":"Canadian Fund Manager 3iQ to List Bitcoin Fund on Major Canadian Stock Exchange After Ontario Securities Commission\u2019s Approval"},"content":{"rendered":"
According to a press release<\/span>, a Canadian investment fund <\/span>3iQ Corporation<\/span><\/a><\/strong> has received a favourable ruling from its public hearing before a panel of the Ontario Securities Commission (OSC)<\/span> regarding its Bitcoin fund launch.<\/span><\/p>\n According to the company, Ontario Securities Commission (OSC) panel has instructed its director to issue a receipt for a final prospectus of the Fund. The Bitcoin Fund, a close-end Bitcoin, is expected to be listed on a major Canadian stock exchange at the end of this year.<\/span><\/p>\n Toronto, Ontario-based 3iQ, founded in 2012<\/span> by investment industry veterans Jean-Luc Landry and Fred Pye , is a Canadian investment fund manager focused on providing innovative investment products of institutional quality. The company claims that its fund will be the first regulated, major exchange-listed Bitcoin fund in the world.<\/span><\/p>\n In February of 2019, Canadian market regulator rejected the 3iQ\u2019s proposal to launch a regulated Bitcoin fund. The company appealed the decision and at last, was able to get approval from OSC to launch its Bitcoin<\/a> <\/strong>fund.<\/span><\/p>\n