Canadian investors can avoid costs of currency conversion through class A shares now available on the TSX
3iQ has announced that Class A Units of The Bitcoin Fund, which offers exposure to bitcoin and potential long-term capital appreciation, is available in Canadian dollar-denominated class A units starting today.
With its class A units trading under the symbol QBTC, the fund acquires assets from reputable and regulated bitcoin trading platforms and OTC counterparties. By doing so, 3iQ said the fund provides a convenient, secure alternative to a direct investment in bitcoin, while delivering exposure to an alternative asset class with low correlation to traditional investment strategies.
“Finally, Canadian investors have the opportunity to trade The Bitcoin Fund in their native currency and through their locally dominated accounts, thus eliminating the interminable costs and albeit hassle of converting currencies,” Fred Pye, president and CEO of 3iQ said in a statement.
3iQ also announced its new managing director of Sales and Trading, Christopher Matta, who took on the role effective October 19. Matta is the president and founder of the Blockchain Association of New Jersey, which advocates for innovative regulatory leadership and enterprise collaboration for the cryptocurrency space. He is also the former co-founder of Crescent Crypto, an asset management firm focused on developing innovative investment solutions for institutional and mainstream investors to gain access to the cryptocurrency asset class.