NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Regulated Bitcoin Fund Coming to Canada Following Battle with Securities Commission

Rick Delafont
Rick Delafont
1 year ago
2 mins read
Canada bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Retail investors in Canada will soon be able to get exposure to Bitcoin through a fully-regulated, closed-end fund. The world first, as it is being described, is the result of a battle between fund manager 3iQ and the Ontario Securities Commission.

The imaginatively-titled “The Bitcoin Fund” should be available to Canadian retail investors later this year. It is expected to be listed for trading on a major Canadian stock exchange.

“History in the Making”: Tyler Winklevoss Celebrates The Bitcoin Fund

According to a press release from 3iQ, the Ontario Securities Commission (OSC) approved the new fund earlier today. Having been rejected by the regulator in February, the company launched an appeal. It claimed that it would be following current regulatory guidelines for custody, pricing of the asset (BTC) itself, and the auditing process.

In a landmark victory for Canadian fintech and capital markets, 3iQ has been given the green light by the Ontario Securities Commission to file a prospectus and apply to list “The Bitcoin Fund” on a Canadian stock exchange.https://t.co/vMXmeEsig6

— 3iQ Digital Asset Management (@3iq_corp) October 30, 2019

As part of today’s hearing on the matter, OSC Commissioner Lawrence P. Haber stated that the regulatory body had not sufficiently proved that such a fund built around Bitcoin could not be compliant with existing regulations. He also refuted the notion that retail investors were not sophisticated enough to perceive the possible risks of investing in digital currencies such as Bitcoin.

Chairman of 3iQ, Howard Atkinson, commented on the victory, described by the firm’s social media department as “landmark”:

“We look forward to offering retail investors exposure to this exciting new asset class within registered and traditional investment accounts.”

History in the making. Proud that @Gemini Custody™ will be the custodian for @3iq_corp's "The Bitcoin Fund" that will list on the Canadian stock exchange! #ToTheMoon 👍🚀 https://t.co/DfTGscVa00

— Tyler Winklevoss (@tyler) October 30, 2019

Meanwhile, Tyler Winklevoss, the co-founder of the Gemini crypto asset trading venue, called the ruling “history in the making”, adding he was proud that 3iQ would be using his firm’s Bitcoin custody solution to protect users’ investments.

Tyler’s twin brother, Cameron, added:

“3iQ has carefully selected a team of professional partners with expertise in the digital asset industry to construct a safe and secure fund product for the Canadian market, and we are excited to be selected as their custodian.”

These partners not only include Gemini but also VanEck, one of the firms behind repeated efforts to bring the first Bitcoin ETF to the US market.

Fred Pye, President & CEO of 3iQ, also provided comment about the ongoing work the firm has undertaken with the OSC:

“Over the past three years, we have worked actively with the OSC’s Investment Funds and Structured Products Branch to create an investment fund that we hope will allow retail investors the benefits of investing in bitcoin through a regulated, listed fund.”

It remains to be seen if The Bitcoin Fund will prove popular amongst investors. However, the ruling is a pretty big step towards greater regulatory acceptance of the asset class, with most regulated Bitcoin platforms around the world being reserved for accredited investors only.

 

Related Reading: Bitcoin Trades at Large Premium in Argentina as Dollar Purchase Restrictions Set In

Featured Image from Shutterstock.
Tweet123Share234ShareSend
Rick Delafont
Rick Delafont

Rick Delafont

Based in Europe, Rick has written about the cryptocurrency industry since 2016. He was first drawn to Bitcoin as a means of payment but quickly became fascinated by its wider potential implications. His interests lie in the political, economic, and social impact of the unfolding digital asset revolution.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

FUNToken’s P2E Model Isn’t Just a Game: It’s a Scalable Digital Economy

FUNToken is going beyond basic play-to-earn mechanics by laying the groundwork for a scalable digital economy that targets the global...

NewsBTC 5 hours ago
Bitcoin

Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target

Bitcoin is currently on the path to holding a strong footing above $109,000 after reclaiming the $108,000 price level in...

Scott Matherson 7 hours ago
Ethereum

Ethereum Breaks Higher With Conviction: No Signs Of A Breakdown Yet

Bankr, in a recent update, pointed out that Ethereum is maintaining its upward momentum, backed by solid volume and a...

Godspower Owie 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

bitcoin

Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

Ash Tiwari 1 hour ago
Bitcoin price news

Bitcoin’s Liquidity Lifeline Just Got Cut—What You Need To Know

Jake Simmons 4 hours ago
Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

Sebastian Villafuerte 5 hours ago

Premium Sponsors

Press Releases

  • 3 altcoinuri de urmărit în prima săptămână a lunii iulie 2025

    3 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    XRP versus Shiba Inu: Care criptomonedă are șanse mai...

    3 hours ago
  • XRP, SOL, LTC holders turn to OPTO Miner to earn $5,777 in...

    7 hours ago
  • More and more XRP and ETH holders are turning to APT Mienr...

    7 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    ...

    9 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.