• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • About us
  • Write for us
  • Terms and Conditions
  • Privacy Policy
  • Disclaimer
  • Contact
  • All Posts
  • Advertise

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / News / Bitcoin News / Canadian firm partnered with Van Eck and Gemini confirm that they have received green signal for ‘The Bitcoin Fund’
Bitcoin

Canadian firm partnered with Van Eck and Gemini confirm that they have received green signal for ‘The Bitcoin Fund’

October 31, 2019 by Ketaki Dixit

Canada has slowly but surely been making splashes in the cryptocurrency world, and the latest decision put forth by the Ontario Securities Commission Panel has only made the impact even clearer.

Yesterday, on October 30, 3iQ Corp, a Canadian investment fund manager focused on the digital asset space, and disruptive technologies revealed that they had received the green signal for The Bitcoin Fund. 3iQ is one of several companies from Canada that have made big names for themselves in the fintech industry.

Post the announcement, Fred Pye, the President, and CEO of 3iQ, said:

“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.”

Fred Pye added,

“We have addressed the questions of pricing, custody, audit, and public interest issues in a regulated investment fund. We intend to refile the prospectus as soon as possible as the next step in bringing this ground breaking fund to investors.”

The company has plans to offer retail investors the exposure to Bitcoin and the decentralized asset class combined with registered and traditional investment accounts. It was also known that 3iQ had friends in high places, with VanEck industries being one of them. Jan van Eck, the CEO of VanEk, had stated:

“We were pleased to work closely with 3iQ in both the development of the index and in working with the regulators to address their concerns. We are obviously impressed with the determination and persistence of our Canadian partners.”

The partner list for 3iQ was impressive as Gemini also joined Van Eck, the Winklevoss brothers founded cryptocurrency organization. Gemini will be tasked to act as the digital asset custody solution for 3iQ. Cameron Winklevoss, the President of Gemini, claimed:

“As a New York Trust company we are required to store digital assets in a trusted, safe and compliant manner and will employ those principles to help 3iQ manage this innovative fund.”

Disclaimer: The presented information is subjected to market conditions and may include the very own opinion of the author. Please do your ‘very own’ market research before making any investment in cryptocurrencies. Neither the writer nor the publication (TronWeekly.com) holds any responsibility for your financial loss.

Never miss our daily cryptocurrency news, price analysis, tips, and stories. Join us on Telegram | Twitter or subscribe to our weekly Newsletter.

Filed Under: Bitcoin News Tagged With: Bitcoin (BTC)

Primary Sidebar

Recent Posts

  • Coinbase’s Latest Initiative To Spruce Up Listing Process January 16, 2021
  • Gemini Follows Coinbase’s Trail; Winklevoss Twins Affirm Going Public Is An Option January 15, 2021
  • Chainlink [LINK] Onboards Bulls To Breach Its All-Time High Of $19.85 January 15, 2021
  • Huobi Makes It Easy For Russian Crypto Lovers By Aiding Ruble [RUB] Deposits/Withdrawals January 15, 2021
  • Bitcoin Aims For $40K Yet Again As Stablecoin Inflow Spikes January 15, 2021


Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2021 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.