3iQ will attract retail investors to the Bitcoin fund

Investment fund manager 3iQ aims to attract Canadian retail investors to itsBitcoin regulated fund.

3iQ Announces Prospectusto launch a fund that will appear on the Toronto Stock Exchange within a few months. 3iQ said it had filed a prospectus in connection with an initial public offering of IPOs of class A, valued at $ 10 each.

“We plan to be listed on the stock exchangeToronto in late December - early January. Then we will begin to engage the largest Canadian banks in cooperation, and we hope that those banks that are actively developing in the field of fintech will want to join us, ”said Fred Pye, 3iQ CEO.

He also added that the Bitcoin fund provides for a pension savings program and non-taxable savings accounts, which may be of interest to retail investors.

According to Pai, over the past three years3iQ worked with the Ontario Securities Commission (OSC) to create a fund so that retail investors can take full advantage of Bitcoin investments in a regulated environment. In late October, 3iQ received OSC approval for the launch of this fund.

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