UNLOCK: Blockchain News, Latest Trends and News about Blockchain Technology

3iQ Files The Bitcoin Fund IPO

3iQ Files The Bitcoin Fund IPO

3iQ Corp. has filed for The Bitcoin Fund (the “Fund”) in relation to an initial public offering of Class A units and Class F units (the “Units”) at a price of $10.00 USD per unit. The Fund is a closed-end investment fund established as a trust under the laws of the Province of Ontario and the Units will be an eligible qualified investment for registered investment accounts.

The Fund’s investment objectives are to provide holders of Units with: exposure to the digital currency bitcoin and the daily price movements of the U.S. dollar price of bitcoin, and the opportunity for long-term capital appreciation.

3iQ Corp., will act as the investment manager and portfolio manager of the Fund. The offering is being led by Canaccord Genuity Corp.

3iQ is a Canadian investment fund manager focused on providing investors with exposure to digital assets. 3iQ currently manages two private digital asset funds which are eligible for investment by accredited investors in Canada or in reliance on other exemptions from the prospectus requirement.

Home

Copyrights © 2019
Developed by Al-Iktissad Wal-Aamal Co.

Stay updated with the latest Blockchain news. Subscribe and never miss a story!