Fun

Canadian Firm 3iQ’s Bitcoin Fund Listed on Gibraltar Stock Exchange

News Feed - 2020-10-01 12:10:49

Canadian Firm 3iQ"s Bitcoin Fund Listed on Gibraltar Stock Exchange


The Gibraltar Stock Exchange said Tuesday that it listed a new bitcoin fund belonging to 3iQ Corp, a Canadian investment fund manager that focuses on new technologies and crypto assets.


The announcement follows GSX Group’s recent launch of what it calls the Grid, “a venue to create and deploy debt securities, funds, and equities as ‘smart securities’ in tokenised form”. GSX is the parent company of the Gibraltar Stock Exchange.


According to the exchange, the newly listed fund tracks the price of bitcoin by using a special index feed, which was developed by crypto market data provider Cryptocompare and Vaneck Europe, an asset management firm.


3iQ’s regulated BTC fund is already being traded on the Toronto Stock Exchange since April, but this is the first time it will be entering European shores. The exchange-traded fund aims to provide retail investors with “access to bitcoin without the burden of buying and safekeeping coins,” said the company in a statement shared with news.Bitcoin.com.


U.S. crypto exchange Gemini is providing custody to the bitcoin held in the fund. 3iQ already manages two private investment funds: 3iQ bitcoin trust and the 3iQ global crypto asset fund.


Nick Cowan, chief executive officer of the Gibraltar Stock Exchange, noted that the listing of “innovative asset classes” such as the bitcoin ETF will “in turn lead to increased adoption”.


Fred Pye, president, and CEO of 3iQ said the Gibraltar listing gives financial players such as sovereign wealth funds and pension funds, which face restrictions in buying licensed, regulated exchange-listed products, access to those instruments. He added:Being listed on the Gibraltar Stock Exchange extends the reach of the bitcoin fund within the burgeoning European digital assets market.


Gibraltar, a British Overseas Territory on Spain’s south coast, has emerged as one of the most crypto-friendly countries in the world, with notable global platforms such as Etoro, Huobi, Xapo, and Bitso operating from there.


Two weeks ago, the country’s Financial Services Commission updated its guidancenotes for distributed ledger technology providers to include recommendations for risk management, as well as clarify aspects around the issuance of digital assets.


What do you think about the 3iQ bitcoin fund being listed in Europe? Share your thoughts in the comments section below.Uniswap Captures $2 Billion Locked, Dex Volume Outpaces Second-Largest Centralized ExchangeEXCHANGES | 23 hours agoKucoin Hacked for $150 Million in Bitcoin; Bitfinex and Tether Freeze $33 Million of the Stolen FundsEXCHANGES | 4 days agoTags in this story3iQ, bitcoin etf, Bitso, Canada, Cryptocompare, eToro, Gibraltar Financial Services Commission, Gibraltar Stock Exchange, GSX Group, Huobi, Toronto Stock Exchange (TSX), Vaneck Europe, Xapo


Image Credits: Shutterstock, Pixabay, Wiki CommonsUse Bitcoin and Bitcoin Cash to play online casino games here.Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Read disclaimerShow comments

News Feed

Bitcoin To Hit $125,000 By Year-End If Trump Wins, Says Standard Chartered
Este artículo también está disponible en español. In a research paper dated October 24, Geoff Kendrick, Global Head of Digital Assets Research at Standard Chartered Bank,
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm t
Bitcoin Price Is Trading In This Bearish Flag — What’s The Downside Target?
Este artículo también está disponible en español. The Bitcoin price has shown some level of resilience above $100,000 in the past few weeks, weathering the storm of uncer
XRP Network Activity Hits All-Time High Despite Market Volatility – Bullish Signal?
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 pu
Bitcoin Price Drops 18%, Fed Discusses ‘Soft’ Inflation, Analyst Says BTC Sell-Off Attracts More Investors
Bitcoin Price Drops 18%, Fed Discusses "Soft" Inflation, Analyst Says BTC Sell-Off Attracts More Investors Digital asset markets are seeing some turbulence on Tu
Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers
Bank of Russia Recommends Banks to Block Cards, Wallets Used to Transact With Crypto Exchangers The central bank of Russia has advised commercial banks on how to identify and block
Samsung Reveals Virtual Store 837X in Decentraland Metaverse With NFT Badges and Theater
Samsung Reveals Virtual Store 837X in Decentraland Metaverse With NFT Badges and Theater After the electronics giant Samsung disclosed the firm’s upcoming 2022 smart televis
Analyst Predicts Dogecoin Price Surge To $4 — Here’s How
Este artículo también está disponible en español. The Dogecoin price has been under intense bearish pressure so far in 2025, falling a further 10% in the last seven days.
Report: Decentralized Exchange Volume Surpasses $1 Trillion in 2021, Uniswap Leads the Pack
Report: Decentralized Exchange Volume Surpasses $1 Trillion in 2021, Uniswap Leads the Pack Decentralized exchange (dex) volumes have become very prominent this year and some dex a
After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40%
After Defaulting Sri Lanka Plans to Print $2.8 Billion Worth of Rupees, Inflation Rate Expected to Top 40% The government in crisis-stricken Sri Lanka has said it will print more m
1 in 5 Players Win Big at Bitcoin.com Lottery, New Crypto Games Promise Guaranteed Winners
1 in 5 Players Win Big at Bitcoin.com Lottery, New Crypto Games Promise Guaranteed Winners Launching Sure-Win Games! A set of 10 new raffles with guaranteed wins
Galaxy Digital Reveals Update on Ties to FTX, Partnership Has ‘Exposure of Approximately $76.8 Million’
Galaxy Digital Reveals Update on Ties to FTX, Partnership Has "Exposure of Approximately $76.8 Million" Following the issues surrounding FTX, the publicly-listed firm Galaxy Digita