Overview
Description
The 3iQ Bitcoin ETF is a type of exchange-traded fund specifically designed to track the price of Bitcoin, offering investors a straightforward method to gain exposure to this leading cryptocurrency. Its primary function is to provide a regulated investment vehicle that captures the price movements of Bitcoin without requiring investors to hold the digital asset directly. The ETF is particularly significant for financial markets as it allows institutional and retail investors alike to participate in the cryptocurrency sector through a familiar and regulated financial product. By packaging Bitcoin into an ETF, 3iQ opens up the digital currency market to a wider audience, including those who may prefer traditional investment methods over direct cryptocurrency trading. It plays a crucial role in bridging the gap between the digital asset and traditional financial markets, enhancing accessibility and potentially increasing the stability of Bitcoin investment for its participants.
About
Address
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Phone
416-639-2130
Website
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Instrument type
ETF
Country
Canada
MIC code
XTSE