Overview
Description
The 3iQ Bitcoin ETF is an exchange-traded fund designed to provide investors with access to the performance of Bitcoin, the world’s premier cryptocurrency, by investing directly in Bitcoin itself. Managed by 3iQ Corp., a Canadian investment fund manager, the ETF aims to simplify the process for investors interested in gaining exposure to Bitcoin without the complexities and risks associated with direct cryptocurrency trading and custody. By offering a regulated platform on which to invest through traditional brokerage accounts, the 3iQ Bitcoin ETF facilitates liquidity and transparency for both institutional and retail investors.
This ETF primarily influences the cryptocurrency market and the broader financial market sectors interested in digital assets. It also plays a role in furthering the acceptance and mainstream adoption of cryptocurrencies within established financial frameworks. As more investors seek diversification through digital currencies, the 3iQ Bitcoin ETF serves a pivotal role in bridging the gap between traditional financial services and the burgeoning world of digital commodities. As it trades on major stock exchanges like the Toronto Stock Exchange, it helps transfer Bitcoin's price dynamics into a financial market context accessible to various types of investors.
About
Address
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Phone
416-639-2130
Website
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Instrument type
ETF
Country
Canada
MIC code
XTSE