Overview
Description
The Bitcoin Fund is a closed-end investment fund designed to provide investors with direct exposure to Bitcoin, the leading digital asset. Managed by 3iQ Corp., the fund's core objective is to allow unitholders to participate in the price movements of Bitcoin without the complexities of directly acquiring, storing, or securing the cryptocurrency. The fund achieves this by holding long-term positions in Bitcoin, sourced from reputable trading platforms and over-the-counter counterparties, with all assets fully secured in institutional-grade cold storage custody.
The Bitcoin Fund targets individuals and institutions seeking a regulated, transparent investment vehicle that tracks the daily price in U.S. dollars of Bitcoin. It is eligible for various registered accounts, such as RRSPs and TFSAs, enhancing its appeal within the Canadian market. By removing technological and security barriers that often accompany direct cryptocurrency ownership, the fund plays a significant role in broadening access to the digital asset ecosystem for traditional investors. Its presence on public exchanges further increases the accessibility and liquidity of Bitcoin as an investable asset class.
About
Address
4800-One King Street West
Toronto, M5H 1A1, ON
Canada
Toronto, M5H 1A1, ON
Canada
Phone
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Website
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Instrument type
Closed-end fund
Country
Canada
MIC code
NEOE