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Very first bitcoin fund in Canada reaches its $100 million key achievement

 
Very first bitcoin fund in Canada reaches its $100 million key achievement
Breaking News / Bitcoin / Crypto Market / BTCUSD

Quick take

1 minute read

  • 3iQ, a digital asset manager based in Canada has just recorded a huge milestone for its public bitcoin fund which would be the first bitcoin fund listed on a major stock exchange in Canada. 
  • This week, it reached the $100 million market capitalisation key resistance level as was announced in a tweet on the 20th of October.

3iQ, a digital asset manager based in Canada has just recorded a huge milestone for its public bitcoin fund which would be the first bitcoin fund listed on a major stock exchange in Canada. This week, it reached the $100 million market capitalisation key resistance level as was announced in a tweet on the 20th of October.

As a little bit of history on the platform, 3iQ launched its bitcoin fund in April earlier this year and listed the bitcoin fund shares on the Toronto stock exchange. When it was launched, the fund lasted almost 1,500,000 class A shares on the platform.

However, back in January 2018, the company allegedly became the very first crypto fund that was to be regulated by the Ontario securities commission as well as the securities administrators in the nation.

One of the founders of the Gemini crypto platform, Tyler Winklevoss also took to Twitter to congratulate the network on the achievement.

For more news on this and other crypto updates, keep it with CryptoDaily!

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