Bitcoin ETF From 3iQ and CoinShares, Canada's 4th, Begins Trading on TSX

A trio of ether ETFs were approved by Canadian regulators last week.

AccessTimeIconApr 19, 2021 at 1:44 p.m. UTC
Updated Mar 8, 2024 at 4:23 p.m. UTC
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A bitcoin exchange-traded fund (ETF) from Canadian digital asset manager 3iQ Corp is now trading on the Toronto Stock Exchange (TSX).

  • The “3iQ CoinShares Bitcoin ETF” will trade in Canadian dollars under the ticker BTCQ and in U.S. dollars under the symbol BTCQ.U, the company announced Monday.
  • It’s the fourth such bitcoin ETF to trade in the nation of 38 million. Canadian regulators last week approved multiple ether ETFs in a sign of the country’s willingness to serve crypto-curious investors. U.S. regulators, meanwhile, have yet to approve a bitcoin ETF after years of rejected applications.
  • Prior to this latest listing, 3iQ already had a bitcoin ETF listed on the TSX. The firm’s CEO, Fred Pye, said it is “another milestone for the 3iQ team, bitcoin enthusiasts and investors across Canada.”
  • The management fee for the ETF is 1.00% and 3iQ said it is absorbing any other expenses in excess of 0.25%.
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    Tanzeel Akhtar

    Tanzeel Akhtar is a reporter based in London,UK.


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