3iQ’s Bitcoin Fund Gets Second Listing of 2020 – This Time on Gibraltar’s Stock Exchange
The Toronto Stock Exchange also listed The Bitcoin Fund in April of this year.
"Reaching $1 billion in only three weeks speaks to the enormous market demand for bitcoin," said Fred Pye, CEO of 3iQ.
A trio of ether ETFs were approved by Canadian regulators last week.
The ETF, trading under the ticker symbol “QBTC,” is the first cryptocurrency fund to go public in the Middle East.
The gap between the GBTC share price and the implied price of the underlying bitcoin has collapsed to a 4% discount from a 35% premium late last year.
3iQ said its Ether Fund has completed an initial public offering on the Toronto Stock Exchange, calling it a "world first."