Coinshares & 3iQ to Launch a Bitcoin (BTC) ETF

Coinshares and 3iQ, two of the world’s biggest crypto asset managers have announced plans to list a bitcoin ETF at the Toronto Stock Exchange (TSX).

That follows the approval of the final prospects, with the ETF to launch this April once it satisfies TSX’s original listing requirements.

It will trade under BTCQ for the Canadian pair and BTCQ.U for the dollar pair, with it so increasing competition in bitcoin share traded funds.

“With inflows into digital asset investment funds exceeding US$6 billion in the first quarter of 2021, and global assets under management reaching a new record of €46.25 billion, our team at CoinShares believes digital assets will continue to grow as more investors look for cost-efficient vehicles to access this exciting new asset class,” said Jean Marie Mognetti, CoinShares’ CEO.

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