- The 3iQ CoinShares Bitcoin ETF (BTCQ) has met and exceeded the C$1 billion milestone in assets under management
- The ETF, launched on April 19, 2021, is the fastest Bitcoin ETF in Canada to reach the milestone
- BTCQ offers the opportunity for long-term capital appreciation through exposure to Bitcoin’s U.S. dollar price
- 3iQ is Canada’s largest digital asset investment fund manager with more than $3.5 billion in assets under management
- The 3iQ CoinShares Bitcoin ETF (BTCQ) is up by 2.25 per cent and is currently trading at $11.83 per share
The 3iQ CoinShares Bitcoin ETF (BTCQ) has met and exceeded the C$1 billion milestone in assets under management.
The ETF, launched on April 19, 2021, is the fastest Bitcoin ETF in Canada to reach the billion dollar mark.
The ETF is available in Canadian dollars under the symbol BTCQ and in U.S. dollars under the symbol BTCQ.U.
Its objective is to provide unitholders with the opportunity for long-term capital appreciation through exposure to Bitcoin’s U.S. dollar price.
Fred Pye, Chairman and CEO of 3iQ, commented,
“Reaching $1 billion in only three weeks speaks to the enormous market demand for Bitcoin. The pace of its growth is yet another milestone in 3iQ’s goal to provide investors with more ways to gain exposure to the largest digital asset in the world.”
3iQ is Canada’s largest digital asset investment fund manager with more than $3.5 billion in assets under management.
The 3iQ CoinShares Bitcoin ETF (BTCQ) is up by 2.25 per cent and is currently trading at $11.83 per share as of 12:41 pm ET.