The Bitcoin Fund Completes IPO
Canadian investment fund manager 3iq Corp. announced on Thursday that The Bitcoin Fund has completed an initial public offering (IPO) and merged with 3iq Bitcoin Trust. Consequently, The Bitcoin Fund now has 1,491,800 outstanding class A units representing the total asset of approximately US$14 million. The class A units are available to all investors, the fund’s prospectus notes. 3iq, which acts as the investment manager and portfolio manager of the fund, elaborated just before trading began:
The class A units will commence trading today on the Toronto Stock Exchange under the symbol QBTC.U.