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Canadian Bitcoin Fund Receives Status as Mutual Fund Trust


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Canadian Bitcoin Fund Receives Status as Mutual Fund Trust

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  #1 (permalink)
Atlanta, GA
 
 
Posts: 12 since Aug 2018
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Canada’s “first” and “only” regulated Bitcoin (BTC) fund First Block Capital Inc. has obtained mutual fund trust status, allowing investors to put their fund units in self-directed registered accounts, according to a press release published September 10.

https://cointelegraph.com/news/canadian-bitcoin-fund-receives-status-as-mutual-fund-trust

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There is another option as well in Canada which is the fund from 3IQ
https://3iq.ca/3iq-global-cryptoasset-fund/

Unfortunatly the MER is very high at 2.95% and not pure Bitcoin (about 50% Bitcoin, 35% Ether, 15% Litecoin) but I think it is the only way for Canadians to hold Bitcoins in a registered account.

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June 2, 2019


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