3iQ CoinShares Bitcoin ETF
SpotOverview: The 3iQ CoinShares Bitcoin ETF (BTCQ) is a Canadian spot Bitcoin ETF trading on the Toronto Stock Exchange.
Investment Focus: Directly invests in and holds physical Bitcoin, providing exposure to Bitcoin's price in Canadian dollars.
Accessibility: Trades on TSX under ticker BTCQ (CAD) and BTCQ.U (USD), eligible for TFSA and RRSP accounts.
Management and Fees: 1.00% management fee.
Background: 3iQ Corp is a Canadian digital asset fund manager that launched one of the world's first publicly traded Bitcoin funds in 2020.
Partner: Collaborates with CoinShares, Europe's largest digital asset investment firm.
Regulation: Regulated by the Ontario Securities Commission (OSC).
Custody: Uses Gemini Trust Company for segregated cold storage of Bitcoin.