A landmark ruling by the Ontario Securities Commission (OSC) on October 30th will allow retail investors the opportunity to invest in The Bitcoin Fund (QBTC), which aims to list on the Toronto Stock Exchange (TSX) before the end of 2019. This is the first time retail investors will have access to Bitcoin through traditional financial exchanges in North America.
Since the OSC approval we’ve been asked how we knew to invest heavily in 3iQ; the following answers that as well as why this approval is important to everyone, everywhere.
Why did Exponential invest in The Bitcoin Fund by 3iQ?
We’re not the only ones that believe in 3iQ and The Bitcoin Fund. VanEck is a fellow investor in 3iQ. They have $49 billion in assets under management, much of which is in gold-related products, having created the first U.S. gold fund.
Overall, the approval of a cryptocurrency investment vehicle from a major government regulator is a significant step forward in the adoption of cryptocurrency worldwide and may pave the way for other jurisdictions to follow suit.
At Exponential, we believe in migrating capital to the new, open, digital economy as well as investing in founders who alleviate suffering and expand human potential. 3iQ perfectly embodies these two characteristics and we are proud to continue supporting them in their growth.