Investment fund management company 3IQ receives a “favorable decision” from the Ontario Securities Commission for its bitcoin fund

Canadian investment fund management company 3IQ Corp announced that it has received an Ontario Securities Commission (OSC)'s favorable ruling on "bitcoin funds." The fund is a non-redeemable investment fund and is expected to be traded on major Canadian stock exchanges. According to 3IQ Corp, OSC has instructed its directors to "issue a receipt for the Bitcoin Fund's final prospectus." It is reported that the fund is expected to be traded in the fourth quarter of 2019, providing investors with bitcoin investment opportunities through a long-term holding strategy, which includes buying bitcoins from companies such as the Bitcoin exchange.