The Gibraltar Stock Exchange Lists 3iQ’s The Bitcoin Fund

The Gibraltar Stock Exchange has announced the listing of 3iQ’s The Bitcoin Fund, debuting one of the world’s first regulated and exchange-traded Bitcoin funds on a European regulated exchange.

3iQ is a Canada based investment fund manager. The company has previously received approval from the Ontario Securities Commission (OSC) and listed and traded on the Toronto Stock Exchange.

The Bitcoin Fund seeks to provide investors with institutional-level access to Bitcoin without directly holding the crypto. Gemini is acting as custodian for the Bitcoin held in the fund.

Aaron Payas, Partner at Hassans law firm in Gibraltar, and his team have acted as legal advisor to 3iQ and prepared the listing documentation.

Nick Cowan, CEO of the Gibraltar Stock Exchange said the announcement provides further evidence of innovative asset classes becoming accessible through mainstream investment vehicles.

Fred Pye, President and CEO of 3iQ, stated:

“Finally, sovereign wealth funds, pension funds, and the many reputable financial institutions that are restricted to buying licenced, regulated, major exchange-listed products, now have access to the world’s only regulated, exchange-traded in Canada, publicly listed bitcoin fund. Being listed on the Gibraltar Stock Exchange extends the reach of The Bitcoin Fund within the burgeoning European digital assets market, and continues the groundswell of momentum that has defined 3iQ’s exciting progress during the first half of 2020.”

Payas said that 3iQ’s listing on the Gibraltar Stock Exchange said that Gibraltar continues to punch above its weight in the context of the crypto and wider DLT space.

“In Gibraltar, we continue to push the envelope, offering enterprises the solutions and the service that they need to meet today’s market demands. It is exciting to be involved at the vanguard of these developments and it has been a pleasure to work with the team at 3iQ and GSX in making this a reality.”