After 3 years of wrangling for a Bitcoin Stock Listing, 3iq successfully listed their Bitcoin fund on the Toronto Stock Exchange.
The Toronto Stock Exchange & TSX Venture Exchange are well-known for their nimble operations and has powerfully streamlined listings for Canadian and International companies.
The Canadian stock exchanges amount to the #9 largest exchanges by volume in the world. This is as momentous a development as the CFTC approving the Bitcoin futures for the Chicago Mercantile Exchange and CBOE. Futures platforms attract a certain type of investor and a consumer-facing investment platform, like the Toronto Stock Exchange–open to all Canadians, attract an entirely different, more inclusive one. Mass adoption and mainstream ownership necessitates an exchange.
This first bitcoin stock exchange is a huge first step for the ecosystem. Custody with Gemini and State Street, the gold standard on Wall Street, is the right way to go.
This getting cleared to have any Canadian citizen to get into the fund is big.
Most definitely. It’ll be interesting to see what amount of traction awaits.
Welp, I guess Musk isn’t too interested in Bitcoin anymore. Did your cryptos get affected by Elon tweets about Tesla? I need to jump on Coinbase and check everything out. I really wish Musk would stop messing with the market.