3iQ cryptoasset fund joins TSX’s mutual fund platform

3iQ Corp.’s Global Cryptoasset Fund has joined TSX NAVex, Toronto Stock Exchange’s mutual fund platform.

The fund, which will trade under the symbol TiQGC, offers exposure to cryptocurrencies including Bitcoin, Ethereum, and Litecoin. In January 2018, 3iQ was the first to become an OSC and CSA-approved crypto fund. The fund is structured as a trust, and will invest directly in bitcoin, ether, and litecoins through a passive investments strategy.

“We are proud to launch our Global Cryptoasset Fund on TSX NAVex, which will give investors and their advisors daily liquidity and considerably easier access to the first fund in Canada to invest directly in multiple cryptocurrencies,” said 3iQ Corp. President and CEO Fred Pye.

TSX NAVex can be accessed through the Toronto Stock Exchange (TSX), and streamlines the distribution and bulk trading of a wide range of fund products. The 3iQ Global Cryptoasset Fund is the first listing on TSX NAVex, which invests directly and exclusively in the cryptoasset space.

“We are witnessing digital assets becoming more mainstream. The diversification characteristics of cryptoassets, along with strict regulatory compliance, offer this new asset class a place in most investment portfolios. We look forward to working with TSX NAVex to continue providing the most secure regulated platform available for Canadian investors to gain cryptoasset exposure.”