Bitcoin Fund 3iq Corp reached a market cap of over 1 billion CAD

The Canadian Bitcoin fund, 3iq Corp (TSX: QBTC.U), listed on the Toronto Stock Exchange, reached a market cap of more than 1 billion CAD (approximately 785 million USD) on January 14.

It was the first bitcoin fund to be listed in Canada, and 3iQ had to spend three years talking with the Ontario Securities Commission before receiving approval.

On Monday, Arxnovum Investments Inc. filed an application for “Arxnovum Bitcoin ETF” to register for listing the fund on the Toronto Stock Exchange under the code “BIT.U.”