💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Canada Has First Regulated Bitcoin Fund, FBC Bitcoin Trust Can be Traded on NEO Connect

Published 09/10/2018, 01:38 PM
Updated 09/10/2018, 02:41 PM
 Canada Has First Regulated Bitcoin Fund, FBC Bitcoin Trust Can be Traded on NEO Connect
BTC/USD
-

Toronto-based NEO Connect announced on Monday that the First Block Capital Bitcoin Trust (FBC Bitcoin Trust) was available on its platform. The fintech company claims it to be Canada’s first Bitcoin fund and the only regulated investment product of its kind. The FBC Bitcoin Trust, the flagship product of Vancouver-based First Block Capital, is open exclusively to accredited investors. They can store the fund units in a self-directed registered account like a Tax-free savings account (TFSAs) or a Registered Retirement Savings Plan (RRSP).

The new product can be found on the NEO Connect platform under the ticker FBCBT. The platform distributes 46 funds from three asset management firms across 15 dealer networks.

First Block Capital co-founder and CEO Sean Clark commented:

“At First Block, we provide investment exposure to Bitcoin by removing the compl...


This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.