A Canadian Investment firm 3iQ filed a prospectus for Bitcoin Funds with hopes to attract retail investors with a regulated digital asset fund. The firm announced that it had filed a p<a href="https://www.cryptoknowmics.com/crypto/israel-could-be-the-first-nation-to-adopt-crypto/">reliminary</a> prospectus for a close-end Bitcoin fund; that it anticipates to unveil through the Toronto Stock Exchange later in the year. Fred Pye, the Chief Executive of the firm wrote: :
<blockquote>“We expect to list on the Toronto Stock Exchange in late December or early January. As a part of our next steps, we’re hoping to get Canada’s big banks on board. We’re hoping that two or three of Canada’s biggest banks, specifically ones that want to lead in fin-tech space, will join the syndicate group.”</blockquote>
The Canadian investment funds manager revealed that they filed the Bitcoin fund prospectus regards to an Initial Public offering of both Class A and Class F units each at $10. Pye, a former senior vice president of Fidelity Investments -Canada; highlighted that retail investors have been showing a massive amount of enthusiasm for the 3iQ Bitcoin find. Meanwhile, the investment will also be eligible for retirement savings plans and tax-free savings accounts whose members have registered in Canada. 
<h2>3iQ appealed a negative ruling by Canada’s markets regulator </h2>
Earlier this year, Ontario Securities Commission ruled against 3iQ Bitcoin Fund proposal. Nonetheless, the firm went on to make an appeal to the decision, which it eventually won. Hence, receiving Canada’s markets regulator approval to launch a regulated bitcoin Fnd. At the time, Pye stated: 
<blockquote>“Over the past three years, we have worked actively with the OSC’s Investment Funds and Structured Products Branch to create an investment fund that we hope will allow retail investors the benefits of investing in Bitcoin through a regulated, listed fund.”</blockquote>
<h2>Canadian blockchain industry salaries Highest Paying in the Nation</h2>
The Canadian Digital Chamber of Commerce released a report in October that revealed Canada’s  average annual blockchain salary in Canada. Which is more than $98,000 and certainly making the blockchain industry among the <a href="https://www.investopedia.com/personal-finance/top-highest-paying-jobs/">highest paying industries</a> in the nation. The report went on to state that Canada has positioned itself to become a global leader in blockchain and innovation.

Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund

Canadian Investment firm 3iQ filed a prospectus for Bitcoin Funds with hopes to attract retail investors with a regulated digital asset fund.

Richard is a versatile fintech analyst with a deep understanding of blockchain domains. As much as technology fascinates him, he finds the intersection of both technology and finance mind-blowing. The firm belief that fintech will drive the future has brought him to the crossroads of Fintech discoveries and transmission of immutable data to a wider audience.

Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund

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