Canada launched the first regulated bitcoin trust

[Paha87]

Canadian regulated bitcoin trust has received the status of a mutual Fund, allowing you to invest in bitcoin pension savings and funds from deposits. Investments are approved by the Ontario securities Commission and The British Columbia securities Commission.

First Block Capital Inc. announced that its advanced product, FBC Bitcoin Trust,"has now reached the status of a mutual trust Fund."

Thus, the company now offers the "first and only" investment product approved by the Ontario securities Commission (OSC) and The British Columbia securities Commission (BSC), offering "unit holders the exclusive opportunity to invest in bitcoin through tax-free savings accounts (TFSA) and Registered retirement plans (RRSP)."

Noting that investments are only available to accredited investors, the company explained:

Trusts are considered qualified investments held through mutual funds in accordance with Tax law and may not exceed 150 units per person within one year of the Fund's launch.

The firm describes itself as" Canada's first fully registered, specially protected investment company working with blockchain and cryptocurrency", which is a licensed dealer (EMD), portfolio investment Manager (PM) and investment Fund Manager (IFM).

Co-founder and chief investment officer of the company Marc van der CIS told:

Our goal is to make investments in the digital currency class more accessible, and we are now one step closer to achieving this goal by allowing unit holders to place funds in state-managed units and ensuring their daily liquidity.

Two more products on the way
In addition to the bitcoin trust, First Block Capital plans to launch two investment products to use the company's funds that are in the xapo repository.

The first is Active Blockchain Opportunities ETF, which is an"actively managed ETF designed to uncover the best companies working with this global theme." Another product is the Cryptocurrency Index Fund, which tracks the performance of the tokens chosen by the firm's management team.

The company explains :" the evaluation of the choice of the token in our index Fund is mainly determined by the development of its technology, market capitalization and market liquidity. The goal is to provide investors with a transparent benchmark in this new asset class."

Link to information resource - https://altstake.io/news/v-kanade-zapuschen-pervyy-reguliruemyy-bitkoin-trast