Canada’s first and only bitcoin fund obtains mutual fund status
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Investors of the BC Bitcoin Trust can now put their holdings into registered accounts such as a Tax-Free Savings Account and Registered Retirement Savings Plan. The BC Bitcoin Trust is traded on NEO Connect, a fund distribution platform, and is only available to accredited investors. Mutual-fund status makes trading BC Bitcoin Trust as efficient and easy as trading ETFs. (Source: BusinessInsider)
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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