Share this article
Bitcoin ETF From 3iQ and CoinShares, Canada's 4th, Begins Trading on TSX
A trio of ether ETFs were approved by Canadian regulators last week.
Updated Mar 8, 2024, 4:23 p.m. Published Apr 19, 2021, 1:44 p.m.
A bitcoin exchange-traded fund (ETF) from Canadian digital asset manager 3iQ Corp is now trading on the Toronto Stock Exchange (TSX).
- The “3iQ CoinShares Bitcoin ETF” will trade in Canadian dollars under the ticker BTCQ and in U.S. dollars under the symbol BTCQ.U, the company announced Monday.
- It’s the fourth such bitcoin ETF to trade in the nation of 38 million. Canadian regulators last week approved multiple ether ETFs in a sign of the country’s willingness to serve crypto-curious investors. U.S. regulators, meanwhile, have yet to approve a bitcoin ETF after years of rejected applications.
- Prior to this latest listing, 3iQ already had a bitcoin ETF listed on the TSX. The firm’s CEO, Fred Pye, said it is “another milestone for the 3iQ team, bitcoin enthusiasts and investors across Canada.”
- The management fee for the ETF is 1.00% and 3iQ said it is absorbing any other expenses in excess of 0.25%.
Read more: CoinShares Partners With Canada’s 3iQ to Launch New Bitcoin ETF on TSX
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Stablecoin Adoption Is ‘Exploding' — Here's Why Wall Street Is Going All-In
Alchemy co-founder and president Joe Lau said stablecoin adoption is exploding as banks, fintechs and payment platforms push beyond the USDT/USDC exchange era.
What to know:
- Stablecoin usage is quickly broadening from crypto-native exchanges into payments, payroll and treasury as companies chase 24/7, digital-native settlement, according to Alchemy Co-founder and President Joe Lau.
- Banks are pushing tokenized deposits as a regulated, bank-native alternative that delivers stablecoin-like benefits for institutional clients.
- The endgame is a two-track system — stablecoins for open, two-party settlement; deposit tokens for bank ecosystems, until scale forces convergence and competition, Lau said.
Top Stories
