3iQ Launches Australia’s Third Bitcoin ETF With A Unique Structure Today

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  • 3iQ released a bitcoin ETF on Australia’s Cboe Exchange today which serves as a mutual fund of bitcoin holdings.
  • The fund will not hold bitcoin directly.
  • The CoinShares Bitcoin Feeder ETF will have the lowest fee structure available in Australia.

3iQ Corporation, the largest and oldest digital asset investment fund manager in Canada, has launched a new bitcoin exchange traded fund (ETF) on Cboe exchange in Australia, via a press release from the company.

The CoinShares Bitcoin Feeder ETF (Cboe: BT3Q) will give investors access to the spot price of bitcoin through what 3iQ refers to as an “underlying fund.” It will have the lowest fee structure among bitcoin ETFs in Australian markets (1.20%).

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