Topic: [2017-09-24] DCEBrief - The ‘Pot of Gold’ in the Canadian FBC Bitcoin Trust (Read 2345 times)
September 25, 2017, 01:32:49 PM
The ‘Pot of Gold’ in the Canadian FBC Bitcoin Trust
Approved by the B.C. Securities Commission, as well as registered in the province of Ontario, the Canadian FBC Bitcoin Trust is the first registered cryptocurrency investment fund in the country. Created by the co-founders of First Block Capital , the trust will allow for the ease of access to bitcoin investing that is badly needed within an industry that has seen many potential investors forced to sit on the sidelines. The open-end investment fund will track the market price of bitcoin, and be offered to accredited investors in a private placement offering through GMP Securities L.P. at the end of September.
Using traditional investment vehicles is key to reaching the mainstream investor. These investors are looking for exposure to bitcoin, but may not be interested in taking on the multi-step tasks, or have the required technical knowledge, to purchase, store, and secure cryptocurrencies. These traditional financial products also allow for more flexibility in retirement and income tax planning, among other things. Once the trust units have been purchased, they can be transferred to a self-directed RRSP (Registered Retirement Savings Plan) or TFSA (Tax Free Savings Account).
Read the full story - https://dcebrief.com/the-pot-of-gold-in-the-canadian-fbc-bitcoin-trust/
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