3iQ Corp Reports On Global Cryptoasset Fund

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The 3iQ Corp announced recently that it has obtained an approval from the Canadian Securities regulators including the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA) to take up the role of a Portfolio Manager and Investment Fund Manager allowed to be investing in various crypto assets.

The company’s Global Cryptoasset Fund units would be made available to all the accredited investors, advisors, and dealers through Fundserv and other institutions. The fund will allow a direct investment of the three leading cyptoassets which include Bitcoin, Ethereum, and Litecoin. The 3iQ expects to launch its first close in the next few weeks.

Frederick Pye CEO of 3iQ commented that the company has worked harder to offer a concrete, low-cost, and safe method for accredited and institutional investors to take the first position in the new and expanded asset class.

The company is also delighted to offer the new product together with its partners to bring a wide range of digital assets to the financial institutions and accredited investors. The fund have various has a network of partners including the lead consultancy from the ARK-Invest in New York City, an institutional level of security, and expert trading with well-established trading companies to access liquidity in the entire cryptoasset space.

The bitcoin price has increased from $1,000 at the beginning of 2017 to about $20,000 towards the end of the year. While many cryptocurrency market analysts have warned of a possible bubble bitcoin seems to be the main thing of late.

With the rising concern of cryptocurrency funds, there are only a few auditors that are really experts in the field of selecting asset class. Majority of investors in the digital market do not quite understand the crypto funds as many strive to get into the industry. Hence having a team of experts with foundational information in the key areas is a prerequisite to managing the successful crypto fund business.