Canada Has First Regulated Bitcoin Fund, FBC Bitcoin Trust Can be Traded on NEO Connect

Toronto-based NEO Connect announced on Monday that the First Block Capital Trust (FBC Bitcoin Trust) was available on its platform. The fintech company claims it to be Canada’s first Bitcoin fund and the only regulated investment product of its kind. The FBC Bitcoin Trust, the flagship product of Vancouver-based First Block Capital, is open exclusively to accredited investors. They can store the fund units in a self-directed registered account like a Tax-free savings account (TFSAs) or a Registered Retirement Savings Plan (RRSP).

The new product can be found on the NEO Connect platform under the ticker FBCBT. The platform distributes 46 funds from three asset management firms across 15 dealer networks.

First Block Capital co-founder and CEO Sean Clark commented:

“At First Block, we provide investment exposure to Bitcoin by removing the compl…

This article appeared first on Cryptovest

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