Yesterday, First Block Capital Inc, a Canadian blockchain and cryptocurrency investment company, announced that its Bitcoin (BTC) trust has achieved mutual fund status in Canada. Due to this, it allows investors to place funds in registered accounts such as Registered Retirement Savings Plans (RRSP) or Tax-Free Savings Accounts (TFSA).
Bitcoin Mutual Fund
Block’s FBC Bitcoin (BTC) trust allows qualified investors to gain exposure to BTC without having to buy, store or manage the cryptocurrency. These trust units are considered a qualified investment for a mutual fund trust under the Tax Act.
“Since inception, First …
Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges.