Canada include the bitcoin.

[Peanutswar]

Photo created by First Public Bitcoin Fund Listed on Toronto Stock Exchange

Today there is a piece of good news, the Canadian assets 3IQ corp is now supporting the use of the bitcoin on their Toronto Stock Exchange (TSX) after getting the approval on the day of April 10 the twin entrepreneur "The Winklevoss twins" support the exchange of this bitcoin fund. The TSX is one of the largest stock exchanges in Canada that can gain more than $97 billion of there trade. What is it all about? This helps a lot to the market price of the bitcoin because if one of the exchanges accepts this kind of transaction many people will now buy a lot of coins with their fiat currency and it causes to increase rapidly the bitcoin. Also, this project gets helps a lot of people to recognize the use and the benefits of the bitcoin, this kind of news will bring up the bitcoin price again.

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https://cointelegraph.com/news/first-public-bitcoin-fund-listed-on-toronto-stock-exchange

[Latviand]

Today there is a piece of good news, the Canadian assets 3IQ corp is now supporting the use of the bitcoin on their Toronto Stock Exchange (TSX) after getting the approval on the day of April 10 the twin entrepreneur "The Winklevoss twins" support the exchange of this bitcoin fund. The TSX is one of the largest stock exchanges in Canada that can gain more than $97 billion of there trade.

This good news will make us become more optimistic about the mass adoption of bitcoin in every part of the world. Canada is considered as one of the first world countries, it is more likely that their economy will soon grow more as they start to put bitcoin into their TSX. It is not easy to manipulate bitcoin because of its volatility but the benefit of exchanging bitcoin can give you a profit. That's true that TSX is one of the most popular and biggest stock exchanges in their country and they will never experience a hard time having a trades. Many people are supporting this TSX and credits to "The Winklevoss twins" for supporting bitcoin.

What is it all about? This helps a lot to the market price of the bitcoin because if one of the exchanges accepts this kind of transaction many people will now buy a lot of coins with their fiat currency and it causes to increase rapidly the bitcoin. Also, this project gets helps a lot of people to recognize the use and the benefits of the bitcoin, this kind of news will bring up the bitcoin price again.

As that I've said, this mass adoption will make bitcoin more popular and people will know the advantages and benefits of using bitcoin in many transactions. It is easy to use and less hassle as this digital currency is user-friendly and can also give them big profits if you have good predictions. If they will invest their fiat currency to bitcoin then it is a good thing because, although bitcoin is volatile, I guarantee you that it will somehow give you a profit from time to time. Also this will be a good way for the promotion and advertisement of bitcoin.

[michellee]

That is great news for bitcoin. One more give supports to bitcoin, and I think soon, the other will supports too. The mass adoption still on the process and I think we are seeing good progress in this year, especially when we cannot go out from our homes. So the chance for bitcoin and the other coins accepted will be open. But that will need approval from each government and until that time, we can save more bitcoin from now on. We will see new people from that market trying to invest their money in the crypto market too, and that can bring new hope for crypto.

[so98nn]

snip

Thats something from Australia.

However, there had been many good news like this in the past but they have not affected the bitcoin price sufficiently enough to move upwards !

AS far as I have experienced there was only one time when bitcoin went crazy and that was in 2017. Some of the striking reasons can be read here : https://www.coindesk.com/900-20000-bitcoins-historic-2017-price-run-revisited

Pretty sure that your news will impact bitcoin in coming days. But for now, market is more or less being driven by Economic Crisis situation (COVID effect).

[DooMAD]

As that I've said, this mass adoption will make bitcoin more popular and people will know the advantages and benefits of using bitcoin in many transactions.

Forgive my cynicism, but I don't count this as "adoption".  Trading these speculative assets is not the same as transacting with actual BTC.  People aren't learning anything about Bitcoin when they're dealing with something more analogous to stocks and shares.

[cryptoaddictchie]

Forgive my cynicism, but I don't count this as "adoption".  Trading these speculative assets is not the same as transacting with actual BTC.  People aren't learning anything about Bitcoin when they're dealing with something more analogous to stocks and shares.

I guess you have a point. Well they did add bitcoin on their official stocks exchange, but the fact that the addition of bitcoin doesnt mean they are learning something about it hence it more goal is to expand the trading above the stocks they are currently doing so.

I am not negative about this news, but somehow this can wider the visibility of bitcoin as it will be known on their country. Just do hope those can appreciate it are those outside the trading circle and instead focusing on trading it going to use it like we all want. Natural adoption for bitcoin.

[tsaroz]

And it has nothing much to do with Toronto stock exchange. The company 3iQ created a fund tied to bitcoin and listed it on TSX for trading.
Though it would not directly led to bitcoin adoption, regular traders being introduced to volatility of bitcon linked fund would drag their interest to bitcoin trading itself.

[josephsonand]

Forgive my cynicism, but I don't count this as "adoption".  Trading these speculative assets is not the same as transacting with actual BTC.  People aren't learning anything about Bitcoin when they're dealing with something more analogous to stocks and shares.

You are right, of course. However bitcoin will already be visible in official circles thanks to this. Then it will be possible to talk about something more.

[Twinkledoe]

Forgive my cynicism, but I don't count this as "adoption".  Trading these speculative assets is not the same as transacting with actual BTC.  People aren't learning anything about Bitcoin when they're dealing with something more analogous to stocks and shares.

I guess you have a point. Well they did add bitcoin on their official stocks exchange, but the fact that the addition of bitcoin doesnt mean they are learning something about it hence it more goal is to expand the trading above the stocks they are currently doing so.

I am not negative about this news, but somehow this can wider the visibility of bitcoin as it will be known on their country. Just do hope those can appreciate it are those outside the trading circle and instead focusing on trading it going to use it like we all want. Natural adoption for bitcoin.

More visibility means there will always be individuals that will be interested to check on bitcoin. For those who don't have any idea on how to deal with bitcoin, they will start studying it or even search for it. And while looking at this option, they might be drawn to its benefits and advantages. So who knows, with this move, it will attract more crypto users? If the option is already there, then they have the option to try it. They can always go back to their usual method anyway.

[grimico33]

Canada quickly develops cryptocurrencies and is positive about their implementation in the common system. Not in vain Canada is considered one of the best countries to live in.

[verita1]

I think it is good news. If it has any positive effect, we will know very soon, just as this action could be repeated in other nations.
BTCitcoin is drawing a lot of attention to investors in the current situation that is not easy. Covid19's effects are already being reflected in the global economy.

[pooya87]

it is "mass adoption" if people adopted bitcoin itself and started using that to pay for stuff on their daily lives. but when they are only focusing on trading bitcoin like this case where it is listed on a stock exchange (where people would only buy and sell it not use bitcoin) we can't really get that excited about it. that would just bring more speculators around and could even increase the volatility.

[Wexnident]

Good news for traders. More people would induce changes in price and would probably boost it up quite well. Still though, I doubt it would induce that much of a change since most traders have probably know how to trade BTC anyway, and this is just adding a new platform for it. Plus, just like what @pooya87 said, this doesn't really introduce any of the advantages that BTC itself has. It still views BTC as an investment, not an asset. I just hope that even with that though, more people would recognize what BTC is. Even if they do view at as an investment at first, as long as their views are widened while being exposed to it, Alls well that ends well I guess.

[davis196]

Good news for traders. More people would induce changes in price and would probably boost it up quite well. Still though, I doubt it would induce that much of a change since most traders have probably know how to trade BTC anyway, and this is just adding a new platform for it. Plus, just like what @pooya87 said, this doesn't really introduce any of the advantages that BTC itself has. It still views BTC as an investment, not an asset. I just hope that even with that though, more people would recognize what BTC is. Even if they do view at as an investment at first, as long as their views are widened while being exposed to it, Alls well that ends well I guess.

And what's the difference between investment and asset?People are investing in assets.
Most of the people,who are investing into Bitcoin have expectations about future profits.Buying an asset is buying the opportunity of future profits.Do you think that any investor will buy BTC,just because he likes the concept?No!All they want is profit,and there's nothing wrong with that.
Like other forum members said.This isn't actual BTC adoption,it's derivative trading,which won't help for boosting the BTC price,so I couldn't care less about this news coming from Canada.

[figmentofmyass]

i skimmed the prospectus but i can't find this basic info: what is the underlying BTC value of a share? it's really obnoxious how hard 3iq makes it to find basic information about the underlying. everything in the prospectus is priced in USD, and the total fund value in the prospectus is obviously out of date.

based on the last traded price vs spot, it looks like ~ 0.0015 BTC, but if it trades anything like GBTC then that doesn't properly account for the premium.

1.95% annual management fee, charged monthly. super expensive, just like GBTC. i suggest holding spot BTC instead.....

[batang_bitcoin]

We can still count this as good news as they recognize bitcoin and starts to trade it. The beginners will learn a lot from this when they already trade or hold bitcoin. The use of it will comes next if ever they understood the basics and importance of owning, transacting and why many people choose to hold it for long term purposes. Still a positive news rather than hearing negative news about people bashing bitcoin and saying that it's old, outdated and useless.

[coolbaughandrew]

Fantastic news for Bitcoin and the whole community. One small step towards mass adoption + upcoming halving = Bitcoin turning bullish soon!

[Assface16678]

For me, this is good news too because it is a stepping stone and introduction to the world of bitcoin because came from the people who are knowledgeable about the bitcoin and become rich they are now using the bitcoin as widely transaction and also it has low transaction fee, and it is easier to unlike the fiat currency ( this is just my perspective only ) also we are heading towards to the world of bitcoin, and we can now make a lot of earnings while the halving is coming, so it is better to be wisely collect bitcoin as much as possible to get more income but still always make aware because the price is still volatile.

[Twentyonepaylots]

Forgive my cynicism, but I don't count this as "adoption".  Trading these speculative assets is not the same as transacting with actual BTC.  People aren't learning anything about Bitcoin when they're dealing with something more analogous to stocks and shares.

I guess you have a point. Well they did add bitcoin on their official stocks exchange, but the fact that the addition of bitcoin doesnt mean they are learning something about it hence it more goal is to expand the trading above the stocks they are currently doing so.

It is not about the adoption anymore, if a lot of people value a piece rock then maybe they will also add it to their stock list. It is about expanding in along with the trend, a lot of people called it a bubble because of high volatility rate and the price is very unpredictable due to decentralization but guess what, we have bitcoin for a very long time although the price keeps on spiking but the fact that it is not getting low beyond $3K range is what the deciding factor of it to be added in the stocks.

I am not negative about this news, but somehow this can wider the visibility of bitcoin as it will be known on their country. Just do hope those can appreciate it are those outside the trading circle and instead focusing on trading it going to use it like we all want. Natural adoption for bitcoin.

Well you guys sounds so negative with it, let us just be glad that bitcoin is slowly climbing, I hope other country will come up to this too.

[kryptqnick]

The Winklevoss have been supporters of Bitcoin for a long time, and they've done a lot to promote it. This is a good win for them after all those ETF proposal rejections. I have mixed feelings about it, though. So Bitcoin is now on a Stock exchange, but stock traders are a special kind of people, and I am sure they won't care much about Bitcoin, just whether it's going to rise or fall. And Bitcoin really is not stock... At the same time, Bitcoin seems quite alright whereas stock is down significantly with no prospects of growth in the near future, right? So if this starts working immediately, it could push stock traders to sell what they have and buy BTC instead which could give a boost of price.