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Bitcoin Fund Units Class A T.QBTC

Technology
The Bitcoin Fund (the Fund) is a Canada-based closed-ended investment fund. The investment objectives of the Fund are to seek to provide unitholders of the Fund with exposure to the digital asset bitcoin (bitcoin) and the daily price movements of the United States dollar price of bitcoin, and the opportunity for long-term capital appreciation. The Fund invests in long-term holdings of bitcoin, purchased from reputable bitcoin trading platforms and OTC counterparties, in order to provide investors with a convenient, safer alternative to a direct investment in bitcoin.


TSX:QBTC - Post by User

Bitcoin Fund Units Class A
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Post by insidersnoop1on Dec 01, 2020 2:07pm
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Post# 32010827

BREAKING NEWS...........

BREAKING NEWS...........
BlockFi partners with Visa to launch bitcoin rewards credit card
2020-12-01 01:09:55 PM ET (Reuters)
   
   

Dec 1 (Reuters) - Cryptocurrency startup BlockFi said on Tuesday it would partner with Visa Inc, Evolve Bank and credit card firm Deserve to offer a credit card that lets users earn bitcoin on purchases.

Card users will receive a 1.5% cashback on an accrual basis for every transaction made through the card, which will then be converted to bitcoin and placed into a BlockFi account in a regular monthly cycle.

The service will initially be offered only in the United States and the shipping of cards will start in spring next year, BlockFi said in a blog https://blockfi.com/join-the-waitlist-for-the-worlds-first-ever-bitcoin-rewards-credit-card post.

The move by BlockFi comes after PayPal Holdings Inc in October said https://www.reuters.com/article/paypal-cryptocurrency-int-idUSKBN2762D5 it would allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies, a move which could help bitcoin and rival crypto currencies gain wider adoption as viable payment methods.

Bitcoin has surged about 160% this year, fueled by demand for riskier assets amid unprecedented fiscal and monetary stimulus, interest in assets perceived as resistant to inflation and expectations that cryptocurrencies will win mainstream acceptance. (Reporting by Sohini Podder in Bengaluru; Editing by Amy Caren Daniel)

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