Investment firm First Block Capital has partnered with crowdfunding platform FrontFundr to launch the Canadian Bitcoin Trust. Rather than directly buy and secure bitcoin, Canadian investors can buy units of the trust, starting at CAD$500 ($$30 billion). The option is likely to be popular among investors who want to enter the market through traditional investment channels without needing the technical knowhow that buying bitcoin can require.
Investment firm First Block Capital has partnered with crowdfunding platform FrontFundr to launch the Canadian Bitcoin Trust. Rather than directly buy and secure bitcoin, Canadian investors can buy units of the trust, starting at CAD$500 ($400). The option is likely to be popular among investors who want to enter the market through traditional investment channels without needing the technical knowhow that buying bitcoin can require.