Last month, we reported that the Acting Director (Director) of the Ontario Securities Commission (OSC) declined to issue a receipt for a prospectus for 3iQ’s planned bitcoin fund. On March 15, the fund manager applied to the OSC for a hearing and review of this decision. In its application to the OSC, the manager submitted, among other things, that the Director erred in applying more stringent requirements for custody, liquidity and valuation than those that apply to other public mutual funds. The hearing is scheduled for April 3. We’ll keep you posted on the outcome.