3iQ — The Bitcoin Fund (TSX: QBTC)
Toronto, Oct. 19, 2020 (GLOBE NEWSWIRE) — 3iQ Corp. (“3iQ”) is pleased to announce that the Class A Units of The Bitcoin Fund will commence trading in Canadian dollars on the Toronto Stock Exchange on October 22, 2020 under the symbol “QBTC.” The Class A Units will trade under their existing CUSIP number. “Finally, Canadian investors have the opportunity to trade The Bitcoin Fund in their native currency and through their locally dominated accounts, thus eliminating the interminable costs and albeit hassle of converting currencies” says Fred Pye, President & CEO of 3iQ.
The Bitcoin Fund’s investment objectives are to provide holders of units with exposure to bitcoin and the opportunity for long-term capital appreciation. The Bitcoin Fund acquires assets from reputable and regulated bitcoin trading platforms and OTC counterparties, in order to provide investors with a convenient, secure alternative to a direct investment in bitcoin. We believe an investment in bitcoin will provide investors with a low-correlated asset class, which will complement traditional investment strategies.
Additionally, 3iQ is excited to welcome Christopher Matta to the company as Managing Director of Sales and Trading, effective October 19th, 2020. Chris is the President and Founder of the Blockchain Association of New Jersey, which advocates for innovative regulatory leadership and enterprise collaboration for the cryptocurrency space. He is the former co-founder of Crescent Crypto, an asset management firm focused on creating innovative investment solutions to bring the cryptocurrency asset class to institutional and mainstream investors. Prior to Crescent, Chris was a Vice President at Goldman Sachs where he managed assets for the Goldman Sachs Philanthropy Fund and Trust Comp. Chris reveals that he is “excited to be joining 3iQ at this pivotal time as the company is rapidly expanding, launching new and innovative products that will make digital asset investing more secure and accessible through a regulated offering.”
About 3iQ
Founded in 2012, 3iQ is a Canadian investment fund manager focused on providing investors with exposure to digital assets, disruptive technologies and the blockchain space. 3iQ was the first Canadian investment fund manager to agree to terms and conditions with the Canadian securities regulatory authorities to manage a public bitcoin investment fund and multi-cryptoasset fund for Canadian accredited investors. Access to these new technologies can be daunting, costly, and inconvenient. 3iQ has worked through a stringent regulatory process to offer investors convenient and familiar investment products to gain exposure to digital assets.
Disclaimer
The Bitcoin Fund (the “Fund”) is offered pursuant to a prospectus, which…
Read more:CORRECTION: 3iQ’s The Bitcoin Fund Offers Trading Denominated in Canadian Dollars
