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Blockchain

3iQ Corp. Launches New Cryptoasset Fund to Provide Exposure to Altcoins

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Not for distribution to U.S. newswire services or for dissemination in the United States.

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, OR INTO OR FROM THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION TO BUY, SUBSCRIBE FOR OR OTHERWISE ACQUIRE ANY SECURITIES OF THE 3iQ GLOBAL CRYPTOASSET FUND IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL.

Toronto, Ontario–(Newsfile Corp. – March 1, 2022) – 3iQ Corp. (3iQ) announced today the launch of 3iQ Global Cryptoasset Fund (the “Fund”). The Fund will continue to invest primarily in bitcoin and ether, similar to its predecessor which merged with the Fund today (the “Merger”), however the Fund will also hold other leading digital assets including Algorand (ALGO), Avalanche (AVAX), Cardano (ADA), Chainlink (LINK), FTX Token (FTT), Polkadot (DOT), Polygon (MATIC), Stellar (XLM), Tezos (XTZ) and Solana (SOL). The Merger was approved by unitholders of the predecessor fund at a special meeting held on February 23, 2022.

The Fund’s portfolio will consist of bitcoin (40%) and ether (25%) with the balance (35%) invested in the other leading digital assets, based on the weighting of such digital assets in the MVIS® CryptoCompare Optimum Global Cryptoasset Index (ticker: MVGCFI) (the “Index”), a market-capitalization based index. The Fund has an exclusive licence to use the Index.

“When we first launched the 3iQ Global Cryptoasset Fund [the predecessor of the Fund], it was one of the first of its kind to offer accredited investors exposure to a diverse portfolio of multiple cryptocurrencies,” said Fred Pye, Chairman and CEO of 3iQ. “And now, we are excited to be expanding our investors’ positions by leveraging the MVIS multi-token index to provide Canadian investors access to key Layer 1 and Layer 2 blockchains and even more diversification within the fund.”

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Media Contact
Tara Christie, 3iQ Corp.
+1 (416) 639-2130
[email protected]

About 3iQ Corp

Founded in 2012, 3iQ Corp. (3iQ) is Canada’s largest digital asset investment fund manager with more than C$2.5 billion in assets under management (as at February 28, 2022). 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund, The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U), and a public ether investment fund, The Ether Fund (TSX: QETH.UN, QETH.U). More recently, 3iQ launched the 3iQ CoinShares Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ CoinShares Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets.

For more information about 3iQ:
Visit us at 3iQ.ca
Follow us on Twitter @3iQ_corp or on Linkedin at https://www.linkedin.com/company/3iq-corp/
Subscribe to our YouTube channel https://www.youtube.com/c/3iQDigitalAssetManagement

Units of the Fund are offered on a private placement basis and only to investors who meet certain eligibility or minimum purchase requirements under applicable securities legislation. Important information about the Fund is contained in the Fund’s confidential offering memorandum, which should be read carefully before investing. The Fund’s confidential offering memorandum is available from 3iQ Corp. Information contained in the Fund’s confidential offering memorandum includes the Fund’s investment objectives, investment strategies, investment restrictions and the risks associated with an investment in the Fund.

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IMPORTANT NOTICES

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED THEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

This announcement should not be distributed, forwarded, transmitted or otherwise disseminated in or into the United States. The Fund’s securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. Neither this announcement, nor the fact that it has been disseminated, shall form the basis of, or be relied upon in connection with, any future information that we distribute.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/115232

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Newsfile is a customer-focused newswire team that delivers press releases and corporate announcements to the global financial community. Approved by all stock exchanges, Newsfile offers broad access to media, analysts, investors and market participants. With agile services, proactive customer care and affordable pricing; Newsfile makes it easy for companies to tell their story to the audiences they need to reach.

Blockchain

CoreNest Capital, Sologenic’s VC partner, invests in Texture, a U.S.-based broker-dealer, to launch SoloTex, a new platform for trading tokenized equities

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Sologenic + Texture = SoloTexAs a result of a strategic partnership between the Sologenic Development Foundation and Texture Capital Inc., a FINRA—and SEC-licensed broker-dealer, SoloTex aims to be the ultimate gateway to tokenizing and trading capital markets on demand.This innovative approach leverages tokenization to introduce features like enhanced liquidity, fractional ownership, and quicker settlement processes, offering a more efficient way to manage and exchange assets.Join the waitlist at SoloTex.com to learn more.

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Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum

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Automotive Finance Strategic Business Report 2024: Global Market to Reach $517.9 Billion by 2030, Fueled by Increasing Preference for Flexible Finance Options, Including Leasing & Subscription Models

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