Toronto, Ontario–(Newsfile Corp. – June 7, 2022) – 3iQ Digital Asset Management (3iQ), is pleased to announce the launch in Australia of the 3iQ CoinShares Bitcoin Feeder ETF (the Bitcoin ETF) and the 3iQ CoinShares Ether Feeder ETF (the Ether ETF), both of which have commenced trading on Cboe Australia.
The Bitcoin ETF and the Ether ETF aim to provide investors with exposure to bitcoin and ether, respectively, and the daily price movements of the U.S. dollar price of underlying crypto asset and the opportunity for potential long-term capital growth. Units of both ETFs are available for purchase in Australian dollars.
Both of these ETFs is domiciled in Australia and acts as a ‘feeder fund’ giving investors access to the 3iQ CoinShares Bitcoin ETF and the 3iQ CoinShares Ether ETF (together, the Underlying ETFs), respectively, both of which are listed on the Toronto Stock Exchange.
The Underlying ETFs invest in long-term holdings of bitcoin and ether, respectively, purchased from bitcoin/ether exchanges and OTC trading counterparties vetted by 3iQ, in order to provide investors with a convenient, simpler alternative to a direct investment in bitcoin/ether.
Investing in the 3iQ Australian ETFs offers a range of benefits for Australian investors which includes the following:
- Access to 3iQ’s deep experience and expertise in digital asset investments: 3iQ was founded in 2012 and is Canada’s first, and largest, investment fund manager to manage a public bitcoin and ether investment fund
- Transparent costs and risk mitigation when compared with buying, holding and selling bitcoin/ether at a digital asset trading platform or through opening an individual digital asset wallet that supports the cryptocurrency
- Liquidity through trading on Cboe and daily redemption of units
- Dual regulated fund structure, with the Australian ETFs subject to regulation in Australia, and the Underlying ETFs subject to regulation in Canada
- Historically, one of the lowest tracking errors amongst digital asset-based ETFs in Canada
Fred Pye, Chairman and CEO of 3iQ, commented, “We are delighted to launch the 3iQ CoinShares Bitcoin Feeder ETF and the 3iQ CoinShares Ether Feeder ETF on the Cboe today. Our ETFs give retail and institutional investors regulated access to the digital asset market, providing a safer alternative to a direct investment in cryptocurrencies. 3iQ is one of the oldest and largest digital asset managers in the world and we now manage over C$1.7 billion in crypto assets, our experience and knowledge in the space provides investors with unparalleled crypto investment solutions.”
About 3iQ Corp.
Founded in 2012, 3iQ Corp. (3iQ) is Canada’s largest digital asset investment fund manager with more than C$1.7 billion in assets under management . 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)(TSX: 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
E: [email protected]
P: +1 (416) 639-2130
Neither the 3iQ CoinShares Bitcoin Feeder ETF nor the 3iQ CoinShares Ether ETF are being offered for sale in Canada. Please read the prospectus of the 3iQ CoinShares Bitcoin ETF and the 3iQ CoinShares Ether ETF (the “Underlying ETFs”) before investing in the Underlying ETFs. Important information about the Underlying ETF is contained in the prospectus. Copies of the prospectus may be obtained from 3iQ Corp. or at www.sedar.com.
You will usually pay brokerage fees to your dealer if you purchase or sell units of the Underlying ETF on a stock exchange or other alternative Canadian trading system (an “exchange”). If units of the Underlying ETF are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.
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. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. The Underlying ETF’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.
Not for distribution to Australian or U.S. newswire services or for dissemination in Australia or 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 Australia or 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 3iQ CoinShares Bitcoin ETF or 3iQ CoinShares Ether ETF in any jurisdiction in which any such offer or solicitation would be unlawful.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/126690