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The Bitcoin Fund by 3iQ Completes Private Placements


The Bitcoin Fund by

iCrowdNewswire   Jan 6, 2021  12:13 PM ET

The Bitcoin Fund (the “Fund”) is pleased to announce the Fund has completed private placements in November and December 2020, approved by the Toronto Stock Exchange (the “TSX”), aggregating 730,836 and 1,487,986 Class A units of the Fund (“Units”), respectively. Following a four-month holding period, investors in the private placements may elect to sell their Units on the TSX. Units are listed on the TSX under the symbol QBTC.

The Fund seeks to provide unitholders of the Fund with (a) exposure to the digital currency bitcoin and the daily price movements of the U.S. dollar price of bitcoin and (b) the opportunity for long-term capital appreciation.

The Fund acquires assets from reputable bitcoin trading platforms and OTC counterparties, in order to provide investors with a convenient and safer alternative to a direct investment in bitcoin. Gemini, a trust company licensed by the New York State Department of Financial Services, acts as sub-custodian of the Fund’s assets. 3iQ believes an investment in bitcoin will provide investors with a low-correlated asset class which will complement traditional investment strategies.

3iQ is the investment fund manager and portfolio manager of the Fund.

About 3iQ Corp.

Founded in 2012, 3iQ Corp. (“3iQ”) is Canada’s largest digital asset investment fund manager with more than C$900 million in assets under management. 3iQ was the first Canadian investment fund manager to offer a public listed bitcoin investment fund, The Bitcoin Fund. Gaining access to digital assets such as bitcoin can be daunting, costly, and inconvenient. 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets. For more information about 3iQ and The Bitcoin Fund, visit www.3iQ.ca or follow us on Twitter @3iQ_corp.

Contact Information
Fred Pye – Chairman and CEO
E: fred.pye@3iQ.ca
P: +1 (416) 639-2130



Contact Information:

Fred Pye - Chairman and CEO
E: fred.pye@3iQ.ca
P: +1 (416) 639-2130








Tags:    Wire, Disclosure Newswire, United States, English