3iQ and CoinDesk Indices Collaborate to Launch Funds Globally That Track the CoinDesk 20 Index
16 Septiembre 2024 - 7:02AM
Business Wire
3iQ Corp. (“3iQ”), a pioneer in digital asset management, today
announced it has partnered with CoinDesk Indices, a leading
provider of digital asset indices since 2014, to make the CoinDesk
20 Index available in several fund structures globally, starting
with CoinDesk 20 SP (the “Fund”), a Segregated Portfolio Company of
3iQ Investment Partners SPC.
This partnership marks a milestone in 3iQ’s mission to bring
clients innovative investment products and provide global investors
desired access to a diversified digital asset portfolio as they
seek to expand their exposure beyond bitcoin.
The collaboration continues the relationship between two trusted
organizations with expertise in offering investor access and
choice. Designed for scalability, the CoinDesk 20 tracks the
performance of top digital assets, applying a capped market
capitalization-weighted methodology to improve diversification,
similar to major equity indexes. The Fund will follow all 20
constituents in the index.
"CoinDesk Indices provides a highly liquid and tradeable means
to access digital assets," said Pascal St-Jean, President & CEO
of 3iQ. "Advisors have an appetite for digital assets but don’t
have the conviction to track assets beyond Bitcoin. This offering
opens up broad-based exposure as they seek a diversified digital
asset portfolio.”
“The CoinDesk 20 has been embraced by leading market-making
firms, unlocking the digital asset opportunity in one step,” said
Alan Campbell, President of CoinDesk Indices. “We are thrilled 3iQ
will enable investors worldwide to access the CoinDesk 20,
addressing the growing need for diversified digital asset
exposure.”
3iQ will leverage its extensive experience by utilizing multiple
custodians and staking providers. The Fund will offer monthly
liquidity, and 3iQ will be waiving the management fee for the first
6 months.
For more information on 3iQ, and to be the first to know about
updates regarding the Fund’s launch, visit www.3iq.io/cd20.
To learn more about CoinDesk 20, visit
www.coindesk.com/indices/coindesk20.
About 3iQ Corp
Founded in 2012, 3iQ is one of the world’s leading digital asset
investment fund managers, offering investors convenient and
familiar investment products to gain exposure to digital assets.
3iQ Corp., 3iQ’s affiliated company, was the first Canadian
investment fund manager to offer public bitcoin investment funds:
The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) and the 3iQ Bitcoin ETF
(TSX: BTCQ) (TSX: BTCQ.U), as well as public Ether investment
funds: The Ether Fund (TSX: QETH.UN) (TSX: QETH.U) and the 3iQ
Ether Staking ETF (TSX: ETHQ) (TSX: ETHQ.U). To learn more about
3iQ, visit 3iq.io.
About CoinDesk Indices
Since 2014, CoinDesk Indices has been at the forefront of the
digital asset revolution, empowering investors globally. A
portfolio company of the Bullish group, our indices form the
foundation of the world's largest digital asset products. Known for
their precision and compliance, flagships such as the CoinDesk
Bitcoin Price Index (XBX) and the CoinDesk 20 Index set the
industry standard for measuring, trading, and investing in digital
assets. With tens of billions of dollars in benchmarked assets,
CoinDesk Indices is a trusted partner. Discover more at
coindeskmarkets.com.
3iQ Disclaimer:
This press release is for informational and educational purposes
only and is only intended for investors who are located outside of
the United States and are not U.S. persons (as defined in
Regulation S under U.S. Securities Act of 1933, as amended). The
information contained herein is not and should not be considered to
be any of the following: investment advice or investment research;
a solicitation, offer, or recommendation to sell or buy any
specific asset, strategy, product, or program; or legal, tax, or
other advice. The purchase of cryptocurrency or an interest in a
pooled investment vehicle investing in cryptocurrency is
speculative and involves a high degree of risk and should be
undertaken only by individuals whose experience allows them to
evaluate the risks of such an investment, whose financial resources
are sufficient to enable them to bear the economic risks of their
purchase for an extended period of time, and who can afford a
significant or entire loss of the value of those assets. 3iQ has no
obligation to update, modify or amend this press release or to
otherwise notify a reader thereof in the event that any matter
stated herein changes or subsequently becomes inaccurate.
CoinDesk Indices Disclaimer:
CoinDesk is a portfolio company of the Bullish group. CoinDesk
Indices, Inc. ("CDI") does not sponsor, endorse, sell, promote or
manage any investment offered by any third party that seeks to
provide an investment return based on the performance of any index.
CDI is neither an investment adviser nor a commodity trading
advisor and makes no representation regarding the advisability of
making an investment linked to any CDI index. CDI does not act as a
fiduciary. A decision to invest in any asset linked to a CDI index
should not be made in reliance on any of the statements set forth
in this document or elsewhere by CDI. All content contained or used
in any CDI index (the "Content") is owned by CDI and/or its
third-party data providers and licensors, unless stated otherwise
by CDI. CDI does not guarantee the accuracy, completeness,
timeliness, adequacy, validity or availability of any of the
Content. CDI is not responsible for any errors or omissions,
regardless of the cause, in the results obtained from the use of
any of the Content. CDI does not assume any obligation to update
the Content following publication in any form or format. © 2024
CoinDesk Indices, Inc. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20240916079053/en/
For media inquiries: Greg Jawski, Allison Worldwide:
greg.jawski@allisonworldwide.com
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