from Canada first and largest digital asset investment fund manager, 3iQ, launches two crypto ETFs in Australia with the lowest fee structure currently available in Australia
3iQ CoinShares Bitcoin Feeder ETF (the Bitcoin ETF) (ticker: BT3Q) and 3iQ CoinShares Ether Feeder ETF (the Ether ETF) (ticker: ET3Q) are listed today on Cboe
Both ETFs are domiciled in Australia and will act as a “feeder fund” providing access to the 3iQ CoinShares Bitcoin ETF and 3iQ CoinShares Ether ETF in Canadaoffering a dual structure of regulated funds
The funds offer exposure to daily price movements of the underlying crypto asset’s US dollar price movement and 3iQ currently has the lowest tracking errors among digital asset-based ETFs in Canada
SYDNEY, June 7, 2022 /PRNewswire/ — 3iQ Digital Asset Management (3iQ), is pleased to announce the launch of the 3iQ CoinShares Bitcoin Feeder ETF (the Bitcoin ETF) (ticker: BT3Q) and the 3iQ CoinShares Ether Feeder ETF (the Ether ETF) (ticker: ET3Q), which will begin trading on Cboe today. The Bitcoin ETF and Ether ETF leverage 3iQ’s deep experience in managing funds invested in cryptocurrencies.
The Bitcoin ETF and Ether ETF aim to provide investors with exposure to bitcoin and ether, respectively, and daily price movements in the US dollar price of the underlying crypto assets and the possibility of growth long-term capital potential. Units of both ETFs are available for purchase in Australian dollars.
3iQ will list the two funds with the lowest fee structure available in Australia, with a total management expense ratio of 1.20%. Additionally, 3iQ offers a three-month management fee waiver.
Each of these ETFs is domiciled at Australia and acts as a “feeder fund” giving investors access to the 3iQ CoinShares Bitcoin ETF and 3iQ CoinShares Ether ETF, respectively, both domiciled in Canada (together, the underlying ETFs) and 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 3iQ-approved OTC trading counterparties, to provide investors with a convenient alternative and simpler to a direct bitcoin/ether investment. An investment in 3iQ Australian ETFs eliminates the need for investors to set up digital asset portfolios to gain exposure to bitcoin and ether and provides them with an institutional-grade custodian solution to oversee protocols crypto security.
The Trust Company (RE) Services Limited (ABN 45 003 278 831; AFSL No 235150), part of Perpetual, has been named as the responsible entity for the Bitcoin ETF and the Ether ETF.
Investing in 3iQ Australian ETFs offers a range of benefits, including:
Access to 3iQ’s deep experience and expertise in digital asset investments: 3iQ was founded in 2012 and is from Canada first and largest investment fund manager to manage a public bitcoin and ether investment fund
Transparent costs and risk mitigation compared to buying, holding and selling bitcoin/ether on a digital asset trading platform or by opening an individual digital asset portfolio that supports cryptocurrency
Liquidity through trading on Cboe and daily redemption of units
A dual-regulated fund structure, with Australian ETFs subject to dual regulation Australiaand the underlying ETFs subject to regulation in Canada
Historically, one of the lowest tracking errors among digital asset-based ETFs in Canada
Fred PieChairman and CEO of 3iQ commented “We are delighted to launch the 3iQ CoinShares Bitcoin Feeder ETF and 3iQ CoinShares Ether Feeder ETF on the Cboe today. Our ETFs offer retail and institutional investors regulated access to the digital asset market, providing a safer alternative direct investment in cryptocurrencies. 3iQ is one of the oldest and largest digital asset managers in the world and we now manage over A$1.8 billion in crypto assets. Our experience and our knowledge in the field provides investors with unparalleled crypto investment solutions.”
There are risks associated with investing in cryptocurrency-based products. These products are considered very high risk and investors should carefully assess their risk profile and seek their own financial advice before investing. Any potential investor should consider the latest product disclosure statement for Bitcoin ETF and Ether ETF before deciding whether to acquire or continue to hold an investment in these funds.
Both Bitcoin ETF and Ether ETF are available for investment on Cboe through a stockbroker or online brokerage account.
For more information, please visit the 3iQ Digital Asset Management website (3iq-au.com)
Founded in 2012, 3iQ Corp. (3iQ) is from Canada the largest digital asset investment fund manager that provides investors with convenient and familiar investment products to gain exposure to digital assets. 3iQ is the investment manager of the 3iQ CoinShares Bitcoin Feeder ETF and the 3iQ CoinShares Ether Feeder ETF.
3iQ was incorporated under the Canada Business Corporations Act on July 9, 2012. 3iQ is appointed corporate officer (n° 001296524) of Perpetual Corporate Trust Limited (ABN 99 000 341 533; AFSL n° 392673) and is registered at Australia as an overseas company ARBN 655 771 010. The Trust Company (RE) Services Limited, as the entity responsible for each Sub-Fund, has appointed 3iQ as Investment Manager. 3iQ is also the trustee and manager of the underlying ETFs.
This communication was prepared by 3iQ Corp. (ARBN 655771010) (3iQ), an authorized representative (no. 001296524) of Perpetual Corporate Trust Limited (ACN 000 341 533) AFSL 392673 and issued by The Trust Company (RE Services) Limited (ABN 45 003 278 831, AFSL 235 150 ) (perpetual) which is the responsible entity and the issuer of the units of the 3iQ CoinShares Bitcoin Feeder ETF (ARSN 656 935938) and the 3iQ CoinShares Ether Feeder ETF (ARSN 656 937 325) (the funds). 3iQ is the investment manager of the Funds.
This document provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances. Before making any investment decision, you should assess whether the material is right for you and obtain financial advice tailored to your needs based on your individual goals, financial situation, needs and situation.
Any prospective investor should consult the latest product disclosure statement for each Fund before deciding whether to acquire or continue to hold an investment in the Funds. A copy of the PDS of each Sub-Fund is available on the 3iQ website: www 3iQ-au.com. A target market determination for each Fund, which defines the category of consumers who make up the target market for the relevant Fund, is available at www.3iQ-au.com. An investment in crypto and digital type currencies and assets or related exposures should be considered very risky. The value or return of an investment will fluctuate and investors could lose some or all of their investment. For more details on investment risks, please see Section 5 of the PDS. Before investing in the Funds, investors should carefully consider the risks associated with an investment in the Funds and seek financial advice to assess their level of risk appetite and determine whether an investment in the Funds is suitable for their objectives. , their financial situation and their needs. To the extent permitted by law, no liability is accepted for any loss or damage arising from reliance on this information. Neither 3iQ nor Perpetual guarantees return of capital or any particular rate of return for the Funds. Past performance is not indicative of future performance.
3iQ, its officer, employees and agents believe that the information contained in this document and the sources on which the information is based (which may come from third parties) are correct as of the date of publication. While every effort is made to ensure the accuracy of the information contained herein, its accuracy, reliability or completeness is not guaranteed.
Neither 3iQ nor Perpetual guarantees return of capital or any particular rate of return for the Funds. Past performance is no guarantee of future performance. The performance of the Fund is not guaranteed by 3iQ or any other person. 3iQ makes no representations or warranties as to the reliability, completeness or accuracy of the information contained herein. To the extent permitted by law, neither Perpetual nor 3iQ accepts responsibility for any errors or omissions in, or any loss resulting from, reliance on the information contained herein.
This document may contain certain forward-looking statements regarding the Funds. These forward-looking statements involve known and unknown risks, uncertainties and other factors which, by their nature, may cause the actual results or performance of the Funds to be materially different from the results or performance expressed or implied by these forward-looking statements. These forward-looking statements are based on numerous assumptions, which may not be reasonable, and are not guarantees or predictions of future performance. No representation is made that any of these statements or forecasts will occur or that any anticipated results will be achieved, or that there is a reasonable basis for any of these statements or forecasts.
SOURCE 3iQ Digital Asset Management