3iQ Partners with CoinDesk Indices to Enhance Digital Asset Investment

3iQ Corp. Collaborates with CoinDesk Indices for Global Investment

In an exciting move for digital asset investors, 3iQ Corp. has partnered with CoinDesk Indices to introduce new funds that track the CoinDesk 20 Index. This collaboration brings a fresh avenue for investors looking to diversify their portfolios beyond the widely recognized bitcoin market.

Innovative Fund Structures and Investment Opportunities

The newly formed partnership aims to make the CoinDesk 20 Index available in various fund structures worldwide. This initiative starts with the launch of CoinDesk 20 SP, a Segregated Portfolio Company under the 3iQ Investment Partners SPC. It signifies a strategic effort by 3iQ to provide innovative investment products that meet the needs of clients in the ever-evolving digital asset landscape.

Understanding the CoinDesk 20 Index

The CoinDesk 20 Index is designed to track the performance of a selection of top digital assets, employing a market capitalization-weighted methodology. This method enhances portfolio diversification, similar to major equity indexes, by providing a more balanced exposure to the digital asset market. Investors looking to navigate this complex environment will find the Fund's design particularly appealing.

Expert Insights into the Partnership

Industry leaders are optimistic about the benefits this partnership will bring. According to Pascal St-Jean, President & CEO of 3iQ, the demand for digital assets is at an all-time high. However, many advisors feel uncertain about tracking assets beyond bitcoin. By offering the CoinDesk 20, 3iQ is effectively broadening the investor's exposure to a variety of digital assets, empowering them to make more informed investment decisions.

Market Reception and Future Prospects

Alan Campbell, President of CoinDesk Indices, echoed St-Jean’s sentiments, noting that leading market-making firms have embraced the CoinDesk 20. This collaboration with 3iQ is set to unlock new opportunities for investment on a global scale. Investors will be better positioned to access diversified digital assets through a streamlined and trusted platform.

Commitment to Investor Accessibility

In addition to offering diversified exposure, 3iQ is well-equipped to support its investors through extensive experience and partnerships with multiple custodians and staking providers. Notably, the Fund will provide monthly liquidity, making it accessible for investors. Furthermore, to encourage participation, 3iQ will waive the management fee for the first six months following the launch.

Staying Updated with 3iQ’s Developments

As 3iQ embarks on this pioneering journey, staying informed is essential for potential investors. Regular updates on the Fund's launch and more information can be accessed through 3iQ's official website, ensuring that interested parties remain in the loop on all developments.

About 3iQ Corp

Founded in 2012, 3iQ has rapidly become one of the leading managers of digital asset investment funds globally. They have revolutionized how investors gain exposure to cryptocurrencies by offering familiar and accessible investment products. Their portfolio includes Canada’s first public bitcoin investment funds, such as The Bitcoin Fund (TSX: QBTC) and the 3iQ Bitcoin ETF (TSX: BTCQ).

About CoinDesk Indices

CoinDesk Indices has played a significant role in advancing the digital asset sector since its inception in 2014. As a portfolio company under the Bullish group, CoinDesk Indices is recognized for its reliable indices that underpin a vast array of digital asset products. Their flagship product, the CoinDesk Bitcoin Price Index (XBX), along with the CoinDesk 20 Index, shapes industry benchmarks, thereby fostering investor confidence.

Frequently Asked Questions

What is the main goal of the partnership between 3iQ and CoinDesk Indices?

The partnership aims to make the CoinDesk 20 Index available in various fund structures globally, enhancing accessibility for investors looking to diversify their portfolios.

What is the CoinDesk 20 Index?

The CoinDesk 20 Index tracks the performance of top digital assets using a market capitalization-weighted methodology, providing better diversification similar to major equity indexes.

How can investors benefit from the new Fund?

Investors will have access to diversified exposure to digital assets beyond bitcoin, along with the added benefit of monthly liquidity and the waiver of management fees for the first six months.

Who can invest in the CoinDesk 20 SP Fund?

The Fund is open to a broad range of investors who are looking to take advantage of diversified digital asset options.

When will the CoinDesk 20 SP Fund be launched?

While specific launch dates are yet to be confirmed, investors can stay updated through 3iQ's official communication channels.

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