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The Bitcoin Fund 2020-08-13T19:20:28-04:00

Net Asset Value per Unit as at August 13, 2020:

$13.1121 USD

Net Asset Value per Unit at Inception:

$9.2396 USD

Net Asset Value as at August 13, 2020:

$85,053,637.93 USD

Inception Date:

April 9, 2020

Final Prospectus (EN)
Final Prospectus (FR)
Advisor Portal

Exchange: Toronto Stock Exchange (TSX)

Ticker: QBTC.U

Currency: USD

Units Outstanding: 6,444,157

Units per BTC: 873.34

BTC per Unit: 0.001145039

CUSIP: 09175G104

ISIN: CA09175G1046

Management Fee: 1.95%

Benchmark Index: MVIBTC

Custody Services: Cidel Trust Company

Sub-Custodian: Gemini Trust Company, LLC

Fund Valuation: SGGG Fund Services Inc.

Unitholder Recordkeeping: SGGG Fund Services Inc.

Accounting: SGGG Fund Services Inc.

Auditor: Raymond Chabot Grant Thornton LLP

Legal Counsel: Osler, Hoskin & Harcourt LLP

Net Asset Value per Unit (NAVPU) and Market Price

*Net Asset Value per Unit (NAVPU) is calculated by the Administrator daily as at 4:00pm ET. The Fund’s bitcoin is valued based on the MVIS CryptoCompare Institutional Bitcoin Index (MVIBTC) maintained by MV Index Solutions GmbH (MVIS).

**Market price data is provided by the Toronto Stock Exchange (TSX). Market price reflects the closing price of The Bitcoin Fund on the TSX under the symbol QBTC.U as at 4PM ET. 3iQ Corp does not verify any data and disclaims any obligation to do so. 3iQ Corp, its data or content providers, the financial exchanges and each of their affiliates and business partners (A) expressly disclaim the accuracy, adequacy, or completeness of any data and (B) shall not be liable for any errors, omissions or other defects in, delays or interruptions in such data, or for any actions taken in reliance thereon.

News

3iQ Digital Asset Management Hires Tom Lombardi as Managing Director

August 10th, 2020|

TORONTO, Aug. 10, 2020 (GLOBE NEWSWIRE) -- 3iQ Corp. (3iQ), a Canadian investment fund manager focused on digital assets, is pleased to announce the appointment of Tom Lombardi as Managing Director [...]

3iQ Receives Receipt for The Ether Fund Preliminary Prospectus

July 24th, 2020|

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, July 24, 2020 (GLOBE NEWSWIRE) -- 3iQ Corp. is pleased to announce that The Ether Fund [...]

3iQ’s Bitcoin Fund Completes US$10 Million Offering

June 26th, 2020|

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, June 26, 2020 (GLOBE NEWSWIRE) -- 3iQ Corp. (“3iQ”) is pleased to announce that The [...]

3iQ’s Bitcoin Fund Prices New Issue of Units

June 23rd, 2020|

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, June 23, 2020 (GLOBE NEWSWIRE) -- 3iQ Corp. (“3iQ”) is pleased to announce that The [...]

3iQ’s Bitcoin Fund Files New Issue Prospectus

June 4th, 2020|

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. TORONTO, June 04, 2020 (GLOBE NEWSWIRE) -- 3iQ Corp. (“3iQ”) is pleased to announce that a [...]

3iQ Bitcoin Fund Virtually Opens the Market

May 11th, 2020|

May 11, 2020 | by 3iQ Tags: bitcoin, cryptocurrency See our market opening video at the Toronto Stock Exchange here. Fred Pye, Chief Executive Officer, 3iQ Bitcoin joined Dani Lipkin, Head of Business Development, Innovation Sector, [...]

Proxy Voting

The Bitcoin Fund does not hold securities of any company or other issuer. Therefore, The Bitcoin Fund did not vote any proxies during the regulatory reporting period.

Disclaimer

There are ongoing fees and expenses associated with owning units of The Bitcoin Fund (the “Fund”). The Fund must prepare disclosure documents that contain key information about the Fund. You can find more detailed information about the Fund in the final prospectus. The Fund is not guaranteed, its value change frequently and past performance may not be repeated.

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the Toronto Stock Exchange (TSX). If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them.

The securities of the Fund have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. The final prospectus of the Fund does not constitute an offer to sell or the solicitation of an offer to buy securities of the Fund nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

The Fund is generally exposed to the following risk factors. See the prospectus for a description of these risks: No Assurance in Achieving Investment Objectives, No Listing, Loss of Investment, Fluctuation in Value of Cryptoassets, Concentration Risk, Reliance on the Manager, Reliance on the Cryptoasset Consultant, No Ownership Interest in the Cryptoasset Portfolio, Changes in Legislation, Conflicts of Interest, Valuation of the Fund, Significant Redemptions, Limited Liquidity in the Units, Limited Operating History, Not a Fund Company, Exchange Rate Risk, Liquidity Constraints on Cryptoasset Markets may Impact the Fund’s Holdings, Tax Risk, Risks associated with Investing in Bitcoin, Risks Associated with the Bitcoin Network. There are ongoing fees and expenses associated with owning units of The Bitcoin Fund (the “Fund”). The Fund must prepare disclosure documents that contain key information about the Fund. You can find more detailed information about the Fund in the final prospectus. The Fund is not guaranteed, its value change frequently and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the Toronto Stock Exchange (TSX). If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them. The securities of the Fund have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. The final prospectus of the Fund does not constitute an offer to sell or the solicitation of an offer to buy securities of the Fund nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.

Index (the “Index”) is the exclusive property of MV Index Solutions GmbH and has been licensed for use by 3iQ Corp. (the “Licensee”). MVIS has contracted with CryptoCompare Data Limited to maintain and calculate the Index. CryptoCompare Data Limited uses its best efforts to ensure that the Index is calculated correctly subject to the accuracy of any data that has been provided to it by third parties. Irrespective of its obligations towards MV Index Solutions GmbH, CryptoCompare Data Limited has no obligation to point out errors in the Index to third parties. In particular, MVIS is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on The Bitcoin Fund, an investment trust governed under the laws of the Province of Ontario (the “Product”) or not, are not sponsored, endorsed, sold, or promoted by MVIS, Van Eck Associates Corporation as its parent company or its affiliates (collectively, “VanEck”), and MVIS and VanEck make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MVIS, VanEck and its affiliates make no warranties and bear no liability with respect to licensee.