Gibraltar Stock Exchange
3iQ’s The Bitcoin Fund (TSX:QBTC.U) – The world’s first regulated and major exchange traded bitcoin fund
Toronto, Canada, Sept. 29, 2020 (GLOBE NEWSWIRE) — (Toronto Stock Exchange: QBTC.U) 3iQ Corp. (“3iQ”) has today announced the listing of 3iQ’s The Bitcoin Fund on the Gibraltar Stock Exchange, a subsidiary of the Global Stock Exchange (GSX) Group, debuting one of the world’s first regulated and exchange-traded bitcoin funds on a European regulated exchange.
3iQ is one of the leading Canadian investment fund managers focused on investing in disruptive technologies and digital assets. Having previously been approved by the Ontario Securities Commission and listed and traded on the Toronto Stock Exchange – a top 10 global exchange – The Bitcoin Fund is designed to provide investors with institutional level access to Bitcoin without the burden of buying and safekeeping coins, while unearthing unique opportunities for long-term capital appreciation. A leading crypto platform Gemini is fulfilling the custodian functions of the bitcoins held in the fund. Aaron Payas, Partner at Hassans law firm in Gibraltar, and his team have acted as legal advisor to 3iQ and prepared the listing documentation. Fort Capital Solutions, based in London, shall be assisting 3iQ in future capital raises in the UK and other jurisdictions and can be contacted for further information.
Fred Pye, President and CEO of 3iQ said, “Finally, sovereign wealth funds, pension funds, and the many reputable financial institutions that are restricted to buying licensed, regulated, major exchange-listed products, now have access to the world’s only regulated, exchange-traded in Canada, publicly listed bitcoin fund. Being listed on the Gibraltar Stock Exchange extends the reach of The Bitcoin Fund within the burgeoning European digital assets market, and continues the groundswell of momentum that has defined 3iQ’s exciting progress during the first half of 2020.”
Commenting on the announcement, Nick Cowan, CEO of the Gibraltar Stock Exchange said, “Today’s announcement provides further demonstrable evidence of innovative asset classes becoming accessible through mainstream investment vehicles which in turn leads to increased adoption and we welcome 3iQ to GSX and Gibraltar.”
The GSX offers the benefits of listing on a regulated and recognized stock exchange, aiming to enhance marketability and tax efficiency for issuers and investors of GSX listed products. The GSX operates two markets, the GSX Main Market and the GSX Global Market, which represent two core business lines within the wider GSX Group. The GSX Main Market operates as an EU regulated market as defined in the Markets in Financial Instruments Directive (MiFID) while the GSX Global Market operates as an MTF.
“Following their recent high-profile listing on the Toronto Stock Exchange, the 3iQ team are no strangers to leading the charge and successfully engineering genuine industry-first milestone moments. I’m pleased that together, we can continue this trend of extending the benefits of bitcoin and digital assets more broadly to new categories of investors,” concluded Cowan.
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About 3iQ
Founded in 2012, 3iQ is a Canadian investment fund manager focused on providing investors with exposure to digital assets, disruptive technologies and the blockchain space. 3iQ was the first Canadian investment fund manager to agree to terms and conditions with the Canadian securities regulatory authorities to manage a public bitcoin investment fund and multi-cryptoasset fund for Canadian accredited investors. Access to these new technologies can be daunting, costly, and inconvenient. 3iQ has worked through a stringent regulatory process to offer investors convenient and familiar investment products to gain exposure to digital assets.
About GSX Group
The GSX Group is transforming capital markets, through its integrated proprietary blockchain technology solutions and comprehensive fintech ecosystem of companies. The aim of the GSX Group is to enhance the interoperability of traditional financial structures and generate greater adoption, towards a new-era of blockchain powered finance.
Issuer & Media Contact
3iQ Corp
Fred Pye — President and CEO
E: fred.pye@3iQ.ca
P: +1 (416) 639-2130
Broker Contact
Fort Capital Solutions
Philip Young – CEO
E: philip.young@fortcapital.co.uk
P: +44 7498 300233
Disclaimer
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. The prospectus contains important information relating to these securities. Copies of the prospectus may be obtained from Fort Capital Solutions, LTD. or any of the Agents. Investors should read the prospectus before making an investment decision. Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. In particular, this news release includes forward-looking information relating to the anticipated completion of the Offering. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including the failure to close the transactions referenced in this news release on the terms and conditions currently contemplated by the Fund, or at all, as well the risk factors identified in the Fund’s prospectus. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy in the United States or to, or for the account or benefit of, persons in the United States or U.S. Persons nor shall there by any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. This press release is not for distribution in the United States newswire services or for dissemination in the United States.
Nicole Reid 3iQ Corp. (514)702-5759 nicole@3iq.ca