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Cryptocurrency News Articles
3iQ Corp. Announces 2025 Annual Redemption for The Bitcoin Fund
Apr 17, 2025 at 05:01 am
This announcement and the information contained herein is restricted and is not for release, publication, or distribution, in whole or in part, directly or indirectly
TORONTO , April 16, 2025 /CNW/ – 3iQ Corp (TSXV: IQYC) (OTCQB: IIQCF) (“3iQ”), is reminding holders of units (the “Units”) of The Bitcoin Fund (TSX: QBTC) (the “3iQ Fund”) of the upcoming annual redemption. In 2025, a redemption for cash (USD) at 100% of net asset value per Unit will be available. The annual redemption date of the 3iQ Fund is June 16, 2025.
Unitholders electing to exercise their redemption right must submit a redemption request, no later than 5:00 p.m. EST on May 15, 2025 (the “cut-off”) to The Canadian Depository for Securities Limited (“CDS”) through their investment dealer. Unitholders should note that their investment dealer may require additional time in order to be able to submit a redemption notice through CDS in time to meet the cut-off and should therefore contact their investment dealer well in advance of the cut-off time.
3iQ will not offer conversions to the 3iQ Bitcoin ETF or in-kind redemptions in 2025.
About 3iQ
Founded in 2012, 3iQ is one of the world’s leading alternative digital asset managers, pioneering institutional-grade investments. 3iQ launched the world’s first Digital Assets Managed Account Platform (QMAP), a hedge fund investment solution offering innovative risk managed investment solutions to gain exposure to digital assets. 3iQ was also the first to launch a Bitcoin ETP listed on a major global stock exchange, has the 3iQ Bitcoin ETF (TSX: BTCQ) and offers other regulated ETPs. In 2024, Monex Group, a leading Japanese financial group, took a majority stake in 3iQ. Since 2012, 3iQ has been at the forefront of innovation in digital asset investment management. To learn more about 3iQ visit 3iq.io.
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Contact Information
Pascal St. Jean – President & CEO
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P: +1 (416) 639-2130
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