March 27 – April 2, 2020 | 3iQ Receives Receipt for The Bitcoin Fund Final Prospectus, Bitcoin as a Diversifier, and More

North iQ Weekly Newsletter is curated to provide insights on digital asset industry developments, market announcements, and performance analysis.

3iQ Receives Receipt for The Bitcoin Fund Final Prospectus

Globe Newswire | April 2, 2020

3iQ Corp. is pleased to announce that The Bitcoin Fund (the “Fund”) has filed with the securities regulatory authorities in all of the Canadian provinces and territories of Canada and received a receipt for its final prospectus in relation to an initial public offering of Class A Units and Class F Units at a price of US$10.00 per unit (the “Offering”). The Toronto Stock Exchange (“TSX”) has conditionally approved the listing of the Class A Units under the symbol “QBTC.U”, subject to the fulfillment of TSX requirements. Class F Units will not be listed on a stock exchange but will be reclassified as Class A Units immediately upon the closing of the Offering.

Read the full press release


Diversification is the “Only Free Lunch” in These Markets

Advisor Perspectives| March 27, 2020

While both traditional and alternative asset markets have descended into turmoil this past month, it’s important to remember the strength of a diversified portfolio and the power of non-correlated assets. According to an article on Advisor Perspectives, adding bitcoin exposure to several different traditional portfolio strategies dramatically increased risk-adjusted returns. “A small addition of BTC to each portfolio dramatically improved its efficiency, raising risk-adjusted returns in every strategy while raising volatility only moderately”.

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GitHub Is Burying Bitcoin Code Inside an Arctic Mountain to Ride Out the Next 1,000 Years

CoinDesk| April 1, 2020

Github, the leading online repository for software and development version control, is looking to archive “technological history” within an icy mountain in Norway’s Scalbard, an inhabitable artic archipelago. As part of its archiving program, critical software code such as Bitcoin Core will be copied onto film reels and stored in steel containers in efforts to keep the data unscathed for up to 1000 years. Most cryptocurrency projects stored on GitHub will be included in the archive which is expected to occur in late April.

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Binance Acquires CoinMarketCap for an Estimated $400 Million

Decrypt | April 2, 2020

The major cryptocurrency exchange Binance has recently acquired CoinMarketCap, one of the most popular public destinations for checking cryptocurrency prices, trading data, and coin market capitalizations. The purchase was made for an undisclosed sum; however, some rumors suggest that the acquisition cost Binance around $400 million USD. “Personally, I am always skeptical of any deal that can in any way affect the ‘neutrality’ of any reporting system where one party (even potentially) has an interest in that system as here, especially as I’m not even entirely clear what they stand to gain precisely,” said Jason Deane, an analyst at Quantum Economics.

Read the full article


Castle Island Ventures: Bitcoin is an Option on a Store of Value

Castle Island Ventures| March 27, 2020

According to Castle Island Ventures, bitcoin is “exceptionally well positioned” to weather-out the storm currently facing traditional markets. In a recent newsletter, the firm highlights that “Bitcoin is an Option on a store of value (SOV)”, comparing it to a Series B investment in a potential non-sovereign store of value given its current market capitalization of around $120 billion USD. The firm suggests that due to this phenomenon, it behaves more like a “risk-asset” for now, as its market infrastructure remains nascent and fragmented, with most exchanges and custodians being in the “embryonic” stage.

Read the full article

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Disclaimer

This Weekly Cryptoasset Newsletter is for informational purposes only and does not constitute, either explicitly or implicitly, any provision of services or products by 3iQ Corp (“3iQ”). Investors should determine for themselves whether a particular service or product is suitable for their investment needs or should seek such professional advice for their particular situation.3iQ Corp. makes no representation or warranty to any investor regarding the legality of any investment, the income or tax consequences, or the suitability of an investment for such investor. All content is original and has been researched and produced by 3iQ unless otherwise stated therein. No part of the content may be reproduced in any form, or referred to in any other publication, without the express written permission of 3iQ. All statements made regarding companies, securities or other financial information contained in the content or articles relating to 3iQ are strictly beliefs and points of view held by 3iQ and are not endorsements of any company or security or recommendations to buy or sell any security. No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. By visiting and/or otherwise using the 3iQ website in any way, you indicate that you understand and accept the terms of use as set forth on the website and agree to be bound by them. If you do not agree to the terms of use of the website, please do no access the website or any pages thereof. Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with 3iQ with respect to any linked site or its sponsor, unless expressly stated by 3iQ. Any such information, products or sites have not necessarily been reviewed by 3iQ and are provided or maintained by third parties over whom 3iQ exercises no control. 3iQ expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites. The information contained herein, while obtained from sources believed to be reliable, is not guaranteed as to its accuracy or completeness and confers no right on purchasers. Past performance of cryptoassets is not indicative of future performance and should not be used to forecast any return that an investor may realize.

Fred Pye

Frederick T. Pye

CHAIRMAN, CHIEF EXECUTIVE OFFICER & DIRECTOR

Frederick T. Pye is the Chairman, Chief Executive Officer and Director of 3iQ Corp. He is also the Chairman and Director of 3iQ Digital Holdings Inc. Mr. Pye is recognized for creating and promoting creative and unique investment products for the investment industry.

Mr. Pye has managed private client portfolios with Landry Investment Management and various other investment dealers. Prior to this Mr. Pye was Founder, President & Chief Executive Officer of Argentum Management and Research Corporation, a company dedicated to managing and distributing quantitative investment portfolios including the first long-short mutual fund in Canada.

He was also Senior Vice-President and National Sales Manager of Fidelity Investments Canada and an integral part of the team that saw assets rise from $80 million to over $7.5 billion in assets under management during his tenure. He also held various positions with Guardian Trust Company, which listed the first Gold, Silver and Platinum Certificates on the Montreal Exchange.

Mr. Pye obtained a Masters in Business Administration from Concordia University.