October 30 – November 4, 2019 | Special Edition: The Bitcoin Fund

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

In-Depth Coverage and Leading Stories

3iQ’s announcement brought thought-provoking insights:

Bloomberg Law – Bitcoin Trust Wins Go-Ahead in Canada After 3-Year Fight
Bitcoin.com – OSC Commissioner Debunks Arguments Against Bitcoin, Green-Lights Bitcoin Fund
Osler – OSC clears path for publicly traded bitcoin investment fund
Financial Post – 3iQ’s “the Bitcoin Fund” Receives Favourable Ruling From Ontario Securities Commission Panel

Coverage by Crypto, Law, and Financial News Media

3iQ’s announcement made headlines in crypto, law, and financial news media:

CoinDesk – Canadian Fund Manager to List Bitcoin Fund on Major Stock Exchange
CoinTelegraph – Canadian Markets Regulator Gives 3iQ Green Light to Offer Bitcoin Fund
TheBlock – Investment fund manager 3IQ receives ‘favourable ruling’ from Ontario Securities Commission for bitcoin fund
NewsBTC – Regulated Bitcoin Fund Coming to Canada Following Battle with Securities Commission
AMB Crypto – Bitcoin fund offered by 3iQ Corp. gets thumbs up from Canadian regulators
Cryptopolitan – 3iQ bitcoin fund receives the nod from Canadian market regulators
Crowdfund Insider – Canadian Investment Fund Manager 3iQ Corp Receives Favorable Ruling on Bitcoin Fund
TokenPost – 3iQ to list bitcoin fund on major Canadian stock exchange after favourable ruling from OSC
Coinfomania – Hold on SEC! Canadian Fund Manager 3iQ to List Bitcoin Fund on Stock Exchange
CoinSpeaker – 3iQ to Launch Closed-End Bitcoin Fund for Retail Investors in Canada
CryptoSlate – 3iQ expects to launch Bitcoin ETF this quarter after “favorable” ruling from Canada’s top securities regulator
CanTech Letter – 3iQ’s “The Bitcoin Fund” Receives Favourable Ruling From Ontario Securities Commission Panel
Law360 – Gemini-Backed 3iQ Bitcoin Fund Set To Launch In Canada
Lexology – OSC clears path for publicly traded bitcoin investment fund
Wealth Professional – 3iQ’s Bitcoin fund gets OSC green light
Advisor’s Edge – Bitcoin fund approved by OSC – Regulator calls Bitcoin a “novel asset in an emerging and evolving market”
Investment Executive – OSC approves Bitcoin investment fund – 3iQ Corp.’s Bitcoin Fund was originally rejected by the regulator’s staff
Yahoo Finance – Investment fund manager 3IQ receives ‘favourable ruling’ from Ontario Securities Commission
Canada.com – Canadian retail investors get first chance to invest in regulated, publicly traded bitcoin fund after 3iQ wins battle with OSC
The Province – Canadian retail investors get first chance to invest in regulated, publicly traded bitcoin fund after 3iQ wins battle with OSC
The Vancouver Sun – Canadian retail investors get first chance to invest in regulated, publicly traded bitcoin fund after 3iQ wins battle with OSC
Windsor Star – Canadian retail investors get first chance to invest in regulated, publicly traded bitcoin fund after 3iQ wins battle with OSC
CryptoInsiders (Dutch) – 3iQ krijgt goedkeuring voor Bitcoin (BTC) ETF op grote Canadese beurs
BTCDirect (Dutch) – Bitcoin fonds eerst op grootste aandelenbeurs van Canada, daarna wereldwijd
BTC-ECHO (German) – Kanada: Geschlossener Bitcoin-Fonds in der Mache
CryptoHamster (Russian) – Канадский регулятор рынка дал 3iQ зеленый свет, чтобы предложить биткоин-фонд
BitsMedia (Russian) – 3iQ получил одобрение регулятора на запуск инвестиционного фонда на биткоин
TheNodist (Korean) – 캐나다 3iQ, 비트코인 펀드 온타리오 증권위원회에서 허가 받아
CoinReaders (Korean) – 캐나다 자산운용사 ‘3iQ’, 비트코인 펀드 판매 승인…”새로운 투자기회 제공”

Top Tweets

3iQ’s announcement took the crypto Twitter community by storm.

Anthony Pompliano
https://twitter.com/APompliano/status/1189659297795301377

Tyler Winklevoss
https://twitter.com/tylerwinklevoss/status/1189632764888469504

CoinTelegraph
https://twitter.com/Cointelegraph/status/1189686691134525440

3iQ Corp
https://twitter.com/3iq_corp/status/1189621825325551616

CoinDesk
https://twitter.com/coindesk/status/1189660756549214209

Gemini Trust Company
https://twitter.com/Gemini/status/1189630405621751809

The Block
https://twitter.com/TheBlock__/status/1189647784338763776

Magdalena Grownowska
https://twitter.com/Crypto_Mags/status/1189629107237277708

Gabor Gurbacs
https://twitter.com/gaborgurbacs/status/1189624025879924736

Jan Van Eck
https://twitter.com/JanvanEck3/status/1189663350562664448

 

Broadcast by BNN Bloomberg

3iQ’s President joined BNN Bloomberg to discuss the firm’s victory.

Watch the full interview with Fred Pye here.

 

Updates from 3iQ Partners and Suppliers

3iQ’s Partners and Suppliers covered 3iQ’s victory in further detail.

Osler – OSC clears path for publicly traded bitcoin investment fund
Catallaxy – New mandate in the digital asset industry in Canada
Raymond Chabot Grant Thornton – The country’s first regulated cryptocurrency fund

3iQ Bitcoin Trust (Class A) : NAV as at November 1, 2019

Underlying cryptoasset prices sourced from Bloomberg.View charts and more fund data at here.

3iQ Global Cryptoasset Fund (Class A): NAV as at November 1, 2019

Underlying cryptoasset prices sourced from Bloomberg.View charts and more fund data at here.

3iQ Corp. (“3iQ”) is the first Canadian investment fund manager to agree to terms and conditions with the Canadian securities regulatory authorities which permit 3iQ to manage a multi-cryptoasset investment fund available to Canadian accredited investors. 3iQ provides accredited investors with exposure to bitcoin, ether, and litecoin through its 3iQ Global Cryptoasset Fund.

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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.

IMPORTANT INFORMATION:

This website page is prepared and issued by 3iQ Corp (ARBN 655771010) (3iQ), a Corporate Authorized Representative (No. 001296524) of Perpetual Corporate Trust Limited (ACN 000 341 533) AFSL 392673. This website page provides general information only and is not intended to provide you with financial advice, and has been prepared without taking into account your objectives, financial situation or needs. You should consider the product disclosure statement (PDS) and target market determination (TMD), available at www.3iq-au.com , prior to making any investment decisions. If you require financial advice that takes into account your personal objectives, financial situation or needs, you should consult your licenced or authorised financial advisor. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. Neither 3iQ or Perptual guarantees repayment of capital or any particular rate of return from the Funds. Past performance is not indicative of future performance.

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Fred Pye

Frederick T. Pye

CHAIRMAN, CHIEF EXECUTIVE OFFICER & DIRECTOR

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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.