Express

3iQ's Bitcoin Fund Will Soon Start In-Kind Annual Redemptions

Mary Liu

Summary: 3iQ, an investment fund management company based in Canada, announced on Monday that the in-kind annual redemptions for its Bitcoin fund (QBTC) will soon available.  Holders of 20,000 shares or more who have opened accounts with Gemini Trust Company, the sub-custodian of the fund, can redeem their ETFs in exchange for Bitcoin with the consent ...

3iQ, an investment fund management company based in Canada, announced on Monday that the in-kind annual redemptions for its Bitcoin fund (QBTC) will soon available. 

Holders of 20,000 shares or more who have opened accounts with Gemini Trust Company, the sub-custodian of the fund, can redeem their ETFs in exchange for Bitcoin with the consent of the fund manager.

Bitcoins delivered based on physical redemption will be valued based on the unit’s net asset value, and the fund’s first annual redemption date is the first business day after June 15, 2021.

By Mary Liu

Last Update:

Tags: ,,
Link: 3iQ's Bitcoin Fund Will Soon Start In-Kind Annual Redemptions   [Copy]
Next:

Related Articles

  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago

    • You need to login to comment.