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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

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