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Cryptocurrency News Articles

3iQ Partners with CoinDesk Indices to Make the CoinDesk 20 Index Available in Several Fund Structures Globally

Sep 16, 2024 at 11:02 pm

This partnership marks a milestone in 3iQ's mission to bring clients innovative investment products and provide global investors desired access to a diversified digital asset portfolio

3iQ Partners with CoinDesk Indices to Make the CoinDesk 20 Index Available in Several Fund Structures Globally

3iQ Corp. (“3iQ”), a pioneer in digital asset management, today announced a partnership with CoinDesk Indices, a leading provider of digital asset indices since 2014, to make the CoinDesk 20 Index available in several fund structures globally, starting with CoinDesk 20 SP (the “Fund”), a Segregated Portfolio Company of 3iQ Investment Partners SPC.

This partnership marks a milestone in 3iQ’s mission to bring clients innovative investment products and provide global investors desired access to a diversified digital asset portfolio as they seek to expand their exposure beyond bitcoin.

The collaboration continues the relationship between two trusted organizations with expertise in offering investor access and choice. Designed for scalability, the CoinDesk 20 tracks the performance of top digital assets, applying a capped market capitalization-weighted methodology to improve diversification, similar to major equity indexes. The Fund will follow all 20 constituents in the index.

“CoinDesk Indices provides a highly liquid and tradeable means to access digital assets,” said Pascal St-Jean, President & CEO of 3iQ. “Advisors have an appetite for digital assets but don’t have the conviction to track assets beyond Bitcoin. This offering opens up broad-based exposure as they seek a diversified digital asset portfolio.”

“The CoinDesk 20 has been embraced by leading market-making firms, unlocking the digital asset opportunity in one step,” said Alan Campbell, President of CoinDesk Indices. “We are thrilled 3iQ will enable investors worldwide to access the CoinDesk 20, addressing the growing need for diversified digital asset exposure.”

3iQ will leverage its extensive experience by utilizing multiple custodians and staking providers. The Fund will offer monthly liquidity, and 3iQ will be waiving the management fee for the first 6 months.

For more information on 3iQ, and to be the first to know about updates regarding the Fund’s launch, visit www.3iq.io/cd20.

To learn more about CoinDesk 20, visit www.coindesk.com/indices/coindesk20.

Founded in 2012, 3iQ is one of the world’s leading digital asset investment fund managers, offering investors convenient and familiar investment products to gain exposure to digital assets. 3iQ Corp., 3iQ’s affiliated company, was the first Canadian investment fund manager to offer public bitcoin investment funds: The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) and the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U), as well as public Ether investment funds: The Ether Fund (TSX: QETH.UN) (TSX: QETH.U) and the 3iQ Ether Staking ETF (TSX: ETHQ) (TSX: ETHQ.U). To learn more about 3iQ, visit 3iq.io.

Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A portfolio company of the Bullish group, our indices form the foundation of the world’s largest digital asset products. Known for their precision and compliance, flagships such as the CoinDesk Bitcoin Price Index (XBX) and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner. Discover more at coindeskmarkets.com.

This press release is for informational and educational purposes only and is only intended for investors who are located outside of the United States and are not U.S. persons (as defined in Regulation S under U.S. Securities Act of

News source:cryptomode.com

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