Index to underlie the Bitcoin Fund on Toronto Stock Exchange
Today, MV Index Solutions GmbH (MVIS®) announced the licensing of the MVIS CryptoCompare Institutional Bitcoin Index (MVIBTC) to 3iQ Corp. for their Bitcoin Fund (ticker: QBTC/U CN). With MVIS’ index as underlying, 3iQ now offers a Bitcoin Fund listed on Toronto Stock Exchange in USD for Canadian investors. It was built to provide investors with a convenient, professionally constructed way to hold bitcoin as an asset in the traditional investment channel alongside equities, bonds and funds.
"We are pleased that our Digital Asset Indices continue to be popular and that we are now also the underlying of a listed fund in Canada," said Thomas Kettner, Managing Director at MV Index Solutions. "This will help to strengthen the status of digital assets as an asset class."
"Our team is delighted to have achieved this milestone for investors - a bitcoin fund product in the traditional asset channel," explains Shaun Cumby, Chief Investment Officer at 3iQ.
MVIS CryptoCompare Institutional Bitcoin Index (MVIBTC) launched on 25 November 2019 is a rules based index, intended to give investors a means of tracking the performance of Bitcoin on selected top tier exchanges. These exchanges include Binance, Bitflyer, Bitstamp, Coinbase, Gemini, itBit and Kraken. Detailed information about the MVIS CryptoCompare Institutional Bitcoin Index (MVIBTC) including methodology details and index data are available on the MV Index Solutions website.
Note to Editors:
About MV Index Solution - www.mvis-indices.com
MV Index Solutions (MVIS®) develops, monitors and licenses the MVIS Indices, a selection of focused, investable and diversified benchmark indices. The indices are especially designed to underlie financial products. MVIS Indices cover several asset classes, including equity, fixed income markets and digital assets and are licensed to serve as underlying indices for financial products. Approximately USD 10.84 billion in assets under management (as of 8 April 2020) are currently invested in financial products based on MVIS Indices. MVIS is a VanEck company.
About 3iQ Corp. - www.3iq.ca
3iQ Corp. is a regulated investment fund manager in Toronto, Ontario, Canada. The focus of its fund business is digital assets. 3iQ Corp. has been managing the 3iQ Global Cryptoasset Fund since April 2018. That fund holds bitcoin, ether and litecoin. On April 9th, 2020, The Bitcoin Fund is listed on the Toronto Stock Exchange in USD for Canadian investors. It was built to provide investors with a convenient, professionally constructed way to hold bitcoin as an asset in the traditional investment channel alongside equities, bonds and funds.
Séverine Thäsler-Jäger, MV Index Solutions
+49 (0)69 4056 695 53