Key stats
About 3IQ CORP. BITCOIN ETF (CAD)
Home page
Inception date
Mar 31, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Income tax type
Capital Gains
Primary advisor
3iQ Corp.
The fund provides an actively managed exposure to the digital currency bitcoin. The fund will purchase bitcoin from Bitcoin Sources such as bitcoin exchanges and OTC counterparties that are reputable, stable and in compliance with AML Regulations. These Bitcoin Sources can include Gemini, Genesis Global Trading, Inc., Tagomi, Coinbase Pro and OTC counterparties that are regulated as broker-dealers by the US SEC. The Manager will conduct due diligence by researching on executive officers, significant shareholders, and the regulatory regime of these sources. Once the Sub-Custodian receives the bitcoin on behalf of the fund, it will immediately place it in cold storage. The funds NAV is based on MVIS CryptoCompare Bitcoin Benchmark Rate Index. The index provides prices of bitcoin in USD, based on one-hour median weighted prices. It uses five different crypto exchanges that undergoes semi-annual reviews. The fund will not hedge any USD currency exposure back to CAD.
Classification
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BTCQ assets under management is 383.01 M CAD. It's risen 4.22% over the last month.
BTCQ fund flows account for −127.30 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, BTCQ doesn't pay dividends to its holders.
BTCQ shares are issued by 3iQ Corp. under the brand 3iQ. The ETF was launched on Mar 31, 2021, and its management style is Active.
BTCQ expense ratio is 1.76% meaning you'd have to pay 1.76% of your investment to help manage the fund.
BTCQ follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BTCQ invests in cash.
BTCQ price has risen by 7.35% over the last month, and its yearly performance shows a 106.96% increase. See more dynamics on BTCQ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 9.91% over the last month, showed a 38.10% increase in three-month performance and has increased by 102.48% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 9.91% over the last month, showed a 38.10% increase in three-month performance and has increased by 102.48% in a year.
BTCQ trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.