The CoinDesk 20 Index has generated
unprecedented institutional demand with over $5 billion in perpetual futures volume since
January 2024
AUSTIN,
Texas, May 30, 2024 /PRNewswire/ -- 3iQ Digital
Asset Management (3iQ), a pioneer in digital asset management,
today announced it has partnered with CoinDesk Indices, the leading
provider of digital asset indices since 2014, to make the CoinDesk
20 Index available in several fund structures globally, starting
with a Private Cayman Master Fund, followed by Feeder Funds in
several regions.
The CoinDesk 20 Index, a highly liquid and actively traded
digital asset benchmark, has seen unprecedented institutional
demand and trading activity, generating over $5 billion in perpetual futures volume in the
past four months. Bullish, the fastest-growing regulated digital
asset exchange, listed perpetual futures tracking the CoinDesk 20
following the index's launch in January
2024.
The CoinDesk 20 has been embraced by leading market-making firms
and other market participants. Designed for scalability, it tracks
the performance of top digital assets, applying a capped market
capitalization-weighted methodology to improve diversification. The
index caters to institutional investors' growing need for
diversified portfolio options beyond bitcoin ETFs.
"CoinDesk Indices is the ideal partner due to its ability to
provide the leading index of tradeable and liquid digital assets,"
said Pascal St-Jean, President &
CEO of 3iQ. "Through this partnership, we are excited to offer
global investors access to a broad-based, diversified digital asset
portfolio as they seek to expand their exposure beyond
bitcoin."
This collaboration marks the first step in a series of
initiatives between 3iQ and CoinDesk Indices to establish the
CoinDesk 20 Index as the gold standard, with the ultimate goal of
creating a globally leading broad based crypto index
ETF. 3iQ plans to leverage its extensive distribution network and
proven track record of collaborating with regulators to achieve
first-to-market status.
"Collaborating with a market leader like 3iQ further advances
our commitment to empower everyone to participate in the
crypto economy with confidence and trust," said
Alan Campbell, President of CoinDesk
Indices. "We're excited 3iQ will be offering the CoinDesk 20
worldwide to meet increasing institutional and advisor
demand."
For more information on 3iQ, and to be the first to know about
updates regarding the launch, visit www.3iq.io/cd20.
To learn more about the CoinDesk 20 Index, visit
coindeskmarkets.com/cd20.
About CoinDesk Indices
Since 2014, CoinDesk Indices
has been at the forefront of the digital asset revolution,
empowering investors globally. A subsidiary of Bullish, 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.
About 3iQ Digital Asset Management
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.
Contacts
For media inquiries, please contact:
CoinDesk Indices:
Casey Craig, CoinDesk,
casey@coindesk.com
Emma Martin, Allison Worldwide,
coindesk@allisonworldwide.com
3iQ:
Ryan Graham, JConnelly,
862-777-4274, rgraham@jconnelly.com
Julie Mercuro, JConnelly,
973-349-6471, jmercuro@jconnelly.com
CoinDesk Indices disclaimer:
CoinDesk is a portfolio
company of the Bullish group. CoinDesk Indices, Inc. ("CDI") does
not sponsor, endorse, sell, promote or manage any investment
offered by any third party that seeks to provide an investment
return based on the performance of any index. CDI is neither an
investment adviser nor a commodity trading advisor and makes no
representation regarding the advisability of making an investment
linked to any CDI index. CDI does not act as a fiduciary. A
decision to invest in any asset linked to a CDI index should not be
made in reliance on any of the statements set forth in this
document or elsewhere by CDI. All content contained or used in any
CDI index (the "Content") is owned by CDI and/or its third-party
data providers and licensors, unless stated otherwise by CDI. CDI
does not guarantee the accuracy, completeness, timeliness,
adequacy, validity or availability of any of the Content. CDI is
not responsible for any errors or omissions, regardless of the
cause, in the results obtained from the use of any of the Content.
CDI does not assume any obligation to update the Content following
publication in any form or format. © 2024 CoinDesk Indices, Inc.
All rights reserved.
These materials do not constitute an offer to sell or issue
or the solicitation of an offer to buy or subscribe for securities
in the United States or any other
jurisdiction. Neither 3iQ Corp.'s nor the securities of any find
manager by 3iQ Corp. have been nor will be registered under the
United States Securities Act of 1933, as amended (the "Securities
Act"), nor under the applicable securities laws of any state or
other jurisdiction of the United
States, and may not be offered, sold, resold, transferred or
delivered, directly or indirectly within, into or in the United States, absent registration or an
applicable exemption from, or except in a transaction not subject
to, the registration requirements of the Securities Act and in
compliance with the securities laws of any relevant state or other
jurisdiction of the United States.
No securities regulatory authority has expressed an opinion about
these securities and it is an offence to claim otherwise. 3iQ Corp.
makes no representation or warranty to any investor regarding the
legality of any investment, the income or tax consequences, or the
suitability of an investment for such investor. Commissions,
trailing commissions, management fees and expenses all may be
associated with mutual fund investments. Please read the prospectus
before investing. Mutual funds are not guaranteed, their values
change frequently, and past performance may not be repeated. There
are ongoing fees and expenses associated with owning units of an
investment fund. An investment fund must prepare disclosure
documents that contain key information about the fund. You can find
more detailed information about the fund in these documents. The
indicated rates of return are the historical annual compounded
total returns including changes in unit value and reinvestment of
all distributions and does not take into account certain fees such
as redemption fees or optional charges or income taxes payable by
any security holder that would have reduced returns. Investment
funds are not guaranteed, their values change frequently and past
performance may not be repeated.
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SOURCE 3iQ