BTCQ
BTCQ.U
ETF

3iQ Bitcoin ETF

Investment objectives

The 3iQ Bitcoin ETF’s investment objectives are to seek to provide Unitholders of the 3iQ Bitcoin ETF with:

  • 01

    Exposure to the digital currency bitcoin, and the daily price movements of the US dollar price of bitcoin.

  • 02

    The opportunity for long-term capital appreciation.

BTCQ

3iQ Bitcoin ETF

$18.56
CAD

Today's change

0.07
(0.38%)

Date

Apr 17, 2025
TSX
BTCQ:CA
TSX
Toronto Stock Exchange
BTCQ.U

3iQ Bitcoin ETF

$13.48
USD

Today's change

0.10
(0.75%)

Date

Apr 17, 2025
TSX
BTCQ.U:CA
TSX
Toronto Stock Exchange

Daily NAV data

Date

CAD

USD

NAV

April 17, 2025

$288,407,904.97

$208,374,711.34

NAVPU

April 17, 2025

$18.5490

$13.4016

Inception

March 31, 2021

$10.0000

Inception

March 31, 2021

$12.5670

Differences may arise to reported CAD AUM and CAD NAVPU due to FX rounding.

Fund performance

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Fund returns ‡

Inception date

1 M

3 M

6 M

1 Y

YTD

3Y

Since inception

Class A (USD)

March 31, 2021

-1%

-12%

30%

15%

-12%

72%

31%

‡ Fund returns are net of all fees and expenses. Performance figures are rounded, and based on the NAVPU of 3iQ Bitcoin ETF (BTCQ.U). Past performance is not indicative of future results.

‡ As of March 31, 2025

Fund historical performance

Fund returns ‡

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

YTD

2025

9%

-18%

-1%

-12%

2024

2%

45%

14%

-15%

12%

-11%

9%

-11%

7%

11%

38%

-4%

119%

2023

40%

1%

22%

3%

-8%

12%

-4%

-10%

3%

28%

9%

11%

149%

2022

-16%

8%

10%

-16%

-18%

-40%

26%

-16%

-3%

3%

-17%

-3%

-65%

2021

-4%

-36%

-5%

13%

20%

-7%

42%

-8%

-20%

-23%

‡ Fund returns are net of all fees and expenses. Performance figures are rounded, and based on the NAVPU of 3iQ Bitcoin ETF (BTCQ.U). Past performance is not indicative of future results.

‡ As of March 31, 2025

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Historical data

Historical CME CF Bitcoin Reference Rate - New York Variant

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Units outstanding

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Fund information

Exchange

Toronto Stock Exchange (TSX)

Symbol

BTCQ, BTCQ.U

Currency

CAD, USD

PNU

25,000

Units Outstanding

15,598,454 ‡

Units per BTC

6323.63 ‡

BTC per Unit

0.000158137 ‡

CUSIP

88561M107

ISIN

CA88561M1077

SEDOL (BTCQ)

BNQNF31

SEDOL (BTCQ.U)

BNQP816

Management Fee

1.00%

Eligibility

RRSP, RRIF, RDSP, DPSP, RESP, TFSA

Benchmark Index

CME CF Bitcoin Reference Rate - New York Variant. Prior to April 1, 2025, the Fund’s bitcoin was valued based on the MarketVector™ Bitcoin Benchmark Rate Index (BBR)

Custody Services

Tetra Trust Company

Sub-Custodian

Coinbase Custody Trust Company, LLC

Administrator

CIBC Mellon Trust Company

Transfer Agent

TSX Trust Company

Auditor

PricewaterhouseCoopers LLP

Legal Counsel

Renno & Co LLP

Management Expense Ratio (MER)

1.50%

Key facts & terms

‡ The MER is an aggregate of the management fee, operating expenses and other costs incurred by the fund

‡ March 31, 2025

Fund Highlights

  • 100% Bitcoin exposure¹

  • Fully secured in cold storage

  • TFSA and RRSP eligible

¹ May be lower due to a small cash balance in the portfolio holdings. Minimum investment restrictions are outlined in the prospectus.

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THESE MATERIALS AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

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 the 3iQ Corp.’s (the “Manager”) nor the Fund’s securities 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.

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.

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Fund on the Toronto Stock Exchange, or other alternative trading system (an “exchange”). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Fund and may receive less than the current net asset value when selling them.

Please read the prospectus before investing. Important information about the 3iQ Bitcoin ETF is contained in the prospectus. Copies of the prospectus may be obtained from 3iQ Corp. or at www.sedar.com.

Certain statements in this document are forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “target”, “seek”, “will” and similar expressions to the extent they relate to the Fund and the Manager. Forward-looking statements are not historical facts but reflect the current expectations of the Fund and the Manager regarding future results or events. Such forward-looking statements reflect the Fund’s and the Manager’s current beliefs and are based on information currently available to them. Forward-looking statements are made with assumptions and involve significant risks and uncertainties. Although the forward-looking statements contained in this document are based upon assumptions that the Fund and the Manager believe to be reasonable, none of the Fund or the Manager can assure investors that actual results will be consistent with these forward-looking statements. As a result, readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results or events to differ materially from current expectations.

Some of these risks, uncertainties and other factors are described in the offering documents for the relevant Funds under the heading “Risk Factors”. These factors – many of which are beyond the Manager’s control and the effects of which can be difficult to predict – include: no assurance in achieving investment objectives, loss of investment, volatility and fluctuation in value of cryptoassets, concentration risk, reliance on the Manager, no ownership interest in the cryptoasset portfolio, changes in legislation, conflicts of interest, valuation, significant redemptions, limited liquidity in the units, limited operating history, exchange rate risk, liquidity constraints on cryptoasset markets, tax risk, risks associated with blockchain networks and forks, risks associated with digital asset platforms and cybersecurity.

The forward-looking statements contained herein were prepared for the purpose of providing prospective investors with general educational background information about cryptoassets and the Funds and may not be appropriate for other purposes. None of the Fund or the Manager assumes any obligation to update or revise them to reflect new events or circumstances, except as required by law.

CF benchmarks data is used under license as a source of information for certain 3iQ products. CF benchmarks, its licensors and agents have no other connection to 3iQ products and services and do not sponsor, endorse, recommend or promote any 3iQ products or services. CF benchmarks, its licensors and agents have no obligation or liability in connection with the 3iQ products and services. CF benchmarks, its licensors and agents do not guarantee the accuracy and/or the completeness of any index licensed to 3iQ and shall not have any liability for any errors, omissions or interruptions therein.‍

Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with 3iQ with respect to any linked site or its sponsor, unless expressly stated by 3iQ. Any such information, products or sites have not necessarily been reviewed by 3iQ and are provided or maintained by third parties over whom 3iQ exercises no control. 3iQ expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites. By clicking on any of the links included in this website, you acknowledge that you will be taken to a third-party site, which is not managed by 3iQ.

3iQ Corp. (“3iQ”) is a Canadian investment fund manager focused on providing investors with exposure to digital assets, disruptive technologies and the blockchain space. Units of certain 3iQ Funds are offered through prospectus and through prospectus exemptions. Please read the offering documents carefully before investing.