The Bitcoin ETF and the Ether ETF aim to provide investors with exposure to bitcoin and ether, respectively, and the daily price movements of the U.S. dollar price of underlying crypto asset and the opportunity for potential long-term capital growth. Units of both ETFs are available for purchase in Australian dollars.
Both of these ETFs is domiciled in Australia and acts as a 'feeder fund' giving investors access to the 3iQ CoinShares Bitcoin ETF and the 3iQ CoinShares Ether ETF (together, the Underlying ETFs), respectively, both of which are listed on the Toronto Stock Exchange.
The Underlying ETFs invest in long-term holdings of bitcoin and ether, respectively, purchased from bitcoin/ether exchanges and OTC trading counterparties vetted by 3iQ, in order to provide investors with a convenient, simpler alternative to a direct investment in bitcoin/ether.
Investing in the 3iQ Australian ETFs offers a range of benefits for Australian investors which includes the following:
Access to 3iQ's deep experience and expertise in digital asset investments: 3iQ was founded in 2012 and is Canada's first, and largest, investment fund manager to manage a public bitcoin and ether investment fund
Transparent costs and risk mitigation when compared with buying, holding and selling bitcoin/ether at a digital asset trading platform or through opening an individual digital asset wallet that supports the cryptocurrency
Liquidity through trading on Cboe and daily redemption of units
Dual...
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