3iQ Digital Asset Management launched Bitcoin and Ether Feeder ETFs in Australia. Listed on Cboe Australia on June 6, these funds will invest in Canada-based 3iQ CoinShares Bitcoin ETF and 3iQ CoinShares Ether ETF.
Investments in BTC, ETH
These ETF products aim to provide Australian investors with the opportunity to capitalize on potential long-term capital gains from access to bitcoin and ethereum, 3iQ said in a press release.
“Bitcoin ETF and ETF aim to provide investors with access to Bitcoin and Ether, respectively, as well as daily price movements of the underlying crypto asset in US dollars and the opportunity for potential long-term capital growth. Units of both ETFs are available for purchase in Australian dollars,” 3iQ said in a statement.
Management expense ratio 1.20%
3iQ promises the lowest remuneration structure in Australia with a total management expense ratio of just 1.20%. This will also provide a 3-month management fee waiver.
“Many Australians are keen to invest in crypto but find it burdensome and intimidating… Now, with BT3Q and ET3Q, we can help investors navigate and understand the evolving digital asset space with investment solutions that provide access to cryptocurrencies. in the same easy-to-use and secure ETF structures they are used to,” said 3iQ Digital Asset Management Chairman and CEO Fred Pye.
3iQ is a pioneer in digital asset ETFs
3iQ is Canada’s first and largest digital asset investment fund manager with over $1.8 billion in assets under management. ETFs based on Bitcoin and Ether were launched in Canada in April and December 2020, respectively. Both of these products were pioneers in an attempt to launch exchange-traded funds (ETFs) based on digital assets in different countries.
Investors should invest in products from fund managers with a long and impressive track record in this asset class. According to Vic Djokovic, CEO of Cboe Australia, 3iQ offers an outstanding experience in digital asset fund management.
“We are proud to be partnering with 3iQ to provide Australian investors with their world-class Bitcoin and Ethereum ETFs,” he added.
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