Announcement Marks Industry's First Smart Index for BTC and ETH Exchange-Listed Funds
TORONTO, May 10, 2023 /CNW/ -- 3iQ Digital Asset Management ("3iQ") and Solactive AG ("Solactive") are pleased to announce the launch of the Solactive SmartB BTC and Solactive SmartB ETH Indices. The innovative suite of Smart index strategies is designed for investors seeking risk-managed exposure to Bitcoin and Ethereum through publicly listed exchange-traded funds (ETFs).
Recently, 3iQ and Azzilon Systems Canada Inc. ("Azzilon") partnered to design a suite of rules-based index strategies for Bitcoin and Ethereum powered by Azzilon's SmartB Algorithm (press release). In today's announcement, Solactive will manage the SmartB index methodology, which uses the 3iQ Bitcoin ETF (TSX: BTCQ, BTCQ.U) and the 3iQ Ether ETF (TSX: ETHQ, ETHQ.U) as proxies for Bitcoin and Ethereum.
The investment strategy's objective is to generate positive alpha and enhanced risk-adjusted returns compared to conventional buy-and-hold strategies for Bitcoin and Ether by actively and systematically adjusting market risk exposure. During market downturns, the strategy emphasizes capital preservation by allocating funds to cash, without employing derivatives or leverage.
Based on back-tested data through May 5th, 2023, the Solactive SmartB BTC Index has generated 67.90%% since its inception on May 31st, 2021 with an annualized volatility of 30.13%, while the Solactive SmartB ETH Index has returned 75.85% since its start on June 7th, 2021 with an annualized volatility of 35.66%.
For more detailed information on each index please visit:
About 3iQ Digital Asset Management
Founded in 2012, 3iQ is one of the world's leading digital asset investment fund managers. 3iQ was the first Canadian investment fund manager to offer a public bitcoin investment fund: The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U), and a public ether investment fund: The Ether Fund (TSX: QETH.UN) (TSX: QETH.U). More recently, 3iQ launched the 3iQ Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets.
About Azzilon Systems Canada, Inc.
Azzilon Systems Canada Inc., headquartered in Montreal, Canada, is the trusted provider of intelligent solutions for financial markets and its regulated participants. Founded in Singapore in 2017, Azzilon was created by experts in financial engineering and systematic trading. Its cutting edge, tailored solutions help their clients capitalize on equity market performance, combat inflation, and manage portfolio volatility – all powered by their proprietary SmartB technology.
About Solactive
Solactive is a leading provider of indexing, benchmarking, and calculation solutions for the global investment and trading community. Headquartered in Frankfurt and, with offices in Hong Kong, Toronto, Berlin, and Dresden, we innovate and disrupt the status quo as the partner of choice for our clients.The unique blend of our 280 staff's expertise in data, data science, financial markets, and technology enables our clients' continued success through the delivery of a superior experience, unique customization capabilities, and the best value for money available in the industry. With more than 25,000 indices calculated daily, we offer a full suite of solutions, including market leading ESG and thematic indices. As at January 2023, Solactive served approximately 500 clients across the world, with approximately US$250 billion invested in products linked to our indices. Solactive is registered with ESMA as a benchmark administrator and is supervised by the BaFin.
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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.
3iQ Corp. ("3iQ") is a Canadian investment fund manager focused on providing investors with exposure to digital assets, disruptive technologies and the blockchain space. 3iQ was the first Canadian investment fund manager to agree to terms and conditions with the Canadian securities regulatory authorities to manage a public bitcoin investment fund and multi- cryptoasset fund for Canadian accredited investors. Units of certain 3iQ Funds are offered through prospectus and through prospectus exemptions. Please read the offering documents carefully before investing.
Contacts
Ryan Graham, JConnelly
862-777-4274
rgraham@jconnelly.com
Julie Mercuro, JConnelly
973-349-6471
jmercuro@jconnelly.com
SOURCE 3iQ
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