Bitcoin Fund Announces Annual Redemption Payment Details

TORONTO, July 4, 2024 /CNW/ — 3iQ Corp. (“3iQ”), one of the largest digital asset managers in the Canadaannounced today that unitholders of The Bitcoin Funds (the “Fund”) that have tendered their Fund units (“Units”) for redemption, for cash, under the Fund’s annual redemption feature, will be entitled to receive $68.9238 US per unit, the net asset value per unit on the annual redemption date of June 17, 2024Payments will be made no later than July 2, 2024.

As previously announced, as of May 15, 2024being the deadline relating to the Fund’s annual redemption feature: 1,194,214 units representing 18.54% of the units outstanding were sold for cash redemption on June 17, 2024.

About 3iQ Corp.

Founded in 2012, 3iQ is one of the world’s leading digital asset investment fund managers, providing investors with convenient and familiar investment products to gain exposure to digital assets. 3iQ was the first Canadian investment fund manager to publicly offer Bitcoin investment funds: The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) and 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.

Press contact:
Pascal St-Jean – President and CEO
Email: [email protected]
Phone: +1 (416) 639-2130

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

You will generally have to pay brokerage fees to your dealer if you buy or sell units of the Funds on an exchange or other Canadian alternative trading system (an “exchange”). If units of the Funds are purchased or sold on an exchange, investors may pay more than the current net asset value when they buy units of the Funds and receive less than the current net asset value when they sell them.

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.

IMPORTANT NOTICES

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN ARE RESTRICTED AND MUST NOT BE PUBLISHED, RELEASED OR DISTRIBUTED, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR TO OR FROM UNITED STATES OR ANY JURISDICTION IN WHICH IT WOULD BE ILLEGAL.

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This announcement may not be distributed, forwarded, transmitted or otherwise disseminated in or to United States. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to purchase or subscribe for securities. United States or any other jurisdiction. The securities of the Funds have not been and will not be registered under the United States Securities Act. Securities Act of 1933as amended (the “Securities Act”), or under the applicable securities laws of any state or other jurisdiction of United Statesand may not be offered, sold, resold, transferred or delivered, directly or indirectly, within or into United Statesin the absence of registration or an applicable exemption therefrom, or except in the case of a transaction not subject to the registration requirements of the Securities Act and in compliance with the securities laws of any state or other relevant jurisdiction United StatesNeither this announcement nor the fact that it has been made should be relied upon or taken into account in any future information that we may release.

Not for distribution to U.S. news agencies or for dissemination in United States.

This announcement and the information contained herein are restricted and are not intended for release, publication or distribution, in whole or in part, directly or indirectly, in or from United States or any other jurisdiction in which this would be the case. be unlawful. Furthermore, this announcement is provided for informational purposes only and does not constitute an offer to sell or issue or a solicitation to purchase, subscribe for or otherwise acquire any securities of The Bitcoin Fund in any jurisdiction in which such offer or solicitation would be unlawful.

SOURCE 3iQ

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