ETHQ:CC - 3iQ Announces Firm Has No Exposure to Closed US Banks

Canada NewsWire

TORONTO , March 13, 2023 /CNW/ -- Given the closures of several U.S. banks that prompted government intervention over the weekend, we are sharing that 3iQ Digital Asset Management (3iQ) does not have exposure to any of the U.S. banks that closed over the past week.

As we communicated to clients in our March 3 ^rd Digital Market Weekly newsletter, 3iQ has no exposure to Silvergate (SI), and we today confirm that 3iQ does not have exposure to Silicon Valley National Bank (SIVB) or Signature Bank (SBNY).

3iQ remains committed to operating as a regulated fiduciary to ensure client protections as these dynamic markets evolve. We maintain this standard of care by actively leveraging the subject matter expertise and experience of our team and partners across compliance, risk, technology, treasury, and research to inform our investment and operational decisions.

Please visit 3iQ.ca for information about our segregated custody accounts which utilize cold storage, as well as our views on recent market developments. You may subscribe to our research and newsletters here .

For any questions about recent events including the impact on markets and investment opportunities, please email info@3iq.ca .

About 3iQ Corp.

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 CoinShares Bitcoin ETF (TSX: BTCQ) (TSX: BTCQ.U) and the 3iQ CoinShares Ether ETF (TSX: ETHQ) (TSX: ETHQ.U). 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets.

For more information about 3iQ and its digital asset investment funds:
Visit us at 3iQ.ca
Twitter @3iQ_corp
LinkedIn https://www.linkedin.com/company/3iq-corp/
YouTube https://www.youtube.com/c/3iQDigitalAssetManagement

Contact Information
Ryan Graham , JConnelly
862-777-4274
rgraham@jconnelly.com

IMPORTANT NOTICES

THESE MATERIALS AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL.

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

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the ETF in its public filings available at www.sedar.com . Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this document constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this document and anticipated events or results and may include statements regarding the future financial performance of the funds managed by 3iQ. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances.

SOURCE 3iQ

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