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Montag, 19.04.2021 22:00 von GlobeNewswire | Aufrufe: 813

CoinShares and 3iQ have collaborated to launch the 3iQ CoinShares Ether Exchange Traded Fund (“ETF”)

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES (INCLUDING ITS TERRITORIES AND PROVINCES, EVERY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, NEW ZEALAND, JAPAN, CANADA, HONG KONG OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES. PLEASE SEE THE IMPORTANT INFORMATION AT THE END OF THE PRESS RELEASE.

 

CoinShares announces launch of 3iQ CoinShares Ether Exchange Traded Fund (“ETF”)

 

SAINT HELIER, Jersey, April 19, 2021 | CoinShares International Limited, (Nasdaq First North Growth Market: CS) ("CoinShares" or the "Group" or the “Company”) today announces that the Canadian securities regulator have issued a receipt for the final prospectus of the 3iQ CoinShares Ether ETF (the “Ether ETF”).

 

The Ether ETF’s investment objectives are to provide holders of units of the Ether ETF with exposure to the digital currency Ether and the daily price movements of the U.S. dollar price of Ether, and the opportunity for long-term capital appreciation. 3iQ Corp. (“3iQ”) will act as the investment and portfolio manager of the Ether ETF which, subject to the Ether ETF satisfying the Toronto Stock Exchange’s (the “TSX”) original listing requirements, is expected to begin trading later this month on the TSX in Canadian dollars under the symbol “ETHQ” and in U.S. dollars under the symbol “ETHQ.U”.

 

CoinShares is Europe’s largest digital asset manager, with approximately US$4.5 billion1 in AUM across its family of exchange traded products. As noted in CoinShares’ weekly Digital Asset Fund Flows report, the first quarter of 2021 saw record inflows into digital asset investment products, exceeding flows in Q4 2020. A growing share of these flows have been to Ethereum investment products, as the decentralized finance (DeFi) and Web3 ecosystem continues to grow in adoption and usage, and as investors continue to increase overall exposure to digital assets as evidenced by global fund AUM rising to around $60B2.


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“We’re excited to grow our asset management footprint in North America in collaboration with 3iQ, Canada’s largest digital asset manager,” said Jean Marie Mognetti, CEO of CoinShares, “Following our public listing in March of this year, CoinShares continues to pursue an aggressive strategic growth plan, leveraging our deep institutional experience managing digital assets while providing trust and transparency to investors. We are excited to bring our robust capital markets infrastructure and unparalleled expertise and network in the digital asset ecosystem together with 3iQ’s product innovation and distribution capabilities to build a robust suite of digital asset investment products.”

 

CoinShares announced a strategic investment in 3iQ on April 1, 2021 as well as the filing of the 3iQ CoinShares Bitcoin ETF on the TSX, which launched on April 19, 2021.

 

CoinShares and 3iQ share similar objectives - to make digital assets more inclusive by facilitating access to investors through a variety of trusted, regulatory compliant investment vehicles that are available in global markets. CoinShares' participation in the Ether ETF will allow 3iQ to leverage the global brand that CoinShares has built over the past 8 years, allowing them to extend their outreach. The 3iQ CoinShares Ether ETF will continue to extend CoinShares’ brand recognition in the North American asset management market, which is a strategic growth market for CoinShares in 2021.

 

Footnotes

1. As at Monday April 19, 2021

2. Sourced from the CoinShares Weekly Digital Asset Fund Flows Report as of April 12, 2021. This report is updated weekly on Mondays and can be accessed at https://coinshares.com/research/digital-asset-fund-flows

 

About CoinShares

CoinShares is Europe's largest digital asset investment firm, managing over US$4.5 billion of assets on behalf of its client base. The Group is focused on expanding investor access to the digital asset ecosystem by pioneering new financial products and services that seek to provide trust and transparency when accessing this new asset class.

 

For more information on CoinShares, please visit: https://coinshares.com

 

Company  | +44 (0)1534 513 100 | enquiries@coinshares.com

Investor Relations – Jay Morakis  | +1 646 859 5951| enquiries@coinshares.com

Certified Advisor – Mangold Fondkommission AB  | +46 (0)8 503 015 50 | ca@mangold.se

 

This information is information that CoinShares International Limited is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014). The information in this press release has been published through the agency of the contact persons set out above, at 9:00pm BST on April 19, 2021.

 

Important information

The release, announcement or distribution of this press release may, in certain jurisdictions, be subject to restrictions. The recipients of this press release in jurisdictions where this press release has been published or distributed shall inform themselves of and follow such restrictions. The recipient of this press release is responsible for using this press release, and the information contained herein, in accordance with applicable rules in each jurisdiction. This press release does not constitute an offer, or a solicitation of any offer, to buy or subscribe for any securities in CoinShares in any jurisdiction, neither from CoinShares nor from someone else.

 

This announcement does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Company. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness.

 

This press release does not constitute or form part of an offer or solicitation to purchase or subscribe for securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold within the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into the United States (including its territories and provinces, every state of the united states and the District of Columbia), Australia, New Zealand, Japan, Canada, Hong Kong or South Africa or in any other jurisdiction where such announcement, publication or distribution of the information would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Swedish law. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations.

 

This press release is not a prospectus for the purposes of the Prospectus Regulation and has not been approved by any regulatory authority in any jurisdiction. A prospectus in connection with the Offering has been prepared and published by the Company on the Company's website.

 

In the United Kingdom, this document and any other materials in relation to the securities described herein is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" (within the meaning of the United Kingdom version of the EU Prospectus Regulation (2017/1129/ EU) which is part of United Kingdom law by virtue of the European Union (Withdrawal) Act 2018) who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). In the United Kingdom, any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, relevant persons. Persons who are not relevant persons should not take any action on the basis of this press release and should not act or rely on it.

 

Information to distributors

Solely for the purposes of the product governance requirements contained within: (a) EU Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of Commission Delegated Directive (EU) 2017/593 supplementing MiFID II; and (c) local implementing measures (together, the "MiFID II Product Governance Requirements"), and disclaiming all and any liability, whether arising in tort, contract or otherwise, which any "manufacturer" (for the purposes of the MiFID II Product Governance Requirements) may otherwise have with respect thereto, the shares in the Company have been subject to a product approval process, which has determined that the shares are: (i) compatible with an end target market of retail investors and investors who meet the criteria of professional clients and eligible counterparties, each as defined in MiFID II; and (ii) eligible for distribution through all distribution channels as are permitted by MiFID II (the "Target Market Assessment"). Notwithstanding the Target Market Assessment, Distributors should note that: the price of the shares in the Company may decline and investors could lose all or part of their investment; the shares in the Company offer no guaranteed income and no capital protection; and an investment in the shares in the Company is compatible only with investors who do not need a guaranteed income or capital protection, who (either alone or in conjunction with an appropriate financial or other adviser) are capable of evaluating the merits and risks of such an investment and who have sufficient resources to be able to bear any losses that may result therefrom. The Target Market Assessment is without prejudice to the requirements of any contractual, legal or regulatory selling restrictions in relation to the Offering.

 

For the avoidance of doubt, the Target Market Assessment does not constitute: (a) an assessment of suitability or appropriateness for the purposes of MiFID II; or (b) a recommendation to any investor or group of investors to invest in, or purchase, or take any other action whatsoever with respect to the shares in the Company.

 

Each distributor is responsible for undertaking its own target market assessment in respect of the shares in the Company and determining appropriate distribution channels.

 


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