Key Takeaways
- • 3iQ Corp. has appointed Anchorage Digital as an additional sub-custodian for The Bitcoin Fund, effective June 23, 2026, under a multi-custody arrangement with Tetra Trust retaining its role as primary custodian.
- • The addition follows 3iQ's earlier selection of Anchorage Digital as its infrastructure and custody partner for its broader digital asset investment platform, signaling a strategic deepening of the relationship.
- • The Bitcoin Fund maintains all existing operational parameters—investment objectives, strategy, management fee, and Toronto Stock Exchange listings (QBTC and QBTC.U)—with no changes resulting from the custodial expansion.
- • Anchorage Digital provides regulated, institutional-grade digital asset custody infrastructure designed to enhance investor protection, operational resilience, and scalability for the publicly listed fund.
- • Tommaso Mancuso, President and Chief Investment Officer of 3iQ, characterized the addition as "an important operational milestone," reflecting the industry's maturation and the centrality of custody infrastructure to institutional digital asset investment products.
Summary
3iQ Corp., a Canadian investment fund manager, announced on June 23, 2026, the addition of Anchorage Digital as a sub-custodian for The Bitcoin Fund under an expanded multi-custody framework. Tetra Trust continues as the Fund's primary custodian and played a key integrative role in onboarding Anchorage Digital to the arrangement. The move follows 3iQ's prior designation of Anchorage Digital as the infrastructure and custody partner for its digital asset investment platform, underscoring a strategic partnership designed to strengthen institutional-grade custody capabilities across the firm's product suite.
The appointment introduces no material changes to The Bitcoin Fund's operational structure. The Fund's investment objectives, strategy, management fee, and Toronto Stock Exchange listings under symbols QBTC and QBTC.U remain unaffected. This operational stability demonstrates that the custodial enhancement is intended to be a backend infrastructure upgrade rather than a fundamental shift in Fund management or investor-facing terms.
According to Tommaso Mancuso, President and Chief Investment Officer of 3iQ, the addition of Anchorage Digital represents "an important operational milestone" driven by the maturation of digital asset investment products and the growing centrality of custody infrastructure to institutional adoption. Mancuso noted that Anchorage Digital's regulated, institutional-grade infrastructure aligns with the Fund's requirements for investor protection, operational resilience, and long-term scalability—core considerations for a publicly listed digital asset fund managing significant institutional capital.
Anchorage Digital, a qualified custodian regulated in the United States, brings established institutional custody credentials to the arrangement. The multi-custodian structure reflects best practices in institutional asset management, where distributed custody across multiple qualified providers mitigates concentration risk and enhances operational redundancy. The timing of this announcement reflects broader institutional adoption of digital asset custody solutions as regulatory clarity and infrastructure maturity attract mainstream investment products to the cryptocurrency space.
The appointment introduces no material changes to The Bitcoin Fund's operational structure. The Fund's investment objectives, strategy, management fee, and Toronto Stock Exchange listings under symbols QBTC and QBTC.U remain unaffected. This operational stability demonstrates that the custodial enhancement is intended to be a backend infrastructure upgrade rather than a fundamental shift in Fund management or investor-facing terms.
According to Tommaso Mancuso, President and Chief Investment Officer of 3iQ, the addition of Anchorage Digital represents "an important operational milestone" driven by the maturation of digital asset investment products and the growing centrality of custody infrastructure to institutional adoption. Mancuso noted that Anchorage Digital's regulated, institutional-grade infrastructure aligns with the Fund's requirements for investor protection, operational resilience, and long-term scalability—core considerations for a publicly listed digital asset fund managing significant institutional capital.
Anchorage Digital, a qualified custodian regulated in the United States, brings established institutional custody credentials to the arrangement. The multi-custodian structure reflects best practices in institutional asset management, where distributed custody across multiple qualified providers mitigates concentration risk and enhances operational redundancy. The timing of this announcement reflects broader institutional adoption of digital asset custody solutions as regulatory clarity and infrastructure maturity attract mainstream investment products to the cryptocurrency space.
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