Key Takeaways
- • 3iQ Corp. announced the annual redemption for The Bitcoin Fund (TSX: QBTC, QBTC.U) with a redemption date of June 16, 2026, offering unitholders cash redemption at 100% of net asset value per Unit.
- • The redemption request cut-off is May 15, 2026, at 5:00 p.m. EST, with submissions required through The Canadian Depository for Securities Limited (CDS) via investment dealers; investors should contact dealers in advance as additional processing time may be needed.
- • 3iQ will not offer conversions to the 3iQ Bitcoin ETF or in-kind redemptions in 2026, limiting redemption options to cash only.
- • 3iQ Corp., founded in 2012, is a leading institutional-grade alternative digital asset manager that pioneered the world's first Digital Assets Managed Account Platform (QMAP), a hedge fund investment solution for digital asset exposure.
Summary
3iQ Corp. has issued a formal reminder to unitholders of The Bitcoin Fund (trading under ticker symbols QBTC and QBTC.U on the Toronto Stock Exchange) regarding the fund's annual redemption opportunity in 2026. The fund will offer cash redemptions at net asset value, providing a liquidity event for investors seeking to exit positions.
The redemption mechanics require unitholders to submit redemption requests no later than 5:00 p.m. EST on May 15, 2026, through The Canadian Depository for Securities Limited (CDS) via their investment dealer. 3iQ emphasized that investment dealers may require submission well in advance of the cut-off deadline to ensure timely processing, necessitating proactive communication between investors and their representatives. The actual redemption payment will be distributed on June 16, 2026.
A material change from prior years is 3iQ's decision to eliminate alternative redemption mechanisms. Specifically, the firm will not offer unit conversions to the 3iQ Bitcoin ETF or in-kind redemptions during the 2026 redemption cycle, leaving cash redemption as the sole available option for unitholders. This restriction narrows investor flexibility compared to previous annual redemption periods.
3iQ Corp., established in 2012, operates as one of the world's leading alternative digital asset managers, specializing in institutional-grade investment solutions. The firm launched the industry's first Digital Assets Managed Account Platform (QMAP), a hedge fund vehicle designed to provide institutional investors with risk-managed exposure to digital assets, positioning itself as a pioneer in the digital assets management space.
The redemption mechanics require unitholders to submit redemption requests no later than 5:00 p.m. EST on May 15, 2026, through The Canadian Depository for Securities Limited (CDS) via their investment dealer. 3iQ emphasized that investment dealers may require submission well in advance of the cut-off deadline to ensure timely processing, necessitating proactive communication between investors and their representatives. The actual redemption payment will be distributed on June 16, 2026.
A material change from prior years is 3iQ's decision to eliminate alternative redemption mechanisms. Specifically, the firm will not offer unit conversions to the 3iQ Bitcoin ETF or in-kind redemptions during the 2026 redemption cycle, leaving cash redemption as the sole available option for unitholders. This restriction narrows investor flexibility compared to previous annual redemption periods.
3iQ Corp., established in 2012, operates as one of the world's leading alternative digital asset managers, specializing in institutional-grade investment solutions. The firm launched the industry's first Digital Assets Managed Account Platform (QMAP), a hedge fund vehicle designed to provide institutional investors with risk-managed exposure to digital assets, positioning itself as a pioneer in the digital assets management space.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.