The CoinDesk 20 Index has generated unprecedented institutional demand with over $5 billion in perpetual futures volume since January 2024
AUSTIN, Texas, May 30, 2024 /CNW/ -- 3iQ Digital Asset Management (3iQ), a pioneer in digital asset management, today announced it has partnered with CoinDesk Indices, the leading provider of digital asset indices since 2014, to make the CoinDesk 20 Index available in several fund structures globally, starting with a Private Cayman Master Fund, followed by Feeder Funds in several regions.
The CoinDesk 20 Index, a highly liquid and actively traded digital asset benchmark, has seen unprecedented institutional demand and trading activity, generating over $5 billion in perpetual futures volume in the past four months. Bullish, the fastest-growing regulated digital asset exchange, listed perpetual futures tracking the CoinDesk 20 following the index's launch in January 2024.
The CoinDesk 20 has been embraced by leading market-making firms and other market participants. Designed for scalability, it tracks the performance of top digital assets, applying a capped market capitalization-weighted methodology to improve diversification. The index caters to institutional investors' growing need for diversified portfolio options beyond bitcoin ETFs.
"CoinDesk Indices is the ideal partner due to its ability to provide the leading index of tradeable and liquid digital assets," said Pascal St-Jean, President & CEO of 3iQ. "Through this partnership, we are excited to offer global investors access to a broad-based, diversified digital asset portfolio as they seek to expand their exposure beyond bitcoin."
This collaboration marks the first step in a series of initiatives between 3iQ and CoinDesk Indices to establish the CoinDesk 20 Index as the gold standard, with the ultimate goal of creating a globally leading broad based crypto index ETF. 3iQ plans to leverage its extensive distribution network and proven track record of collaborating with regulators to achieve first-to-market status.
"Collaborating with a market leader like 3iQ further advances our commitment to empower everyone to participate in the crypto economy with confidence and trust," said Alan Campbell, President of CoinDesk Indices. "We're excited 3iQ will be offering the CoinDesk 20 worldwide to meet increasing institutional and advisor demand."
For more information on 3iQ, and to be the first to know about updates regarding the launch, visit .
To learn more about the CoinDesk 20 Index, visit coindeskmarkets.com/cd20.
About CoinDesk Indices
Since 2014, CoinDesk Indices has been at the forefront of the digital asset revolution, empowering investors globally. A subsidiary of Bullish, our indices form the foundation of the world's largest digital asset products. Known for their precision and compliance, flagships such as the CoinDesk Bitcoin Price Index (XBX) and the CoinDesk 20 Index set the industry standard for measuring, trading, and investing in digital assets. With tens of billions of dollars in benchmarked assets, CoinDesk Indices is a trusted partner. Discover more at coindeskmarkets.com.
About 3iQ Digital Asset Management
Founded in 2012, 3iQ is one of the world's leading digital asset investment fund managers, offering investors convenient and familiar investment products to gain exposure to digital assets. 3iQ Corp., 3iQ's affiliated company, was the first Canadian investment fund manager to offer public bitcoin investment funds: The Bitcoin Fund (TSX: QBTC) (TSX: QBTC.U) and the 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.
Contacts
For media inquiries, please contact:
CoinDesk Indices:
Casey Craig, CoinDesk, casey@coindesk.com
Emma Martin, Allison Worldwide, coindesk@allisonworldwide.com
3iQ:
Ryan Graham, JConnelly, 862-777-4274, rgraham@jconnelly.com
Julie Mercuro, JConnelly, 973-349-6471, jmercuro@jconnelly.com
CoinDesk Indices disclaimer:
CoinDesk is a portfolio company of the Bullish group. CoinDesk Indices, Inc. ("CDI") does not sponsor, endorse, sell, promote or manage any investment offered by any third party that seeks to provide an investment return based on the performance of any index. CDI is neither an investment adviser nor a commodity trading advisor and makes no representation regarding the advisability of making an investment linked to any CDI index. CDI does not act as a fiduciary. A decision to invest in any asset linked to a CDI index should not be made in reliance on any of the statements set forth in this document or elsewhere by CDI. All content contained or used in any CDI index (the "Content") is owned by CDI and/or its third-party data providers and licensors, unless stated otherwise by CDI. CDI does not guarantee the accuracy, completeness, timeliness, adequacy, validity or availability of any of the Content. CDI is not responsible for any errors or omissions, regardless of the cause, in the results obtained from the use of any of the Content. CDI does not assume any obligation to update the Content following publication in any form or format. 2024 CoinDesk Indices, Inc. All rights reserved.
These materials do not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. Neither 3iQ Corp.'s nor the securities of any find manager by 3iQ Corp. have been nor will be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), nor under the applicable securities laws of any state or other jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise. 3iQ Corp. makes no representation or warranty to any investor regarding the legality of any investment, the income or tax consequences, or the suitability of an investment for such investor. 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. 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 fund in these documents. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account certain fees such as redemption fees or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.
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