Not for distribution on US Newswire services or for distribution in the United States.

This announcement and the information contained herein are restricted and may not be published, published or distributed, in whole or in part, directly or indirectly, in or in or from the United States or any other jurisdiction in which it would be unlawful to do so. In addition, this announcement is for informational purposes only and does not constitute an offer to sell or issue or an invitation to buy, subscribe or otherwise acquire securities of the Bitcoin Fund in a jurisdiction in which such an offer or such an invitation is unlawful would.

TORONTO, Feb. 12, 2021 (GLOBE NEWSWIRE) – 3iQ Corp. (“3iQ”) is pleased to announce that it has submitted and received a receipt for a preliminary prospectus for the 3iQ Bitcoin ETF (the “Fund”) with securities regulators in all Canadian provinces and territories (excluding Québec).

“With the success of our closed-end Bitcoin fund, it is a natural evolution for us to apply for a physical Bitcoin ETF to enhance our suite of products in the growing digital assets space.” – Fred Pye, Chairman and CEO of 3iQ.

The investment objectives of the fund are to provide fund unit holders with:

(a) Exposure to the digital currency Bitcoin and the daily price movements of the US dollar price for Bitcoin and

(b) the possibility of long-term capital appreciation.

3iQ acts as the fund’s investment manager and portfolio manager.

Founded in 2012, 3iQ is Canada’s largest digital asset mutual fund manager with more than $ 1.8 billion in assets under management. 3iQ was the first Canadian mutual fund manager to offer a publicly traded bitcoin mutual fund, the Canadian dollar (TSX: QBTC) and US dollar (TSX: QBTC.U) bitcoin fund. In December 2020, we launched the Ether Fund, which is valued in Canadian dollars (TSX: QETH.UN) and US dollars (TSX: QETH.U) and currently has over CAD 390 million in Ether, Ethereum’s native digital asset , has invested.

As a digital asset manager, 3iQ has the technical knowledge and operational expertise to manage complex assets such as Bitcoin. 3iQ offers investors convenient and familiar investment products to get exposure in the leading digital assets such as Bitcoin and Ether. For more information on 3iQ, The Bitcoin Fund, The Ether Fund or 3iQ Bitcoin ETF, please visit www.3iQ.ca or follow us on Twitter @ 3iQ_corp.

Contact information
Fred Pye – Chairman and CEO
E: fred.pye@3iQ.ca
P: +1 (416) 639-2130

This offer is only made through the Fund’s preliminary prospectus dated February 11, 2021. The preliminary prospectus contains important information about these securities and has been filed with securities commissions or similar authorities in all provinces and territories of Canada (with the exception of Quebec). The preliminary prospectus is subject to amendment or amendment. Copies of the preliminary prospectus are available from 3iQ Corp. or available at www.sedar.com. There will be no sale or acceptance of an offer to buy the Shares until the relevant securities commissions in Canada have issued a receipt for the final prospectus. Investors should read the prospectus before making any investment decision.

Certain statements in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this press release and other matters raised in public filings relating to the Fund that affect the future prospects of the Fund and expected events or results and may contain statements about the future financial performance of the Fund. In some instances, forward-looking information may be identified by terms such as “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “intend,” “estimate.” , “Predictions,” “potential,” “continue,” or other similar expressions relating to matters that are not historical facts. Actual results could differ materially from those disclosed in any forward-looking information for a number of reasons, including failure to complete the transactions discussed in this news release on the terms or conditions currently contemplated by the Fund, as well as the risk factors provisional Prospectus for the fund dated February 11, 2021. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are as of the date of this document and we assume no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.

You will normally pay brokerage fees to your dealer when you buy or sell shares in the Fund on an exchange or other Canadian alternative trading facility (an “Exchange”). If the units are bought or sold on a stock exchange, investors may pay more than the current net asset value when buying units in the Fund and may receive less than the current net asset value when selling them.

There are ongoing fees and expenses associated with owning shares in a mutual fund. A mutual fund must prepare disclosure documents that contain important information about the fund. Further information on the fund can be found in the public filings at www.sedar.com. Mutual funds are not guaranteed, their values ​​change frequently, and past performance may not be repeated.

IMPORTANT INSTRUCTIONS

THIS NOTICE AND THE INFORMATION CONTAINED IN IT ARE RESTRICTED AND NOT FOR PUBLICATION, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR IN OR FROM THE UNITED STATES OR ANY JURISDICTION.

Distribution of this announcement and any offer or issue of securities in the Fund in any jurisdiction other than Canada may be restricted by law. Therefore, persons who come into possession of this announcement should find out about such restrictions and observe them. Failure to comply with such restrictions could constitute a violation of the securities laws or regulations of those jurisdictions.

In particular, with certain exceptions, this announcement should not be distributed, forwarded, transmitted or otherwise distributed in or in the United States. This announcement does not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for any securities in the United States or any other jurisdiction. The securities of the Fund have not been and will not be under the United States Securities Act of 1933 in as amended (the “Securities Act”) or 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, in or in the United States, with no registration or an applicable exemption from or except in any transaction that is not subject to the registration requirements of the Securities Act and compliance with the securities laws of any relevant state or other jurisdiction of the United States. Neither this announcement, nor the fact that it has been distributed, forms or relies on any future information that we distribute.