3iQ Corp., a leading digital asset fund manager, has recently achieved a great milestone in the total volume. 3iQ’s Bitcoin Trust reached $1 billion in the total volume of assets under management (AUM). This surge in the Bitcoin Trust has been seen after the recent surge in bitcoin price as the price revisited the $40,000 level. The firm has announced this achievement through a celebratory tweet.
3iQ’s Bitcoin Trust Rocketed With Bitcoin Rally
The recent Bitcoin surge above $40,000 after making a huge correction of 20-26% has contributed to this great volume surge of 3iQ’s Bitcoin Trust. It has been recorded that the price of one of the shares of this trust has increased impressively along with the surge in Bitcoin price. Back on January 08, 2020, QBTC had also reached its all-time high of $54.67, along with Bitcoin. Similarly, when the Bitcoin price plummeted to $30,500, QBTC also decreased by 24.5%. Currently, it is in the green zone as the price has increased by 3.47% and reached $48.63%.
3iQ’s Bitcoin Trust is the first regulated Bitcoin investment product in the whole ecosystem. Through this kind of product, investors get a chance to invest in the crypto markets directly, without buying or storing any token.
3iQ’s Ethereum Trust Was Also Listed as TSX:QETH.U
3iQ’s Bitcoin Trust is available on both Gibraltar and Toronto stock exchanges. The firm has also listed its Ethereum Trust on December 11, 2020, as TSX:QETH.U. This Ethereum Trust is also among the first-Ethereum based products, particularly for stock investors. 3iQ has been performing quite well in the crypto space and the volume of its Bitcoin Trust’s AUM is also expected to increase impressively in the current Bitcoin rally. After this major correction, Bitcoin is expected to reach another all-time high and it has already started showing the signs.