3iQ DIGITAL HOLDINGS INC.

What 3iQ DIGITAL HOLDINGS INC. does

3iQ Digital Holdings Inc. is a Toronto-based digital asset investment fund manager, founded in 2012, that builds and operates a suite of regulated crypto-asset investment vehicles distributed through the Toronto Stock Exchange. The company's product lineup comprises closed-end funds (The Bitcoin Fund, The Ether Fund) and exchange-traded funds (3iQ Bitcoin ETF, 3iQ Ether Staking ETF, 3iQ Solana Staking ETF, and 3iQ XRP ETF), each listed in both CAD and USD share classes, providing institutional and accredited investors with regulated exposure to Bitcoin, Ether, Solana, and XRP. Core technical infrastructure combines institutional-grade custody through Coinbase Custody (with Anchorage Digital as a sub-custodian for The Bitcoin Fund) and Tetra Trust Company (Canada's only approved custodian for staking), proprietary staking integrations enabling on-chain yield generation via Coinbase's institutional staking infrastructure, and licensed index inputs from MV Index Solutions (MVIS CryptoCompare).

3iQ's revenue model is based on recurring management fees charged on AUM across its fund lineup, augmented by a 25% staking service fee on staking rewards generated for the Funds (with 75% of rewards accruing to unitholders). Go-to-market is primarily institutional: products are distributed through a syndicate of Canadian broker-dealers (Canaccord Genuity, Echelon Wealth Partners, Leede Jones Gable, Mackie Research, PI Financial) and investment advisors, supported by sub-advisory mandates with third-party product sponsors such as Dynamic and Further. 3iQ serves both institutional investors and accredited/retail investors accessing products through Canadian brokerage platforms, with explicit geographic restriction against US investors.

The company was acquired by Coincheck Group N.V. (a NASDAQ-listed Dutch holding company majority-owned by Japan's Monex Group Inc.) in February 2026, with Coincheck acquiring approximately 99.81% of 3iQ Digital Holdings Inc. Monex Group Inc. is the ultimate beneficial owner with over 80% ownership of Coincheck. 3iQ operates as a wholly-owned subsidiary maintaining its existing investment fund management operations, with no disclosed leadership change at the operating-subsidiary level. The firm is recognized as a Canadian pioneer in regulated digital asset fund management, having launched the country's first publicly listed Bitcoin fund (April 2020), first Ether fund (December 2020), North America's first staking exchange-traded products (October 2023), the world's first Solana staking ETP (April 2025), and Canada's first XRP ETF (June 2025).

Name

3iQ DIGITAL HOLDINGS INC.

Legal name

3iQ Digital Holdings Inc.

Website

https://3iq.io

Company type

Private

Founded year

2012

Operating status

Operating

Short description

3iQ Digital Holdings Inc. is a Toronto-based digital asset investment fund manager that issues regulated crypto ETFs and closed-end funds (Bitcoin, Ether, Solana, XRP) on the Toronto Stock Exchange for institutional and accredited investors. The firm generates recurring management fees and a 25% staking service fee, and is majority-owned by Coincheck Group N.V. (Monex Group) since February 2026.

Ownership category

akta.pro rank

Product category

Digital Asset Management

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA)

Keywords

• Digital asset management
• Crypto investment funds
• Exchange-traded funds
• Institutional asset management
• Bitcoin ether funds

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Management Fees: 3iQ charges management fees for acting as investment fund manager and portfolio manager of its ETFs and closed-end funds. Fee structure includes management fee waivers for new product launches (e.g., 0% for first 6 months on XRPQ, 0% for first 12 months on SOLQ, fee waived until March 31, 2024 on ETHQ Ether Staking ETF).
2. Staking Service Fees: 3iQ receives a portion of staking rewards generated for the Funds, with 75% of rewards accruing to the Funds and 25% accruing to 3iQ (the Staking Service Fee). This compensates 3iQ for administering the staking activities. Fee is calculated and paid monthly, in arrears, plus applicable taxes.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

3iQ is a Canadian digital asset investment fund manager that issues and manages regulated crypto investment vehicles — including ETFs and closed-end funds — listed on the Toronto Stock Exchange, providing institutional and accredited investors exposure to Bitcoin, Ethereum, Solana, and XRP. The firm also operates institutional-grade staking infrastructure for its Ether and Solana funds, generating yield through proof-of-stake validation in partnership with Coinbase Custody and Tetra Trust.

Product overview

3iQ DIGITAL HOLDINGS INC. operates as a digital asset investment fund manager offering a portfolio of regulated investment products. The company provides three core investment solution categories: Digital Asset Investment Solutions (ETFs and closed-end funds for digital asset exposure), Active Investment Solutions (actively managed strategies), and Yield Solutions (staking-based yield generation). The core product lineup includes: The Bitcoin Fund (closed-end bitcoin fund, QBTC/QBTC.U), The Ether Fund (closed-end ether fund with staking, QETH.UN/QETH.U), 3iQ Bitcoin ETF (physical bitcoin ETF, BTCQ/BTCQ.U), 3iQ Ether Staking ETF (world's first ether staking ETF, ETHQ/ETHQ.U), 3iQ Solana Staking ETF (world's first Solana staking ETP, SOLQ/SOLQ.U), and 3iQ XRP ETF (Canada's first XRP ETF, XRPQ/XRPQ.U). All products are listed on the Toronto Stock Exchange (TSX) and backed by institutional-grade custody (Coinbase Custody, Tetra Trust). Staking products generate yield from blockchain Proof-of-Stake consensus mechanisms. The company was acquired by Coincheck Group N.V. (majority owned by Monex Group) in February 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• The Bitcoin Fund A closed-end investment fund providing exposure to bitcoin and the daily price movements of the U.S. dollar price of bitcoin, with the opportunity for long-term capital appreciation. Listed on TSX in CAD (QBTC) and USD (QBTC.U). Features an annual redemption option at net asset value.
• The Ether Fund A closed-end investment fund providing exposure to ether (ETH) and the daily price movements of the U.S. dollar price of ETH, with opportunity for long-term capital appreciation. Listed on TSX in CAD (QETH.UN) and USD (QETH.U). The first publicly traded ether fund in Canada. Supports ETH staking and in-kind ether redemption.
• 3iQ Bitcoin ETF A physical bitcoin ETF providing exposure to bitcoin and the daily price movements of the U.S. dollar price of bitcoin. Listed on TSX in CAD (BTCQ) and USD (BTCQ.U). Options available for trading on Montreal Exchange.
• 3iQ Ether Staking ETF The world's first Ether ETF vehicle to enable staking. Provides exposure to ether with the added benefit of ETH staking rewards generated through Coinbase Custody's institutional staking infrastructure. Listed on TSX in CAD (ETHQ) and USD (ETHQ.U). Staking yields approximately 4% from the Ethereum Proof-of-Stake network.
• 3iQ Solana Staking ETF The world's first Solana staking ETP, providing exposure to Solana (SOL) with staking rewards. Listed on TSX in CAD (SOLQ) and USD (SOLQ.U). Canada's largest Solana ETF by AUM. Custodians include Tetra Trust Company and Coinbase Custody Trust Company, LLC.
• 3iQ XRP ETF Canada's first and largest XRP ETF, providing exposure to XRP. Listed on TSX in CAD (XRPQ) and USD (XRPQ.U). Ripple is an early investor in the fund. Launched with 0% management fee for the first six months.
• 3iQ Private Digital Asset Fund A private digital asset fund eligible for investment by accredited investors in Canada or in reliance on other prospectus exemptions, providing an alternative to public listed funds for investors meeting accreditation requirements.

Quantifiable outcome

• First regulated digital asset manager in Canada
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature3 records

Partnerships

Nine partnerships are on record, tiered core, major and strategic.

• Coinbase Custody Trust Company, LLCcoreTechnology or IntegrationCoinbase serves as custodian for 3iQ funds with digital assets held in segregated, cold storage custody accounts. Coinbase also provides institutional staking infrastructure to support ETH and SOL staking in 3iQ funds. Strategic collaboration since 2020.
• Tetra Trust CompanycoreTechnology or IntegrationTetra Trust is Canada's only approved custodian for staking, providing oversight and qualified custody services for 3iQ funds. Backed by WonderFi, Coinbase Ventures, and other industry leaders. Serves as co-custodian alongside Coinbase.
• Canaccord Genuity Corp.coreChannel Partner/ Reseller/ DistributorLead agent/co-lead for 3iQ fund offerings including The Bitcoin Fund US$10 million offering. Syndicate co-lead with Echelon Wealth Partners for distribution of 3iQ products.
• Echelon Wealth Partners Inc.majorChannel Partner/ Reseller/ DistributorCo-lead agent for 3iQ fund offerings alongside Canaccord Genuity Corp.
• DynamicstrategicStrategic or Co-development PartnerDynamic launched Active Multi-Crypto ETF with 3iQ as digital asset pioneer partner.
• FurtherstrategicStrategic or Co-development PartnerFurther expanded Alpha Digital Fund with new USD Class II with 3iQ, combining BTC exposure with alpha generation.
• AlluvialstrategicTechnology or IntegrationAlluvial collaborated with 3iQ to expand staking services in Ether funds, highlighting industry leadership in Staked Ether ETPs.
• Anchorage DigitalcoreTechnology or IntegrationAnchorage Digital added as sub-custodian for The Bitcoin Fund.
• MV Index Solutions GmbH (MVIS)coreTechnology or IntegrationMVIS provides the MVIS CryptoCompare Bitcoin Benchmark Rate Index for valuing The Bitcoin Fund's bitcoin holdings. Index licensed for use by 3iQ.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Valkyrie Funds: US-based crypto asset manager operating Valkyrie Bitcoin Fund and Bitcoin Strategy ETF. Comparable in dedicated crypto fund management focus but focused on US market distribution.
• 21Shares: Swiss-based crypto ETP provider offering a broad suite of single-asset and basket crypto ETPs across European exchanges. Comparable in regulated crypto investment product innovation but operates primarily in European market.
• Bitwise Asset Management: US-based crypto asset manager offering Bitwise Bitcoin ETF (BITB) and other crypto funds. Comparable in digital asset fund management expertise and staking-yield product innovation but focused on US market.

Broad incumbents

• Grayscale Investments: Largest dedicated crypto asset manager globally with Grayscale Bitcoin Trust (GBTC) and subsequent spot Bitcoin/Ether ETFs. Comparable in digital asset fund management focus but operates at much larger scale in US and global markets.
• CoinShares: European-based digital asset investment firm and former co-branding partner on 3iQ CoinShares Bitcoin ETF (BTCQ). Operates a broader crypto asset management platform including CoinShares Physical Bitcoin ETP across European markets.

Direct peers

• Fidelity Investments Canada: Operates Fidelity Advantage Bitcoin ETF (FBTC) on TSX. Direct competitor in Canadian crypto ETF market with institutional distribution strength and established parent brand recognition comparable to 3iQ's positioning.
• Purpose Investments: Canadian investment manager operating Purpose Bitcoin ETF (BTCC), Purpose Ether ETF (ETHH), and Purpose Solana ETF, the most direct competitor to 3iQ in the Canadian regulated crypto ETF market with overlapping product lineup on TSX.
• CI Global Asset Management: Manages CI Galaxy Bitcoin ETF (BTCX) and CI Galaxy Ether ETF (ETHX) on TSX through partnership with Galaxy Digital. Direct Canadian competitor to 3iQ with similar institutional-focused crypto ETF offerings.
• Evolve Funds Group: Canadian ETF provider offering Evolve Bitcoin ETF (EBIT) and other crypto ETFs on TSX. Directly competes with 3iQ for Canadian crypto ETF investor capital with similar regulated product structures.
• Ninepoint Partners: Manages Ninepoint Bitcoin ETF (QBTC.U) on TSX, directly competing with 3iQ's Bitcoin Fund and Bitcoin ETF in the Canadian market with similar regulated product structure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/c/3iQDigitalAssetManagement
• LinkedInlinkedin.com/company/3iq-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 3iQ DIGITAL HOLDINGS INC.