Blab Crypto
3iQ Adds Anchorage Digital as Sub-Custodian for The Bitcoin Fund
On June 23 2026, investment‑management firm 3iQ Corp announced that Anchorage Digital will serve as an additional sub‑custodian for its publicly listed Bitcoin Fund. The move expands the fund’s multi‑custody framework, which already relies on Tetra Trust as the primary custodian, and takes effect immediately without changing the fund’s investment objectives, strategy, fees, ticker symbols or Toronto Stock Exchange listing.
The Bitcoin Fund is a closed‑end vehicle that gives unitholders exposure to the U.S. dollar price of bitcoin. Units trade on the TSX under the symbols QBTC and QBTC.U, and the fund’s mandate is to track daily price movements of bitcoin while offering long‑term capital appreciation potential.
Founded in 2012, 3iQ Corp is a leading alternative digital‑asset manager. It pioneered the Digital Assets Managed Account Platform (QMAP) and launched the first Bitcoin and Ethereum exchange‑traded products on major global exchanges. 3iQ is a subsidiary of Coincheck Group N.V., a NASDAQ‑listed holding company headquartered in the Netherlands.
Anchorage Digital is a global crypto platform that offers institutions trading, staking, custody, governance, settlement and stable‑coin issuance services. The company operates Anchorage Digital Bank N.A., the first federally chartered crypto bank in the United States, and maintains regulated entities in Singapore, New York and Portugal. Anchorage Digital has a valuation of $4.2 billion and is backed by investors such as Andreessen Horowitz, GIC, Goldman Sachs, KKR and Visa.
Under the new arrangement, Anchorage Digital will act as a sub‑custodian, adding institutional‑grade infrastructure and security controls to the fund’s existing custody framework. Tetra Trust remains the primary custodian and continues to manage day‑to‑day custody operations. The addition is intended to provide the fund with greater operational flexibility and enhanced security for its digital‑asset holdings.
Tommaso Mancuso, President and Chief Investment Officer of 3iQ, said the partnership is an important operational milestone. He noted that as digital‑asset investment products mature, custody infrastructure remains central to investor protection, operational resilience and long‑term scalability. "Anchorage Digital’s regulated infrastructure aligns with the needs of the fund and its unitholders," Mancuso added.
3iQ will file a material‑change report with the Canadian securities regulator to disclose the addition of Anchorage Digital as a sub‑custodian. The filing will be posted on the fund’s profile on SEDAR+ at www.sedarplus.ca and will provide detailed information on the custody arrangement.
The move reflects a broader trend in the crypto industry toward multi‑custody solutions that combine the strengths of different custodians. Institutional investors increasingly demand robust security, regulatory compliance and operational flexibility. By adding Anchorage Digital, the Bitcoin Fund strengthens its custody posture without altering its investment mandate or fee structure.
At present, the Bitcoin Fund’s investment strategy, management fee, ticker symbols and TSX listing remain unchanged. The addition of Anchorage Digital is a structural enhancement that will be disclosed to investors through the forthcoming material‑change filing. No immediate market impact is expected, but the expanded custody framework positions the fund to better serve institutional and retail investors seeking exposure to bitcoin.
The Bitcoin Fund is a closed‑end vehicle that gives unitholders exposure to the U.S. dollar price of bitcoin. Units trade on the TSX under the symbols QBTC and QBTC.U, and the fund’s mandate is to track daily price movements of bitcoin while offering long‑term capital appreciation potential.
Founded in 2012, 3iQ Corp is a leading alternative digital‑asset manager. It pioneered the Digital Assets Managed Account Platform (QMAP) and launched the first Bitcoin and Ethereum exchange‑traded products on major global exchanges. 3iQ is a subsidiary of Coincheck Group N.V., a NASDAQ‑listed holding company headquartered in the Netherlands.
Anchorage Digital is a global crypto platform that offers institutions trading, staking, custody, governance, settlement and stable‑coin issuance services. The company operates Anchorage Digital Bank N.A., the first federally chartered crypto bank in the United States, and maintains regulated entities in Singapore, New York and Portugal. Anchorage Digital has a valuation of $4.2 billion and is backed by investors such as Andreessen Horowitz, GIC, Goldman Sachs, KKR and Visa.
Under the new arrangement, Anchorage Digital will act as a sub‑custodian, adding institutional‑grade infrastructure and security controls to the fund’s existing custody framework. Tetra Trust remains the primary custodian and continues to manage day‑to‑day custody operations. The addition is intended to provide the fund with greater operational flexibility and enhanced security for its digital‑asset holdings.
Tommaso Mancuso, President and Chief Investment Officer of 3iQ, said the partnership is an important operational milestone. He noted that as digital‑asset investment products mature, custody infrastructure remains central to investor protection, operational resilience and long‑term scalability. "Anchorage Digital’s regulated infrastructure aligns with the needs of the fund and its unitholders," Mancuso added.
3iQ will file a material‑change report with the Canadian securities regulator to disclose the addition of Anchorage Digital as a sub‑custodian. The filing will be posted on the fund’s profile on SEDAR+ at www.sedarplus.ca and will provide detailed information on the custody arrangement.
The move reflects a broader trend in the crypto industry toward multi‑custody solutions that combine the strengths of different custodians. Institutional investors increasingly demand robust security, regulatory compliance and operational flexibility. By adding Anchorage Digital, the Bitcoin Fund strengthens its custody posture without altering its investment mandate or fee structure.
At present, the Bitcoin Fund’s investment strategy, management fee, ticker symbols and TSX listing remain unchanged. The addition of Anchorage Digital is a structural enhancement that will be disclosed to investors through the forthcoming material‑change filing. No immediate market impact is expected, but the expanded custody framework positions the fund to better serve institutional and retail investors seeking exposure to bitcoin.
