Karsten Wenzlaff, Advisor
August 26th, 2025
Karsten Wenzlaff is a Crowdfunding and Fintech Expert from Germany. He is Secretary-General of Digit[...]
3iQ Adds USD Bitcoin Exposure To Alpha Fund
June 1, 2026 | NCFA Fintech Market Activity | Digital Assets Blockchain And Tokenization, Capital Markets And Funding, Capital Markets And Market Infrastructure
New Share Class Matches Bitcoin Exposure To Investor Workflows
On June 1, 2026, Further and 3iQ introduced USD Class II for the Further x 3iQ Alpha Digital Fund, adding a new share class for USD investors who want long Bitcoin exposure plus digital asset alpha without buying, converting, or custodying BTC directly.
3iQ and Further aren't just selling Bitcoin exposure. They are separating investor needs by base currency, custody preference, and risk objective. The fund now has three share classes:
- USD Class I focuses on mostly market neutral digital asset alpha
- USD Class II gives USD investors Bitcoin linked exposure plus alpha
- BTC Class lets investors subscribe and redeem in BTC
See: 3iQ Picks Anchorage For Canadian Crypto Fund Custody
Tommaso Mancuso, President and CIO, 3iQ:
“USD Class II combines two things institutional investors increasingly want in the same product. It pairs disciplined alpha generation across liquid digital asset markets with long exposure to Bitcoin's scarcity and convexity. Delivering both within a USD-denominated, institutionally risk-managed structure is what makes this share class distinctive.”
Share Classes Match Different Investor Jobs
The useful part is the share class design. Allocators are not all trying to solve the same objective. Some want USD Class I focused on active digital asset returns with less reliance on Bitcoin’s price direction. Some want Bitcoin exposure but need to fund and redeem in USD. Others already hold BTC and want to stay in BTC instead of selling first.
USD Class II reduces one operational problem. It gives USD investors Bitcoin linked exposure without asking them to source or custody BTC themselves (which can slow adoption even when investors already believe in the asset class).
3iQ brings a longer Canadian product history into this launch. The company was founded in 2012 and says it launched the world’s first Digital Assets Managed Account Platform. It also points to earlier Bitcoin and Ethereum ETP launches, staking integration in Ethereum and Solana ETPs, and other regulated ETPs.
See: KOHO Adds Regulated Crypto Trading Inside Its Money App
In February 2026, Coincheck completed its 3iQ acquisition, including 3iQ’s regulated product track record in Canada. The question now is whether this share class design attracts allocator demand, not whether Bitcoin access exists.
Talking Point
Will institutional digital asset adoption grow more through broad Bitcoin exposure, or through fund structures that let allocators choose currency, custody, alpha, and beta on their own terms?
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, artificial intelligence, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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