DECEMBER 31, 2018 CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
This presentation (the “Presentation”) has been prepared by 3iQ Corp. (the Past performance of cryptoassets is not indicative of “Manager”) for information purposes only and is confidential and for the use of future performance and should not be used to forecast accredited investors and their advisors only. The contents are not to be any return that an investor may realize on the Units of the communicated, reproduced or distributed to the public or press. Prospective Trust. Past performance of cryptoassets does not investors must not rely on this Presentation as part of any assessment of any necessarily reflect the performance of the Trust if it had potential investment and should not treat the contents of this Presentation as advice been in existence at the time of the cryptoassets’ debut relating to legal, taxation, financial or investment matters. Prospective investors are as such performance does not take into consideration the strongly advised to make their own inquiries and consult their own professional costs and expenses associated with the operation of the advisers as to the legal, tax, accounting and related matters concerning the Trust. The Funds are generally exposed to the following acquisition, holding or disposal of an investment. The Manager makes no risks. See the Offering Memorandum dated December representation or warranty to any investor regarding the legality of any investment, 2018 for a description of these risks: No Assurance in the income or tax consequences, or the suitability of an investment for such investor. Achieving Investment Objectives, No Listing, Loss of Investment, Fluctuation in Value of Cryptoassets, The presentation should be read in conjunction with the Offering Memorandum Concentration Risk, Reliance on the Manager , Reliance dated December 2018. The information contained herein, while obtained from on the Cryptoasset Consultant, No Ownership Interest in sources believed to be reliable, is not guaranteed as to its accuracy or completeness the Cryptoasset Portfolio, Changes in Legislation, Conflicts and confers no right on purchasers. The presentation is for information purposes of Interest , Valuation of the Fund, Significant only and does not constitute an offer to sell or a solicitation to buy the securities Redemptions, Limited Liquidity in the Units, Limited referred to herein. No securities regulatory authority has expressed an opinion about Operating History, Not a Fund Company, Exchange Rate these securities and it is an offence to claim otherwise. Capitalized terms used herein Risk, Liquidity Constraints on Cryptoasset Markets may but not defined have the meanings ascribed to them in the Offering Memorandum. Impact the Fund’s Holdings, Tax Risk. LAST UPDATED: December 31, 2018 | CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
The 3iQ Global Cryptoasset Fund is an institutional quality portfolio that offers accredited investors core exposure to bitcoin, ether, and litecoin. bitcoin ether litecoin CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
✓ Diversified portfolio of core cryptoassets ✓ Non-correlated to traditional investments ether bitcoin ✓ Cost-efficient, convenient, and secure participation ✓ Registered accounts eligible ✓ Tax efficient structure litecoin ✓ Selected leading cryptoasset custodian ✓ Dedicated vaults for BTC, ETH, and LTC CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
✓ Recognized as top disruptive technology investment firm ✓ First public fund manager to invest in bitcoin ✓ Provider of original research ✓ Inspires and educates as a thought leader ✓ Access to institutional level liquidity ✓ Safe and secure confidential transactions ✓ Experienced firms working with global counterparties CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
MONETARY PROPERTY COLLECTABLES GOLD LD BAN ANKNOTES BITCOIN Intrinsic Value lo low very hig high high hig high hig (individual rec ecourse e if this mo monet etary y tra rade network collapses) Portability ( tra low lo medium very hig high very hig high ransaction va vari riable costs) Divisibility very lo low hig high very hig high very hig high (ease e of contr tracting fractional units ts, tra ransaction fixed ed costs) Scarcity medium very hig high lo low very hig high (ab ability y to resist expansion of the he money sup upply, y, inf nflation tax ax) Recognizability lo low medium hig high very hig high (assay y costs ts) Fungibility low lo very hig high lo low very hig high (ease e of va value e calculations, main mainten enance e of recognizability) y) Durability hig high hig high hig high high hig (total sto torage, e, mi mining and mai mainten enance costs, security) Source: 3iQ Corp. CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
A digital ledger that All information It is decentralised, It can be used for Encrypted keeps a record of all transferred via so there’s no need much more than the information can transactions taking blockchain is en- for any central, transfer of currency; be shared across place on a peer-to- crypted and every certifying authority contracts, records multiple peer network occurrence and other kinds of providers recorded, meaning data can be shared without risk of a it cannot be altered privacy breach Source: IoT World News CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
bi bitcoi oin (B (BTC) eth ther (ETH) (ETH) litecoi oin (L (LTC) C) Da Date Created January-09 July-15 October-11 Current Coi oin Su Supply 17.45 MM 104.3 MM 59.98 MM Max x Coi oin Sup Supply 21 MM N/A 84 MM Mar arket Cap apitalization $64B $14B $1.3B Blo lockchain Siz Size 232.5 GB 667.10 GB 168.10 GB Average Blo lock Tim ime (m (min/sec) 9m 40s 15.4s 10m 9s Lig Lightning Network Yes N/A Yes Sm Smart Contracts Yes Yes No (but in progress) User ser An Anonymity Low Low Low Source: Bitinfocharts.com, represented in USD, last updated December 31, 2018. CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
Source: 3iQ Corp., based on monthly returns from September 30, 2013 to December 31, 2018. CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
Source: ARK Investment Management LLC, data sourced from Bitcoin Wiki CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
Source: Data as at December 31, 2018 from Blockchain.com CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
✓ more stable and liquid spot exchanges ✓ greater regulatory approval ✓ broader ownership ✓ increasingly reliable price discovery data Source: Bloomberg. Data as of December 31, 2018. CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
Source: Bloomberg. Data as at December 31, 2018. CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
Source: Bloomberg. Data as at December 31, 2018. CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
Source: Bloomberg. Data as at December 31, 2018. CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
ARK INVESTMENT MANAGEMENT LLC (“ARK”) COINBASE INC. (“COINBASE”) ARK was formed in June 2013 and Coinbase, Inc. is the custodian of the Relationships with registered as an investment adviser Trust’s bitcoin, ether and litecoin. independent and with the U.S. Securities and Located in San Francisco, California, diversified principal Exchange Commission in January USA, Coinbase is a cryptoasset trading firms that can 2014. As of September 2015 ARK custodian and exchange service provider provide institutional level became the first public fund that maintains money transmitter liquidity in the digital manager to invest in bitcoin. licenses in 38 US jurisdictions. Coinbase currency space. is one of the first three companies to hold a BitLicense. CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
Annualized Cryptoasset Data Start 3 mos. 6 mos. 1 yr. 2 yr. 3 yr. Since Sharpe Sortino Inception Ratio Ratio bitcoin 19-July-10 -44% -38% -73% 94% 104% 256% 2.3 4.8 ether 06-Aug-15 -43% -68% -84% -21% 280% 292% 1.6 2.2 litecoin 29-Apr-13 -52% -60% -88% 156% 103% 40% 0.3 0.6 Performance returns of each cryptoasset is compounded since its respective inception dates. Ratios are calculated using the 10 Year US T-Bill as published by the the US Department of Treasury on December 31, 2018. All cryptocurrency performance data are calculated from the price published by Bloomberg as at December 31, 2018. Note: Past performance of cryptoassets is not indicative of future performance. CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
CONFIDENTIAL - FOR ACCREDITED INVESTOR USE ONLY
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