New Fund Exposes Canada's Traditional Investors to Ethereum
Canada-based 3iQ Corp announced on Thursday that Canadian regulators have approved a prospectus for “The Ether Fund,” opening the door for more traditional investors to gain exposure to Ethereum. The Ether Fund initial sale will offer shares until 10 December.
The Ether Fund offers shares for sale that represent ownership in a managed fund tracking the value of Ethereum, controlled by 3iQ. Like the existing Bitcoin Fund, Investors will be able to buy and sell shares of the Ether Fund on the Toronto Stock Exchange under the symbol QETH.U.
Earlier this year 3iQ launched The Bitcoin Fund with MVIS CryptoCompare Institutional Bitcoin Index, which launched in Canada in April 2020. Before it can activate, it will require a minimum of $20 million invested by December 10, and has a maximum total investment of $107.5 million.
