Ethereum
ETF Launches in Canada After Raising $75 Million
The Toronto Stock Exchange has
listed its first Ethereum-based exchange-traded fund, after the 3iQ Ether
fund raised more than $75 million in contributions from investors.
3iQ announced that The Ether
Fund is now listed on the Toronto Stock Exchange. The firm holds nearly
134,000 ETH managed by Gemini Custody services, and manages The Ether Fund
itself. The fund is trading under the symbol QETH.U.
The firm has successfully
launched a similar bitcoin fund earlier this year. The ether product’0s
listing, it claims, marks a “world first,” and is aimed to provide investors
the ability to buy shares in the fund and receive exposure to ETH’s price
changes.
