3iQ To Launch An IPO Of The Ether Fund On The Toronto Stock Exchange
3iQ To Launch An IPO Of The Ether Fund On The Toronto Stock Exchange
December 7, 2020
3iQ To Launch An IPO Of The Ether Fund On The Toronto Stock Exchange
3iQ To Launch An IPO Of The Ether Fund On The Toronto Stock Exchange
December 7, 2020

3iQ, the Canadian digital asset investment manager, has planned to launch The Ether Fund, an IPO of an Ethereum exchange-traded trust, on the Toronto Stock Exchange (TSX) under the ticker QETH.U.

It has been reported that the maximum offering for the launch is $100 million, and the closing date of the offering will be no later than December 10, 2020.

However, 3iQ counts more than $400 million CAD under management and maintains a focus on Bitcoin, Litecoin, and Ethereum. 

3iQ noted that this listing comes with a patriotic back-story.

The company said:

“The concept of Ethereum was developed in Canada in 2013 and subsequently launched by a group of technologists from all over the world.”

Likewise, traders south of Canada’s borders have demonstrated a remarkable appetite for publicly available Ethereum investment vehicles.

Despite a price premium which at points creeped upwards of 500% relative to net asset value for ETHE, Grayscale’s Ethereum trust, the digital assets behemoth reports that more and more investors have been piling in.

ALSO READ :  $1.5M Grant Program Launched To Support The Development of EOSIO

The report said that these funds and trusts are the preferred investment method for many traders who are unable or unwilling to provide their own cryptocurrency custody and security options.

Thus, traders have enjoyed a proliferation of new fund offerings across the globe in recent months.

Source: Cointelegraph


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.