3iQ’s Ether Fund Gets Greenlight to List on Toronto Stock Exchange

Canadian investment fund manager, 3iQ Corp said it has received a regulatory receipt to float its Ether Fund through an initial public offering on the Toronto Stock Exchange.

A statement released today detailing the investment breakdown says the fund managed by 3iq is selling Class A units at $10.75 and Class F units at $10.53. The Ether Fund was conditionally approved to list on the Toronto Stock Exchange (TSX) as does the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Fund.

Subject to the fulfillment of TSX requirements, the Class A Units will be listed under the symbol 'QETH.U' and intend to raise a minimum of $10.75 million and a maximum of $107.5 million. Class F Units will not be listed on a stock exchange but will be reclassified as Class A Units immediately upon closing the offering.

The proposed exchange-traded product would provide stockholders with direct exposure to Ether value. The non-redeemable investment fund also aims to achieve capital appreciation through a long-term holding strategy. To induce more and more buyers, there is no limit on minimum purchases.

In spite of being traded on the Canadian exchange and operated by Canadian investment fund manager 3iq Corp, the value of the investment is denominated in U.S. dollars.

Toronto-based FinTech company launched Canada’s first regulated Bitcoin investment fund earlier in April. Additionally, 3iQ manages two private investment funds: 3iQ Bitcoin Trust and 3iQ Global Cryptoasset Fund, which started as a private placement available only to accredited and institutional investors in Canada.

Earlier this year, 3iQ announced the merger of 3iQ Bitcoin Trust into The Bitcoin Fund, and are distributing class B units of the fund as qualified under the prospectus.

With the filing, the company hopes to attract retail investors to its dedicated Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term fund. Further, if deemed effective, the listing would allow investors who purchase 3iQ shares in a private placement to sell their shares in the market.