Canadian Regulator Approves Launch of ETH Investment Fund

Canadian company 3IQ Corp announced, that local regulators approved the launch of The Ether Fund investment fund, which will provide traditional investors with a simple way of investing in Ethereum.

The primary proposal of shares of the Fund will end 10 December. In this way, Investors have less than a week left for investing. During this period, the volume of the shares of The Ether Fund will be determined, At the same time, the issuance of additional shares is not provided.

3IQ already has a similar Bitcoin fund, approved by Canadian regulators in the fall 2019 year and launched in April 2020 of the year. As in the case of The Bitcoin Fund, The Ether Fund shares will be traded on the Toronto Stock Exchange under the Qeth.u symbol.

Note, what if Bitcoin has already made an attempt to set a new record in recent weeks several times, then with ETH the situation is much worse - now the second cryptocurrency is traded in $580, Whereas in January 2018 year ETH reached $1 400.

To launch The Ether Fund is necessary, to make the volume of investments before 10 December exceeded $20 million. At the same time, the maximum amount of investment is limited $107.5 million. Recall, that in early October, the Gibraltar stock exchange added to the listing The Bitcoin Fund from 3IQ.