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3iQ’s Ether Fund (TSX:QETH.UN) completes private placements

Cryptocurrency
TSX:QETH.U
10 March 2021 15:30 (EDT)

3iQ’s Ether Fund (QETH.UN) has completed multiple private placements.

The fund exchanged a total of 1,038,618 of its Class A units.

The Ether Fund provides exposure to the U.S. dollar price of the digital currency Ether.

By acquiring assets from reputable Ether trading platforms and OTC counterparties, the fund provides investors with a safer and more convenient alternative to investing directly in Ether.

Gemini Trust Company acts as a sub-custodian of the fund’s assets.

3iQ believes an investment in Ether has a low correlation to traditional investment strategies.

3iQ is Canada’s largest digital asset investment fund manager with more than C$1.9 billion in assets under management. 3iQ was the first Canadian investment fund manager to offer a publicly listed Bitcoin fund, The Bitcoin Fund (QBTC).

The Ether Fund (QETH.UN) is up 0.66 per cent, trading at C$42.52 per share.

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