Ethereum Enters Canadian Stock Trading

0

Last Updated on 11 December 2020 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
View all posts

The world’s first stock that consists solely of Ethereum just launched in Canada, widening the intro of crypto to the general public. As boomers and the older members of generation x find it too difficult to enter the crypto platforms, it will be interesting to see whether this can attract new entrants to the cryptosphere.

Advertentie.

Gemini

It was the Winklevoss twins that came up with the idea of combining Ethereum with Canadian stock trading and it is therefore not surprising they were pushing the introduction from their social media accounts all day yesterday.

The so-called Ether Fund was introduced on the Toronto Stock Exchange after it successfully raised some $75 million from investors.

The fund is traded with the ticker QETH.U. On it’s first day of trading it saw a delayed entrance to the market but finally ended higher with some $310,000 in volume.

3iQ, the company that introduced the Ethereum-based fund, is proud to already introduce a second crypto product to the Canadian stock markets, after earlier starting the Bitcoin fund.

Our charter at 3iQ is to bring digital assets to the listed markets in a convenient and familiar fund format.

3iQ managing director Tom Lombardi claimed.

The Ether Fund is the country’s first regulated and major exchange listed ETH fund, and is the next step in our company’s journey. Both The Bitcoin Fund and The Ether Fund can also be held in Canadian registered retirement accounts.