{"id":130913,"date":"2020-12-11T06:44:44","date_gmt":"2020-12-11T03:44:44","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/world-first-ethereum-etf-debuts-in-canada-with-a-trading-halt\/"},"modified":"2020-12-11T06:44:44","modified_gmt":"2020-12-11T03:44:44","slug":"world-first-ethereum-etf-debuts-in-canada-with-a-trading-halt","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/world-first-ethereum-etf-debuts-in-canada-with-a-trading-halt\/","title":{"rendered":"# World first Ethereum ETF debuts in Canada \u2026 with a trading halt"},"content":{"rendered":"<p>&#8220;<strong># World first Ethereum ETF debuts in Canada \u2026 with a trading halt <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjAtMTIvOGYxNmE0MmQtODk4MS00NTg3LWJhYjQtYmRhMjBjNmMzYjlmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The world\u2019s first Ethereum-based fund to be listed on a major stock exchange opened for trading on Thursday, but not without some hiccups. Listed on the Toronto Stock Exchange, The Ether Fund (<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/money.tmx.com\/en\/quote\/QETH.U\">TSX:QETH.U<\/a>) opened for trading at $10.80 per share after completing a successful IPO in which $76.5 million was<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/money.tmx.com\/en\/quote\/QETH.U\/news\/4587502745194528\/The_Ether_Fund_Completes_Initial_Public_Offering\"> raised<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Now available in brokerage and registered retirement accounts&#8230;&#8230;.<\/p>\n<p>The Ether Fund (TSX:QETH.U) is the world&#8217;s first regulated and major exchange-listed ETH fund <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/t.co\/L2U7JCutf3\">https:\/\/t.co\/L2U7JCutf3<\/a> <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/t.co\/8PfgJgQcpK\">pic.twitter.com\/8PfgJgQcpK<\/a><\/p>\n<p>\u2014 3iQ Corp (@3iq_corp) <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/3iq_corp\/status\/1337098175971086336?ref_src=twsrc%5Etfw\">December 10, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>To the<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/ceo.ca\/QETH-U\"> concern<\/a> of interested traders, the fund was not available for trading upon the opening bell, officially halted because of a<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.stockwatch.com\/News\/Item?bid=Z-C:QETH-3003628&amp;symbol=QETH&amp;region=C\"> delay<\/a> in closing the fund\u2019s IPO prospectus. Trading actually<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.newswire.ca\/news-releases\/iiroc-trade-resumption-qeth-u-839293557.html\"> commenced <\/a>two hours late, with 345,331 shares being traded across the rest of the day. The fund reached an intra-day high of $11.48 before closing at $11.02. This represents a gain of 2.5% on a trading day in which the price of ETH was down by around 0.5%, creating a premium on the price of QETH.U shares.<\/p>\n<p>The fund was launched by Canada\u2019s biggest digital asset investment manager 3iQ, as a way for traders and investors to gain exposure to the Ethereum market without having to purchase, store or sell ETH themselves. At an average price of $565 per ETH, each share of QETH.U represented roughly 0.0187 ETH at the beginning of the trading day. The coins backing the fund\u2019s shares are being held by Gemini Custody, the custodial arm of crypto exchange giant Gemini.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">This is massive for Ether! <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/t.co\/K3ppQuDQdu\">https:\/\/t.co\/K3ppQuDQdu<\/a><\/p>\n<p>\u2014 Tyler Winklevoss (@tyler) <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/twitter.com\/tyler\/status\/1337177160579239936?ref_src=twsrc%5Etfw\">December 10, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Ether Fund joins 3iQ\u2019s other crypto-backed security, The Bitcoin Fund (<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/money.tmx.com\/en\/quote\/QBTC\">TSX:QBTC<\/a>), which was added to the exchange in late October. 3iQ was ranked the third biggest public digital asset fund in the world in a research<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.digitalassetresearch.com\/december-2020-etp-snapshot\/\"> report<\/a> released earlier this month. The company stressed the importance of offering crypto-backed securities on a major stock exchange in a press<a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/3iq.ca\/the-ether-fund-completes-initial-public-offering\/\"> release<\/a> accompanying the opening of QETH.U trading:<\/p>\n<blockquote><p>\u201cGaining access to digital assets [&#8230;] can be daunting, costly, and inconvenient. 3iQ offers investors convenient and familiar investment products to gain exposure to digital assets.\u201d<\/p><\/blockquote>\n<p>In Dec. 2017, the first American ETH-backed fund opened for trading, the Grayscale Ethereum Trust, which is listed on the OTC Pink market. The fund saw a increase of inflows through the 3rd quarter this year, signifying the arrival of a new group of \u201cEthereum first\u201d investors, according to Grayscale\u2019s managing director.<\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/world-first-ethereum-etf-debuts-in-canada-with-a-trading-halt\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# World first Ethereum ETF debuts in Canada \u2026 with a trading halt &#8221; The world\u2019s first Ethereum-based fund to be listed on a major stock exchange opened for trading on Thursday, but not without some hiccups. Listed on the Toronto Stock Exchange, The Ether Fund (TSX:QETH.U) opened for trading at $10.80 per share after&#8230;<\/p>\n","protected":false},"author":1,"featured_media":130914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-12\/8f16a42d-8981-4587-bab4-bda20c6c3b9f.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75849,74891,76550,22974,5007,70359,27142],"class_list":["post-130913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-etf","tag-ethereum","tag-grayscale","tag-canada","tag-ipo","tag-stocks","tag-toronto"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/130913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=130913"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/130913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/130914"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=130913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=130913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=130913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}