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Canada’s 4th Ether ETF, From 3iQ and CoinShares, Begins Trading on the TSX

This is the second 3iQ and CoinShares ETF to launch on the TSX this week.

Updated Sep 14, 2021, 12:45 p.m. Published Apr 23, 2021, 1:37 p.m.

Canadian digital asset manager 3iQ Corp and investment firm CoinShares have launched an ether exchange-traded fund (ETF), now trading on the Toronto Stock Exchange (TSX).

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In an announcement Friday, 3iQ said the 3iQ CoinShares Ether ETF will trade in Canadian dollars under the ticker ETHQ and in U.S. dollars under the symbol ETHQ.U.
Ether is the second-largest digital asset behind bitcoin with a market capitalization of over $300 billion as of April 22.
The ETF will give investors exposure to the daily price movements of ether and the opportunity for long-term capital appreciation, said the firm.
3iQ and CoinShares announced their intention to launch both ether and bitcoin ETFs on the TSX earlier this month.
On Monday, they launched the 3iQ CoinShares Bitcoin ETF, the fourth such bitcoin ETF to trade in the nation of 38 million.
As reported by CoinDesk, on April 16, three ether ETFs, launched by Purpose Investments, CI Global Asset Management and Evolve ETFs, all received approval and began trading on the TSX on April 20.

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Tanzeel Akhtar

Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.