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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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Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
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