Canadian fund management company 3iQ's Ethereum Fund has successfully listed and traded, closing up 2.5% on the first day
Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina), Author: CYRUS MCNALLY, reprinted with authorization by Odaily.
Editor's Note: This article comes fromCointelegraph Chinese (ID: CointelegraphChina)Cointelegraph Chinese (ID: CointelegraphChina)TSX:QETH.U, Author: CYRUS MCNALLY, reprinted with authorization by Odaily.
The world's first ethereum fund to list on a major stock exchange opened for trading on Thursday, but there have been some issues. Successful in its initial public offering (IPO)
raise funds
— 3iQ Corp (@3iq_corp) Ethereum Fund After $76.5 Million
Currently, the fund is available to broker-dealers and registered retirement accounts.WorryDecember 10, 2020put offinterested traders
WorryUnfortunately, the fund was unable to trade normally at the opening due to the fact that its IPO prospectusput off
Completed, the fund ceased trading for a period of time. QETH.U hit an intraday high of $11.48 before closing at $11.02. This represents a 2.5% gain in QETH.U on a day when ETH prices were down about 0.5%, creating a premium for QETH.U stock prices.
— Tyler Winklevoss (@tyler) Launched by 3iQ, Canada's largest digital asset investment management company, the fund provides traders and investors with a way to exchange funds without buying, storing or selling ETH.
The way. Based on the average price of $565 per ETH, the value of each QETH.U share is approximately 0.0187 ETH on the first day of trading. The ETH backing the fund’s shares is held in custody at Gemini Custody, the custody arm of cryptocurrency exchange Gemini.increasedThis means a lot for Ethereum!TSX:QBTCIn addition to this Ethereum fund, 3iQ has also launched other cryptocurrency funds.Reportincreasedbitcoin fund. A study published earlier this month
Report
Among them, 3iQ was rated as the third largest public digital asset fund management company in the world. News on the opening of trading in QETH.Upress conferenceLast week, 3iQ highlighted the importance of issuing cryptocurrency-backed securities on major stock exchanges.
