Evolve Funds has filed to launch an Ethereum-based exchange-traded fund (ETF).
Evolve files preliminary prospectus for Ether ETF — Read the press release here: https://t.co/KGwqUnP0nS pic.twitter.com/VSySTBjLhO
— Evolve ETFs (@EvolveETFs) March 2, 2021
According to the filing, the custodian for the new product will be Cidel Trust Company, and the sub-custodian — Gemini Custody of the Winklevoss brothers. If approved, the ETF would be listed on the Toronto Stock Exchange.
Earlier, the Ontario Securities Commission granted approval for Evolve Funds Group to launch a Bitcoin-based ETF.
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