{"id":33211,"date":"2020-12-11T12:48:28","date_gmt":"2020-12-11T10:48:28","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33211"},"modified":"2025-08-28T12:45:17","modified_gmt":"2025-08-28T09:45:17","slug":"3iqs-ethereum-fund-raises-76-5-million-in-ipo","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/3iqs-ethereum-fund-raises-76-5-million-in-ipo\/","title":{"rendered":"3iQ&#8217;s Ethereum Fund raises $76.5 million in IPO"},"content":{"rendered":"<p>The Canadian company 3iQ completed the initial public offering of The Ether Fund. The Ethereum-based fund raised $76.5 million.<!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Now available in brokerage and registered retirement accounts\u2026\u2026.<\/p>\n<p>The Ether Fund (TSX:QETH.U) is the world\u2019s first regulated and major exchange-listed ETH fund <a href=\"https:\/\/t.co\/L2U7JCutf3\">https:\/\/t.co\/L2U7JCutf3<\/a> <a href=\"https:\/\/t.co\/8PfgJgQcpK\">pic.twitter.com\/8PfgJgQcpK<\/a><\/p>\n<p>\u2014 3iQ Corp (@3iq_corp) <a href=\"https:\/\/twitter.com\/3iq_corp\/status\/1337098175971086336?ref_src=twsrc%5Etfw\">December 10, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Securities under ticker QETH.U <a href=\"https:\/\/money.tmx.com\/en\/quote\/QETH.U\" target=\"_blank\" rel=\"noopener noreferrer\">began trading<\/a> on December 10 on the Toronto Stock Exchange. Trades started at $10.80. The price reached an intraday high of $11.48 and then stabilized around $11.<\/p>\n<p>Details of the forthcoming IPO of 3iQ\u2019s Ethereum Fund <a href=\"https:\/\/forklog.com\/en\/news\/canadian-firm-3iq-to-launch-ipo-of-ethereum-based-etf\">became known<\/a> last week. According to <a href=\"https:\/\/money.tmx.com\/en\/quote\/QETH.U\/news\/4587502745194528\/The_Ether_Fund_Completes_Initial_Public_Offering\" target=\"_blank\" rel=\"noopener noreferrer\">press release<\/a>, a total of 7,240,000 Class A and Class F shares were issued. The custody of the fund\u2019s Ethereum assets has been entrusted to Gemini\u2019s custody arm of the Winklevoss brothers\u2019 exchange.<\/p>\n<p>The value of crypto assets under management by 3iQ has surpassed C$400 million. The company is focused primarily on Bitcoin, Ethereum and Litecoin.<\/p>\n<p>Just over a year ago, 3iQ received approval to launch a retail Bitcoin fund. In October this year, <a href=\"https:\/\/forklog.com\/en\/news\/tsx-launches-canadian-dollar-trading-of-3iqs-the-bitcoin-fund-shares\">trading<\/a> of the Bitcoin fund\u2019s shares under the ticker QBTC on the Toronto Stock Exchange began.<\/p>\n<p>Earlier in November, the value of Grayscale Ethereum Trust assets <a href=\"https:\/\/forklog.com\/en\/news\/grayscale-ethereum-trust-assets-top-1-billion\">surpassed $1 billion<\/a>.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Facebook<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian company 3iQ completed the initial public offering of The Ether Fund. The Ethereum-based fund raised $76.5 million.<\/p>\n","protected":false},"author":1,"featured_media":33212,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1597,771,46,1156,1211],"class_list":["post-33211","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-3iq","tag-canada","tag-ethereum","tag-institutional-investors-and-whales","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33211","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33211"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33211\/revisions"}],"predecessor-version":[{"id":33213,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33211\/revisions\/33213"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33212"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33211"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33211"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33211"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}