Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people around the world achieve their financial goals through our investing services and financial advice. Our goal is to help every Canadian achieve financial freedom.
Purpose Ether ETF the Fund seeks to buy and hold substantially all of its assets in the digital currency Ether and seeks to provide holders of ETF units with the opportunity for long-term capital appreciation. The Fund To achieve its investment objective, the Fund invests in and holds substantially all of its assets in Ether in order to provide unitholders with a secure, convenient, lower-cost alternative to a direct investment in Ether. The Fund will not speculate with regard to short term changes in Ether prices. The Fund will not use derivatives instruments, the underlying interest of which is Ether, for non-hedging purposes. In respect of the ETF Carbon Offset Units, the Fund will purchase carbon offset credits in order to aim to neutralize the carbon footprint related to the Funds Ether allocable to this class.