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.
The Ether ETF's (the Fund) investment objective is to provide unitholders with exposure to the daily price movements of the U.S. dollar price of Ether while experiencing minimal tracking error by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. To achieve its investment objectives, ETHR will invest in long-term holdings of Ether, purchased through Gemini Nustar LLC and/or other reputable Ether trading platforms (referred to as digital asset trading platforms or Ether trading platforms) and OTC counterparties, in order to provide investors with a convenient, secure alternative to a direct investment in Ether. ETHR will not speculate with regard to short-term changes in Ether prices.