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 ETFs investment objective is to provide holders of Units exposure to Ether through an institutional-quality fund platform. To achieve its investment objective, the ETF will invest directly in ETH and will utilize high-quality service providers in the digital assets sector in order to manage the assets of the ETF. The ETFs portfolio will be priced based on, and the Net Asset Value of the ETF will be calculated using, the Bloomberg Galaxy Ethereum Index or such other index as the Manager may select from time to time, in its discretion. The ETH Index is designed to measure the performance of a single ETH traded in U.S. dollars and is owned and administered by Bloomberg Index Services Limited and is co-branded with the Subadvisor, however the Subadvisor has no input into the pricing of the ETH Index. The ETH Index is calculated using Bloomberg Crypto Fixing as its primary input.