Evolve Funds has applied 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 application, the custodian of the new product will be the Cidel Trust Company, and the sub-custodian – Gemini Custody of the Winklevoss brothers. If approved, the ETF will be listed on the Toronto Stock Exchange.
What is Bitcoin ETF?
Earlier, the Ontario Securities Commission issued a permit to Evolve Funds Group to launch a Bitcoin ETF.
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