TORONTO, July 24, 2020 (GLOBE NEWSWIRE) — 3iQ Corp. is pleased to announce that The Ether Fund (the “Fund”) has filed with the securities regulatory authorities in all of the Canadian provinces and territories of Canada (except for Québec) and received a receipt for its preliminary prospectus in relation to an initial public offering of Class A Units at a price of US$10.75 per Class A Unit and Class F Units at a price of US$10.53 per Class F Unit (the “Offering”).

The minimum size of the Offering is US$10,750,000 and the maximum size of the offering is US$107,500,000.

The Fund’s investment objectives are to provide holders of Class A Units and Class F Units with:

(a) exposure to the digital currency Ether and the daily price movements of the U.S. dollar price of Ether, and

(b) the opportunity for long-term capital appreciation.

3iQ Corp., will act as the investment manager and portfolio manager of the Fund.

The agent for the Offering is Canaccord Genuity Corp. (the “Agent”). The Fund has granted the Agent an option to purchase up to an additional 15% of the Class A Units issued on the closing date of the Offering, on the same terms and conditions, exercisable in whole or in part, for a period of 30 days from the closing date of the Offering.

3iQ is a Canadian investment fund manager focused on providing investors with exposure to digital assets. 3iQ manages the TSX-listed Bitcoin Fund, QBTC.U as well as a private fund, the 3iQ Global Cryptoasset Fund.  The private fund holds bitcoin, ether and litecoin and is available to accredited investors in Canada or in reliance upon other exemptions from the prospectus requirement.

Founded in 2012, 3iQ is currently focused on digital assets, disruptive technologies and the blockchain space. For further information, please visit our website at or contact the 3iQ office at (416) 639-2133.

This offering is only made by the preliminary prospectus of the Fund dated July 23, 2020. The preliminary prospectus contains important information relating to these securities and has been filed with securities commissions or similar authorities in all of the provinces and territories of Canada (except for Quebec) The preliminary prospectus is still subject to completion or amendment. Copies of the preliminary prospectus may be obtained from the Agent or at There will not be any sale or any acceptance of an offer to buy the Class A Units and the Class F Units until a receipt for the final prospectus has been issued by the relevant securities commissions in Canada.  Investors should read the prospectus before making an investment decision.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to matters disclosed in this news release and to other matters identified in public filings relating to the Fund, to the future outlook of the Fund and anticipated events or results and may include statements regarding the future financial performance of the Fund. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “estimate”, “predict”, “potential”, “continue” or other similar expressions concerning matters that are not historical facts. In particular, this news release includes forward-looking information relating to the anticipated completion of the Offering. Actual results may differ materially from results indicated in forward-looking information for a number of reasons, including the failure to close the transactions referenced in this news release on the terms and conditions currently contemplated by the Fund, or at all, as well the risk factors identified in the Fund’s preliminary prospectus dated July 23, 2020. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and we assume no obligation to update or revise them to reflect new events or circumstances, unless otherwise required by law.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or any applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy securities nor will there be any sale of such securities in any state in which such offer, solicitation or sale would be unlawful.