The Ether Fund (QETH.U) – USD

Net Asset Value per Unit (NAVPU) November 29, 2021 $76.7004
Net Asset Value (NAV) November 29, 2021 $830,713,509.15
Net Asset Value per Unit at Inception December 10, 2020 $10.0715

The Ether Fund (QETH.UN) – CAD

Net Asset Value per Unit (NAVPU) November 29, 2021 $97.8197
Net Asset Value (NAV) November 29, 2021 $1,059,448,423.87
Net Asset Value per Unit at Inception January 18, 2021 $27.7682

The Ether Fund – Fund Information

Prospectus (EN)
Prospectus (FR)
October Fund Profile (EN)
Legal, Financial & Regulatory

Exchange: Toronto Stock Exchange (TSX)

Ticker: QETH.U, QETH.UN

Currency: USD, CAD

Units Outstanding: 10,830,629 ‡ 

Units per ETH: 57.43

ETH per Unit: 0.01741353

CUSIP: 29764L108

ISIN: CA29764L1085

Management Fee: 1.95%

Eligibility: RRSP, RRIF, RDSP, DPSP, RESP, TFSA

Benchmark Index: MVIETH

Custody Services: Cidel Trust Company

Sub-Custodian: Gemini Trust Company, LLC

Fund Valuation: SGGG Fund Services Inc.

Transfer Agent: TSX Trust

Accounting: SGGG Fund Services Inc.

Auditor: Raymond Chabot Grant Thornton LLP

Legal Counsel: Osler, Hoskin & Harcourt LLP

As of November 29, 2021


*May be lower due to a small cash balance in the portfolio holdings. Minimum investment restrictions are outlined in the prospectus.

Net Asset Value per Unit (NAVPU) and Market Price

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*Net Asset Value per Unit (NAVPU) is calculated by the Administrator daily as at 4:00pm ET. The Fund’s ether is valued based on the MVIS CryptoCompare Institutional Ethereum Index (MVIETH) maintained by MV Index Solutions GmbH (MVIS).

**Market price data is provided by the Toronto Stock Exchange (TSX). Market price reflects the closing price of The Ether Fund on the TSX under the symbol QETH.U as at 4:00pm ET. 3iQ Corp does not verify any data and disclaims any obligation to do so. 3iQ Corp, its data or content providers, the financial exchanges and each of their affiliates and business partners (A) expressly disclaim the accuracy, adequacy, or completeness of any data and (B) shall not be liable for any errors, omissions or other defects in, delays or interruptions in such data, or for any actions taken in reliance thereon.

Historical MVIS CryptoCompare Institutional Ethereum Index Values

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^The Fund’s bitcoin is valued based on the MVIS CryptoCompare Institutional Ethereum Index (MVIETH) maintained by MV Index Solutions GmbH (MVIS). The index is calculated daily between 00:00 and 24:00 ET and the index values are disseminated to data vendors every 15 seconds. The index is disseminated in USD and the closing value is calculated at 16:00 ET with fixed 16:00 ET exchange rates.

Units Outstanding

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^^The Ether Fund is structured as a closed-end fund that issues a fixed number of units. Units have been offered to the public during the Initial Public Offering (IPO) in December 2020, and in private placements to accredited investors. Management is precluded by OSC regulations from offering any units where net proceeds to the fund would be below net asset value.

News

Proxy Voting

The Ether Fund does not hold securities of any company or other issuer. Therefore, The Ether Fund did not vote any proxies during the regulatory reporting period.

Disclaimer

THESE MATERIALS AND THE INFORMATION CONTAINED HEREIN, IS RESTRICTED AND IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR ANY JURISDICTION IN WHICH THE SAME WOULD BE UNLAWFUL. ​

These materials do not constitute an offer to sell or issue or the solicitation of an offer to buy or subscribe for securities in the United States or any other jurisdiction. Neither the 3iQ Corp.’s (the “Manager”) nor the Trust’s securities have been nor will be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), nor under the applicable securities laws of any state or other​ jurisdiction of the United States, and may not be offered, sold, resold, transferred or delivered, directly or indirectly within, into or in the United States, absent registration or an applicable exemption from, or except in a transaction not subject to, the registration requirements of the Securities Act and in compliance with the securities laws of any relevant state or other jurisdiction of the United States. No securities regulatory authority has expressed an opinion about these securities and it is an offence to claim otherwise.​

There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. The indicated rates of return are the historical annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account certain fees such as redemption fees or optional charges or income taxes payable by any securityholder that would have reduced returns. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated.​

You will usually pay brokerage fees to your dealer if you purchase or sell units of the Trust on the Toronto Stock Exchange or other alternative trading system (an “exchange”). If the units are purchased or sold on an exchange, investors may pay more than the current net asset value when buying units of the Trust and may receive less than the current net asset value when selling them.

Information contained in the prospectus or applicable offering documents, includes the investment objectives and potential strategies of the Trust, and a description of management fees, and other charges and expenses. You can find more detailed information about the Fund and its public filings available at www.sedar.com  ​

Certain statements in this document are forward-looking statements, including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “target”, “seek”, “will” and similar expressions to the extent they relate to the Trust and the Manager. Forward-looking statements are not historical facts but reflect the current expectations of the Fund and the Manager regarding future results or events. Such forward-looking statements reflect the Fund’s and the Manager’s current beliefs and are based on information currently available to them. Forward-looking statements are made with assumptions and involve significant risks and uncertainties. Although the forward-looking statements contained in this document are based upon assumptions that the Fund and the Manager believe to be reasonable, none of the Fund or the Manager can assure investors that actual results will be consistent with these forward-looking statements. As a result, readers are cautioned not to place undue reliance on these statements as a number of factors could cause actual results or events to differ materially from current expectations.​

Some of these risks, uncertainties and other factors are described in the offering documents for the relevant Trusts under the heading “Risk Factors”. These factors – many of which are beyond the Manager’s control and the effects of which can be difficult to predict – include: no assurance in achieving investment objectives, loss of investment, volatility and fluctuation in value of cryptoassets, concentration risk, reliance on the Manager, no ownership interest in the cryptoasset portfolio, changes in legislation, conflicts of interest, valuation, significant redemptions, limited liquidity in the units, limited operating history, exchange rate risk, liquidity constraints on cryptoasset markets, tax risk, risks associated with blockchain networks and forks, risks associated with digital asset platforms and cybersecurity.​​

The forward-looking statements contained herein were prepared for the purpose of providing prospective investors with general educational background information about cryptoassets and the Funds and may not be appropriate for other purposes. None of the Trust or the Manager assumes any obligation to update or revise them to reflect new events or circumstances, except as required by law.​

MVIS CryptoCompare Bitcoin Benchmark Rate Index (the “Index”) is the exclusive property of MV Index Solutions GmbH (“MVIS”) and has been licensed for use by 3iQ Corp. (the “Licensee”). MVIS has contracted with CryptoCompare Data Limited to maintain and calculate the Indexes. CryptoCompare Data Limited uses its best efforts to ensure that the Indexes are calculated correctly subject to the accuracy of any data that has been provided to it by third parties. Irrespective of its obligations towards MVIS, CryptoCompare Data Limited has no obligation to point out errors in the Indexes to third parties. In particular, MVIS is not responsible for the Licensee and/or for Licensee’s legality or suitability and/or for Licensee’s business offerings. Offerings by Licensee, may they be based on the 3iQ Coinshares Bitcoin ETF or not, are not sponsored, endorsed, sold, or promoted by MVIS, Van Eck Associates Corporation as its parent company or its affiliates (collectively, “VanEck”), and MVIS and VanEck make no representation regarding the advisability of investing in Licensee and/or in Licensee’s business offerings. MVIS, VanEck and its affiliates make no warranties and bear no liability with respect to Licensee.

Any descriptions of, references to, or links to other products, publications or services does not constitute an endorsement, authorization, sponsorship by or affiliation with 3iQ with respect to any linked site or its sponsor, unless expressly stated by 3iQ. Any such information, products or sites have not necessarily been reviewed by 3iQ and are provided or maintained by third parties over whom 3iQ exercises no control. 3iQ expressly disclaims any responsibility for the content, the accuracy of the information, and/or quality of products or services provided by or advertised on these third-party sites. By clicking on any of the links included on this website, you acknowledge that you will be taken to a third-party site, which is not managed by 3iQ.

3iQ Corp. (“3iQ”) is a Canadian investment fund manager focused on providing investors with exposure to digital assets, disruptive technologies and the blockchain space. 3iQ was the first Canadian investment fund manager to agree to terms and conditions with the Canadian securities regulatory authorities to manage a public bitcoin investment fund and multi-cryptoasset fund for Canadian accredited investors. Units of certain 3iQ Funds are offered through prospectus and through prospectus exemptions.  Please read the offering documents carefully before investing.