Ethereum ETFs from 3iQ Corp and CoinShares approved in Canada

Asset manager 3iQ Corp has announced the launch of the 3iQ CoinShares Ether ETF, an Ethereum-based exchange-traded fund.

The financial instrument was listed on April 23 at the Toronto Stock Exchange (TSX). It is traded in Canadian dollars under the ticker ETHQ and in US dollars under the ticker ETHQ.U.

On April 19, Canadian regulators approved the launch of the 3iQ CoinShares Bitcoin ETF.

On April 16, Purpose Investments, CI Global Asset Management and Evolve Funds launched the world’s first Ethereum-based ETFs. Trading on the TSX started on April 20 .

Recall that the US Securities and Exchange Commission has begun considering applications from VanEck , WisdomTree and Kryptoin to launch a Bitcoin ETF.

In addition, NYDIG ,  Bitwise ,  Valkyrie Digital Assets ,  Kryptoin ,  SkyBridge Capital with First Trust Advisors ,  Fidelity Investments  and  Galaxy Digital have applied to launch a digital gold exchange-traded fund  .

Earlier, Brazil  registered the  first exchange-traded fund in Latin America based on the first cryptocurrency.

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