Exciting times for investors in Canada, as buying Ethereum is now as simple as buying any other stock. If you don’t already have a trading account through your bank or other provider, I highly recommend getting one setup, especially if you are new to Crypto investing.
Toronto-based 3iQ Corp in partnership with CoinShares today announced the launch of an Ethereum ETF on the Toronto Stock Exchange (TSX). It will trade in Canadian dollars under the symbol ETHQ, and in U.S. dollars under the symbol ETHQ.U.
It’s the fourth Ethereum ETF to launch this week in Canada and the eighth crypto ETF now trading in the country. Canada is so far the only country in North America to approve such investment products.
An ETF is an investment product that lets people buy shares that represent an asset—be it real estate, foreign currencies or, in this case, crypto. With 3iQ’s new ETF, one simply buys shares that track the price of the underlying asset—Ethereum—and doesn’t have to worry about owning a cryptocurrency wallet and storage.Decrypt.co (April 23, 2021)