Canada-based crypto asset investment managing firm 3iQ will be finalizing the listing of an IPO of an Ether exchange-traded trust on the Toronto Stock Exchange (TSX), with the ticker QETH.U.

Specifically, the highest available offering for the release is reportedly $100 million, and the closing date would be before December 10, 2020.

3iQ reportedly currently has in its managing capacity over $400 million CAD, as well as maintaining a concentration on Bitcoin, Litecoin, and Ethereum. 

“The concept of Ethereum was developed in Canada in 2013 and subsequently launched by a group of technologists from all over the world,” 3iQ reportedly revealed that the launch is accompanied with a patriotic backstory.

Traders based south of Canada’s borders have reportedly showcased an exceptional demand for Ethereum, and can be widely used by the public, regarding investment vehicles. 

In spite of a price premium that can climb up to surpassing 500% in association with net asset value for ETHE, Grayscale’s Ethereum trust, the crypto asset heavyweight reportedly disclosed details that the number of newly onboarded investors are on a gradual rise.

These funds and trusts are reportedly the go-to investment option for numerous traders, who do not have the power are the intention of provisioning the crypto custody and security selections available to them.