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SVTPerformance's Chain of Restaurants
Road Side Pub
BITCOIN
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<blockquote data-quote="quad" data-source="post: 16585047" data-attributes="member: 17952"><p>I wish I converted more ETH to ADA. I'll wait until ADA calms down. There is a lot of Ethereum FUD at the moment and ADA is being hyped up lol!</p><p></p><p>This is some bullish news on Ethereum:</p><p></p><p><a href="https://finance.yahoo.com/news/canada-ci-global-files-world-125151934.html" target="_blank">Canada’s CI Global Files for What Would Be World’s First Ether ETF</a></p><p></p><p>The world’s first ether exchange-traded fund (ETF) may be on the way, after CI Global Asset Management filed a preliminary prospectus in Canada on Thursday.</p><ul> <li data-xf-list-type="ul">In an <a href="https://www.businesswire.com/news/home/20210225005360/en" target="_blank">announcement</a>, the firm said its proposed “CI Galaxy Ethereum ETF” would be the first ETF in the world to invest directly in <a href="https://finance.yahoo.com/price/ethereum" target="_blank">ether</a>, the native cryptocurrency of the Ethereum network.<br /> <br /> </li> <li data-xf-list-type="ul">If approved, the ETF would trade on the Toronto Stock Exchange (TSX) under the ticker “ETHX.”<br /> <br /> </li> <li data-xf-list-type="ul">Galaxy Digital Capital Management LP will act as the ether sub-adviser and execute trading on behalf of the ETF.<br /> <br /> </li> <li data-xf-list-type="ul">ETHX will invest directly in ether with its holdings priced using the Bloomberg Galaxy Ethereum Index, owned by Bloomberg Index Services.<br /> <br /> </li> <li data-xf-list-type="ul">“Ethereum is the leading candidate to be the base layer of Web 3.0, and ether is a growth asset that provides investors exposure to the explosion of decentralized applications,” said Mike Novogratz, chairman and CEO of Galaxy Digital, in the announcement.<br /> <br /> </li> <li data-xf-list-type="ul">The ether ETF may have a reasonable chance of being approved. Last week, <a href="https://www.coindesk.com/canadas-first-bitcoin-etf-hits-421-8m-aum-in-two-days" target="_blank">two</a> <a href="https://www.coindesk.com/second-canadian-bitcoin-etf-begins-trading-on-tsx-today" target="_blank">bitcoin</a> ETFs were listed in Canada.<br /> <br /> </li> <li data-xf-list-type="ul">CI Global also recently <a href="https://www.coindesk.com/ci-global-bitcoin-etf-galaxy-digital" target="_blank">filed a preliminary prospectus</a> for a <a href="https://finance.yahoo.com/price/bitcoin" target="_blank">bitcoin</a> ETF, which would also be in in partnership with Galaxy Digital.</li> </ul></blockquote><p></p>
[QUOTE="quad, post: 16585047, member: 17952"] I wish I converted more ETH to ADA. I'll wait until ADA calms down. There is a lot of Ethereum FUD at the moment and ADA is being hyped up lol! This is some bullish news on Ethereum: [URL='https://finance.yahoo.com/news/canada-ci-global-files-world-125151934.html']Canada’s CI Global Files for What Would Be World’s First Ether ETF[/URL] The world’s first ether exchange-traded fund (ETF) may be on the way, after CI Global Asset Management filed a preliminary prospectus in Canada on Thursday. [LIST] [*]In an [URL='https://www.businesswire.com/news/home/20210225005360/en']announcement[/URL], the firm said its proposed “CI Galaxy Ethereum ETF” would be the first ETF in the world to invest directly in [URL='https://finance.yahoo.com/price/ethereum']ether[/URL], the native cryptocurrency of the Ethereum network. [*]If approved, the ETF would trade on the Toronto Stock Exchange (TSX) under the ticker “ETHX.” [*]Galaxy Digital Capital Management LP will act as the ether sub-adviser and execute trading on behalf of the ETF. [*]ETHX will invest directly in ether with its holdings priced using the Bloomberg Galaxy Ethereum Index, owned by Bloomberg Index Services. [*]“Ethereum is the leading candidate to be the base layer of Web 3.0, and ether is a growth asset that provides investors exposure to the explosion of decentralized applications,” said Mike Novogratz, chairman and CEO of Galaxy Digital, in the announcement. [*]The ether ETF may have a reasonable chance of being approved. Last week, [URL='https://www.coindesk.com/canadas-first-bitcoin-etf-hits-421-8m-aum-in-two-days']two[/URL] [URL='https://www.coindesk.com/second-canadian-bitcoin-etf-begins-trading-on-tsx-today']bitcoin[/URL] ETFs were listed in Canada. [*]CI Global also recently [URL='https://www.coindesk.com/ci-global-bitcoin-etf-galaxy-digital']filed a preliminary prospectus[/URL] for a [URL='https://finance.yahoo.com/price/bitcoin']bitcoin[/URL] ETF, which would also be in in partnership with Galaxy Digital. [/LIST] [/QUOTE]
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