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The Ether Fund (T:QETH.U)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
See Regulatory Filings on SEDAR
Company Contact
Address: 181 Bay Street, Suite 1020
Toronto ON M5J 2T3
Tel: N/A
Website: N/A
Key People
Frederick T. Pye
Chairman of the Board, Chief Executive Officer of the Manager
Pascal St-Jean
President of the Manager
John Loeprich
Chief Financial Officer, Director of the Manager
Anthony L. Cox
Executive Vice President, Director of the Manager
Ashley Peters
Chief Compliance Officer of the Manager
Business Overview
The Ether Fund (Fund) is a Canada-based closed-end investment fund. The Fund's investment objectives are to seek to provide unitholders of the Fund with exposure to digital currency ether (ETH) and the daily price movements of the United States dollar price of ETH, and the opportunity for long-term capital appreciation. The Fund invests in long-term holdings of ETH, purchased from ETH asset trading platforms and over the counter (OTC) counterparties, in order to provide investors with alternative to a direct investment in ETH. 3iQ Corp is the investment manager of the Fund.
Financial Overview
For the six months ended 30 June 2022, Ether Fund revenues decreased from $240.9M to -$428.8M. Net loss totaled $434.7M vs. income of $236.1M. Revenues reflect Net change in unrealized appreciation in decrease from $233.4M to -$505.7M. Net loss reflects Operating costs increase of 19% to $188K (expense), Legal fees increase of 96% to $20K (expense), Foreign exchange gain on cash decrease from $2K (income) to $1K (expense).
Reporting Currency: U.S. Dollars
Enterprise value: N/A
Annual revenue (TTM): $-162.45M as of Jun 30, 2022
EBITDA (TTM): -$176.59M as of Jun 30, 2022
Net annual income (TTM): -$176.56M as of Jun 30, 2022
Free cash flow (TTM): $125.27M as of Jun 30, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 5,657,805 as of Jul 29, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization