Ether Investment Firm Begins Trading on Stock Exchange
The stock for cryptocurrency investment firm Ether Capital has begun trading on a Canadian stock exchange.
Formerly known as Ethereum Capital, the investment fund's shares went live on the NEO Exchangein Toronto Thursday. The company plans to invest the funds it raises both into startups developing projects in the space as well make direct purchases of ether - the cryptocurrency of the ethereum network - as previously reported.
Co-CIO Ben Roberts told CoinDesk that the company raised $45 million Canadian (out of a planned $50 million), which will be mostly be converted into ether over the next four weeks. Ultimately, some 90 percent of the raised funds will be converted into the cryptocurrency, though Roberts declined to say how much the company had already converted
"I think it's going to take the market some time to really understand the value proposition here," he said, explaining: Read More here : https://www.coindesk.com/ethereum-investment-vehicle-begins-trading-on-canadian-stock-exchange/
nice move but if they had invested a few weeks ago they'd already be in decent profits.
Very True.