Toronto, Ontario, April 20, 2021 – Ether Capital Corporation (“Ether Capital” or the “Company”) (NEO: ETHC) is pleased to announce the launch of the second digital asset product under its agreement with Purpose Investments Inc. (“Purpose”) announced on February 16, 2021.
The second product under the agreement is the Purpose Ether ETF, which is the world’s first physically settled Ethereum ETF.
“The Purpose Ether ETF is a natural extension and second product to bring to market following BTCC, the already successful Purpose Bitcoin ETF.” said Brian Mosoff, CEO of Ether Capital.
“BTCC saw over one billion dollars of inflows in the first month and currently has over $1.4 billion in assets, which shows how much demand there is in the capital markets for a product like this. An Ether ETF gives retail investors an access point to Ethereum and its native digital asset, Ether, which is the world’s second most popular cryptocurrency by market cap. Ethereum has a number of unique properties that are differentiated from Bitcoin, allowing for a host of novel use cases and distinct value proposition for Ether. The Purpose Ether ETF is another milestone for the Purpose Investments team, the Canadian financial community and the digital assets industry as a whole,” he added.
About Ether Capital Corporation
Ether Capital is a Toronto-based technology company whose long-term objective is to become the central business and investment hub for the Ethereum and Web 3 ecosystem. Ether Capital has invested in Ethereum’s native utility token “Ether” as a strategic asset, and selectively invests in projects, protocols and businesses that leverage the Ethereum ecosystem and Web 3 technologies. Founded by a highly experienced Board of Directors and management team, Ether Capital has the experience and relationships to support businesses and invest in industry-shifting disruptive technologies. For more information, visit http://ethcap.co/.
The content of this document is for informational purposes only, and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained on this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information contained in this document is believed to be accurate and reliable, however, we cannot guarantee that it is complete or current at all times. The information provided is subject to change without notice and neither Ether Capital Corporation, nor any of its affiliates, will be held liable for inaccuracies in the information presented.
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President and Chief Financial Officer
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements in regard to the Ethereum platform and protocol, the timing and implications of Ethereum’s proof of stake network upgrade (including launch of the beacon chain), the Company’s plans with respect to providing future updates on proof of stake developments, the potential for Ether Capital to earn a yield on a portion of its Ether holdings that it devotes to network validation and its plans in respect thereof, the market for crypto-assets, the anticipated transaction settlement volume over Ethereum in 2020, and the Company’s business, plans and strategy. The Company cautions the reader not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Generally, but not always, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “on pace”, “anticipates”, or “does not anticipate”, “believes”, and similar expressions or state that certain actions, events or results “may”, “could”, “would”, “should”, “might”, or “will” be taken, occur or be achieved.
Forward-looking statements are based on information available to management at the time they are made, management’s current plans, estimates, assumptions, judgments and expectations. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties; uncertainties in regard to the development and acceptance of blockchain technology (including proof of stake and Ethereum 2.0), and the Ethereum platform and anticipated timing and impact of the Ethereum network upgrade, the impact of the outbreak of the COVID-19 coronavirus on the Company, and the other risk factors discussed in the Company’s Annual Information Form dated March 25, 2020, the Risk Factors section in its most recently filed management’s discussion and analysis and its other filings available on-line at www.sedar.com. Although the forward-looking information contained in this press release is based on assumptions that the Company believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. In addition, the Company cautions the reader that information provided in this press release is provided in order to give context to the nature of some of the Company’s future plans and may not be appropriate for other purposes. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws.