Ether Capital Corp N.ETHC.B

Alternate Symbol(s): DTSRF

Technology Software - Application

Purpose Ether Staking Corp. ETF (the Fund), formerly Ether Capital Corporation, is an alternative mutual fund. The Fund’s investment objective is focused on investing all or substantially all of its assets in long-term holdings of Ether and seeks to provide shareholders with the opportunity for long-term capital appreciation. The Fund’s investment objectives include capital preservation, generating income, capital growth or a combination of the three. The Fund may also hold cash and cash equivalents or other money market instruments. The securities of any mutual funds held by the Fund shall be valued at the reported net asset value (NAV) of that mutual fund. Purpose Investments Inc. is the manager and portfolio manager of the Fund. The manager will use the CoinDesk Ether Price Index as the primary source upon which the Fund’s Ether will be valued. The CoinDesk Ether Price Index represents a real-time, United States dollar equivalent spot rate for Ethereum.

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Ether Capital Corp

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Post by Lawyerupon May 02, 2024 9:54pm

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Post# 36020849

Nobody noticed

Looks like nobody paid much attention to the news release that this will be converted to an ETF under Purpose. Stock price is discounted 36% to NAV and the company bought back over a million shares. We should be trading around $6 with the news but still quite a bit discounted at todays price. Will be an interesting Friday. All the best, Charlie.

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