Purpose Ether Staking Corp. ETF (the Fund), formerly Ether Capital Corporation, is an alternative mutual fund. The Fundâs 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 Fundâs 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 Fundâs Ether will be valued. The CoinDesk Ether Price Index represents a real-time, United States dollar equivalent spot rate for Ethereum.
Number of employees: 4