The fund seeks long-term capital appreciation by investing in long-term holdings of Ether, which is the native digital currency of the Ethereum Network. Ether is purchased from digital asset trading platforms (spot markets in which Ether can be exchanged for USD) and OTC counterparties. While digital asset trading platforms are not regulated by US and Canadian laws or other global jurisdictions, the fund manager seeks to transact with those that are reputable, stable, and in compliance with the AML Regulation. Orders are determined based on price and liquidity and purchased Ether is held in an offline wallet or cold storage. The fund does not use derivatives to leverage exposure or speculate on short-term price performance. It is subject to certain conflicts of interest, such as covering all charges prior to an investor receiving any return on investment. The fund may borrow money on a temporary short-term basis. It does not hedge any USD currency exposure back to CAD.