(1/2) A month ago, we converted Ether Capital into an staking ether ETF managed by @purposeinvest (Cboe: $ETHC.B). Do you want to know how this type of ETF works? We’ve got you covered: purposeinvest.com/funds/purp…
📅 Join us on June 27 at 11AM EST for a #webinar diving into all things #ether:
- The ether investment opportunity 💸
- The pending SEC approval of US spot ether ETFs 🇺🇸
- How ether differs from #Bitcoin⚖️
- What is #etherstaking and more🚀
purposeinvest.zoom.us/webina…
GM! #ethereum continues to gain mainstream traction and we're thrilled to be at the forefront of this movement. On June 10 @ethcap shareholders will decide whether to transform the company into a staked ether ETF managed by @PurposeInvest. 🧵
Q1 2024 Highlights:
Treasury: 46,274 Ether, 98% staked
Asset value up 115% YoY to $227.4M, highest in 8 quarters!
Revenue soared 52.5% to $1.8M, also a record high.
Operating profit: $0.8M, a turnaround from last year's 1st quarter loss.
🚀 Exciting news! We've partnered with @PurposeInvest to transform into an Ether staking ETF—a major milestone from our strategic review in December. Kudos to the teams at @PurposeInvest & EthCapl! 🌟
📈 Post-conversion, expect ETF shares to align closely with net asset value.
Following the release of our 2023 earnings, @ethcap would like to provide the following supplementary info (unaudited, as at 03/14/2024):
Total ETH - 46,203 (of which 45,408 is staked)
Cash of $1.06M
Shares issued/outstanding 33,060,020
31 day average staking yield 3.85%