Som Seif, the Toronto-based crypto company’s chair and co-founder, will assume the rule of interim CEO after Mosoff steps down on Jan. 1, the company announced. Seif will steward a review “to determine the best path forward for the company’s development.” (The Logic)
Talking point: When Ether Capital launched in 2018, it was one of just a handful of regulated ways Canadian retail investors could gain exposure to the native crypto asset of the Ethereum protocol. Today, the company is competing with ETFs, funds and regulated crypto-trading platforms. Similar to the Grayscale Bitcoin Trust in the U.S., Ether Capital’s shares trade at a significant discount to the value of its treasury because of the illiquidity of its holdings, taxes, and other costs associated with operating a public company. In an interview with The Logic, Mosoff said converting to an Ether fund is one of the options on the table for the company, along with exploring whether there are other businesses Ether Capital’s intellectual property could complement through an acquisition.