It can be held inside any of the following account types: non-registered, RRSP, RRIF, RDSP, DPSP, RESP, TFSA. The CoinShares Ether ETF is an open-ended ETF with a management fee of 1.00%. Evolve’s website doesn’t make mention of an MER cap. The MER sits in between ETHX and ETHH at. It’s similar to the other funds listed here in that it’s RRSP eligible, offers secure, 100% cold storage, and is listed in both Canadian and US dollars. Evolve Ether ETF (ETHR)Įvolve ETFs launched their Ether exchange-traded fund in April 2021. Listing Currencies: Available in CAD (ETHH) & USD (ETHH.U) 3. You can hold ETHH in both registered and non-registered accounts. You should take this into account with large portfolios, as fees can take a big bite out of returns over time. It’s listed on the TSX under the ticker ETHH and is also available in USD currency as (ETHH.U.)Īt 1.00% with a cap of 1.50%, the MER is relatively high. Three days after the launch of ETHX, Purpose Investments launched its Ether ETF. Listing Currencies: Available in CAD (ETHX.B) & USD (ETHX.U) 2. At the time of this writing, total assets under management (AUM) are over $900MM. Galaxy Digital Capital Management manages the ETF in partnership with CI Investments. 95%, which is lower than the competition. CI Galaxy Ethereum ETF (ETHX)ĮTHX was the first Ether ETF out of the gate in April 2021, and it tops our list due to its low MER of. Let’s take a closer look at each one, starting with CI Galaxy’s ETHX. Admittedly, there isn’t a whole lot that differentiates these funds at this point. Currently, there are a total of four Ether ETFs available, but I would suspect that more are on the way. Many of the same players that brought you Bitcoin ETFs early in 2021 also launched their own Ethereum ETFs later in the year. There’s no need for a digital wallet or a separate account with a crypto exchange, like Coinsmart or Bitbuy. In the ETF form, you can easily trade your crypto inside an online brokerage account. Ether is the second-largest cryptocurrency after Bitcoin, and there are already four Ether ETFs from which to choose. All Ether ETFs are considered high-risk due to the speculative nature of cryptocurrency and the lack of diversification.Īs of April 2021, Ethereum, also known as Ether, can be purchased in ETF form.
How Do Ethereum ETFs Work?Īn Ethereum ETF works much like a regular ETF, but it only holds Ethereum, so it’s not a diversified investment. While they have similarities, ETFs trade like individual stocks you can trade them instantly on the open market. ETFs should not be mistaken for index mutual funds. Due to the passive investment style, the fund keeps the management fees low, a big draw for fee-conscious investors. Traditional Exchange-traded funds, or ETFs, aim to replicate an underlying stock market index’s performance by closely matching its holdings.
I’ll let you know how Ethereum ETFs work, some of the pros and cons of buying Ether inside a fund, and who I think this investment is best suited for. In this article, I cover the top Ethereum ETFs in Canada as a follow-up to my recent post on the best Bitcoin ETFs. Investors can easily add the popular cryptocurrencies to their portfolio and hold them alongside their other investments in their brokerage account. It’s never been easier to buy Bitcoin and Ethereum in Canada, especially with the launch of several ETFs for each coin.
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