3 Ether ETFs Debut in Equity Markets: Here’s How They Performed

April 21, 2021 07:53 PM AEST | By Anuj
Follow us on Google News:


  • Three Canadian asset management firms, including Purpose Investments, Evolve Funds Group, and CI Global Asset Management, launched their respective Ether ETFs on Tuesday.
  • The three debutant ETFs received enthusiastic support from investors.
  • Ethereum’s token price up 212 per cent year-to-date.

After receiving Ontario Securities Commission’s nod, world’s first Ether Exchange Traded Funds (ETFs) started trading on the Toronto Stock Exchange this week. These ETFs closely track Ethereum’s performance to provide investors a parallel exposure to the second-largest crypto coin by market cap.

Ethereum’s token price has surged almost 12 per cent to US$ 2,300 apiece in the past 24-hours (noted at 2 AM ET). It is up 212 per cent year-to-date (YTD).

On April 20, three Canadian asset management firms, including Purpose Investments, Evolve Funds Group, and CI Global Asset Management launched their respective Ether ETFs on the TSX.

Let us delve into these crypto funds’ performances:

Purpose Ether ETF (TSX: ETHH.U)

Purpose consults with Ether Capital Corporation, a firm with competency in digital assets, to match the crypto coin’s performance. The asset manager already has a TSX-listed Bitcoin ETF with assets under management (AUM) worth nearly C$ 1.4 billion.

The Ether ETF had an impressive debut day, up 6.2 per cent to C$ 10.62 apiece, compared with its opening price of C$ 10 apiece. Its Bitcoin ETF also increased marginally by 1 per cent on April 20.

A total of 135,221 units exchanged hands on the first of trading, against its 100,000 listed units. 


Evolve Funds Group Inc. holds C$ 1.8 billion in AUM, and the firm has been offering diversified ETFs since September 2017.  The fund delivers investors exposure to Ether’s daily price movement.

Similar to Purpose ETF, Evolve Funds’ Ether ETF gained 6.2 per cent on the very first day of trading. Its current price stands at C$ 10 per unit. Its 19,531 units traded versus 100,000 outstanding shares on Tuesday.

Image Source: Pixabay

CI Galaxy Ethereum ETF (TSX: ETHX.B)

This fund provides secure Ether storage and delivers sharp real-time trade changes in price value. CI Global Asset Management’s parent company, CI Financial Corp. (TSX: CIX), held C$ 240.6 billion in assets as of March 31, 2021.  

This crypto ETF outperformed above two Ether ETFs and soared as much as 8.1 per cent on Tuesday. Its current price is C$ 10.81 per unit against the listing price of C$ 10 apiece.

Galaxy Ethereum fund witnessed heavy trading. Over 920,000 units were traded, against its listed outstanding units of 100,000 on the TSX.


The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK