On Tuesday, April 20, Purpose Ether ETF, CI Galaxy Ethereum ETF and Evolves Ether ETF began trading on the Toronto Stock Exchange (TSX).
On April 16, Canadian regulators approved the launch of the world’s first Ethereum-based ETFs from Purpose Investments, CI Global Asset Management and Evolve Funds.
CI Galaxy Ethereum ETF and Evolves Ether ETF waived management fees until June 15 and May 31, respectively. The first fund charges 0.4%, and the second 0.75% of net asset value (NAV). The Purpose Ether ETF charges a 1% management fee.
Canada approved the launch of the world’s first Ethereum-based ETFs, the second-largest cryptocurrency by market capitalization, two months after the registration of the first bitcoin ETF. At that time, the Purpose Investments application was considered.
Earlier, Canada approved the launch of a bitcoin ETF by CI Global Asset Management and Galaxy Digital, and in April — by 3iQ Corp and CoinShares.
In April 18, Horizons ETFs Management launched the BetaPro Inverse Bitcoin ETF — the first in the world inverse exchange-traded fund based on the first cryptocurrency.
The U.S. Securities and Exchange Commission began reviewing applications from asset manager VanEck and asset manager WisdomTree for launching a Bitcoin ETF.
Besides them, applications for launching an exchange-traded fund based on digital gold were filed by NYDIG, Bitwise, Valkyrie Digital Assets, Kryptoin, SkyBridge Capital with First Trust Advisors, Fidelity Investments and Galaxy Digital.
Earlier, Brazil registered the first exchange-traded Bitcoin fund in Latin America.
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