Three new crypto exchange traded funds that offer exposure to Ethereum (ETH-USD) has been launched on the Toronto Stock Exchange on Tuesday.
On April 16, Canadian regulators approved the launch of the world’s first Ethereum Exchange Traded Funds (ETFs) from Purpose Investments, CI Global Asset Management and Evolve Funds.
The 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 charges 0.75% of the net asset value (NAV). The Purpose Ether ETF has a management fee of 1%.
Canada approved the launch of the world’s first exchange-traded investment funds based on the second largest cryptocurrency by capitalization two months after the registration of the first Bitcoin ETF . Then the application Purpose Investments was considered.
Recall that in March, Canada approved the launch of a Bitcoin ETF from CI Global Asset Management and Galaxy Digital, in April – from 3iQ Corp and CoinShares .
On April 18, Horizons ETFs Management launched the BetaPro Inverse Bitcoin ETF, the world’s first reverse exchange-traded fund based on the first cryptocurrency.
The US Securities and Exchange Commission has begun considering applications from investment firm VanEck and asset manager WisdomTree to launch a Bitcoin ETF.
In addition, NYDIG, Bitwise, Valkyrie Digital Assets, Kryptoin, SkyBridge Capital with First Trust Advisors, Fidelity Investments and Galaxy Digital have applied to launch a digital gold exchange-traded fund .
Earlier, Brazil registered the first exchange-traded fund in Latin America based on the first cryptocurrency.
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