Share this article
Canada Approves Three Ethereum ETFs in One Day
The approval comes just over two months after Canada approved its first bitcoin ETF.
Updated Sep 14, 2021, 12:42 p.m. Published Apr 16, 2021, 6:21 p.m.
Purpose Investments, CI Global Asset Management, and Evolve ETFs have all received approval to launch exchange-traded funds (ETF) in Canada that offer exposure to ether.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
All three ethereum ETFs will begin trading on April 20.
Purpose is the manager of Purpose Ether ETF and Ether Capital Corporation will consult. The ETH will be kept in cold storage with Gemini acting as the sub-custodian and CIBC Mellon Global Securities acting as the fund administrator. TradeBlock, a CoinDesk subsidiary, is the index provider for Purpose.
CI Global Asset management will launch CI Galaxy Ethereum ETF will charge a 0.4% management. CI GAM is the manager of the ETF and Galaxy Digital Asset Management ("GDAM") serves as the sub-advisor.
Evolve ETFs will launch ETHR with Gemini acting as a sub-custodian and CF Benchmarks as a benchmark price administrator.
The approvals come a little over two months after Canada approved the Purpose Bitcoin ETF which held 10,064 BTC in the first week of trading. Meanwhile, in the U.S., bitcoin ETF applications have been piling up in the hope that new Securities and Exchange Commission (SEC) Chief Gary Gensler could change the regulatory agency’s attitude to the novel investment product.
“While bitcoin tends to get a lot of attention as it was the first major cryptocurrency, what ether and the Ethereum ecosystem represent is one of the most exciting new technology visions today in society,” Som Seif, founder and CEO of Purpose Investments, said in a statement. “By launching the first ETF in the world that directly owns and provides exposure to ether, we are enabling every investor to have access to this unique opportunity and ecosystem.”
UPDATE (April 19, 14:00 UTC): The headline and story have been updated to reflect that three ETFs, not two, were approved by Canadian regulators.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
What to know:
- XRP's price approached the $2 mark as social sentiment around the token turned sharply negative, according to Santiment data.
- The token has experienced a 31% decline over two months, making it vulnerable to further losses if market risk appetite weakens.
- Santiment's sentiment model indicates XRP is in a 'fear zone,' where negative commentary significantly outweighs positive talk, potentially influencing market positioning.
Top Stories
