Canadian Securities Regulators Approve World’s First Ethereum ETF

Published April 17, 2021 | Updated April 17, 2021

Canadian Securities Regulators Approve World’s First Ethereum ETF

Canadian Securities Regulators today approved world’s first Ethereum ETF with lowest Fees. CI Galaxy Ethereum ETF (ETHX) will be live on Toronto Stock Exchange on April 20, 2020 post TSX’s final approval. CI Global Asset Management (CI GAM) also manages a CI Galaxy Bitcoin ETF(BTCX) trading at Toronto Stock Exchange.

Success of Grayscale Ethereum Trust Fund(ETHE)

Bitcoin ETFs are not a new thing and Canadian Security Regulators have already approved Bitcoin ETFs trading on TSX. The competition for Bitcoin ETF in US in on peak as many big firms like VanEck, WisdomTree, Galaxy Digital etc. already in the race. The SEC is ordered to reply back to VanEck Bitcoin ETF application by 1st week of May.

ETHE Price
                                                                                        Grayscale Ethereum Trust Fund (ETHE) Price

While Ethereum is second dominant cryptocurrency, the institutional interest in Ether as Asset is increasing day by day. The best example of this is huge success of Grayscale’s Ethereum Trust Fund (ETHE). If we look at stats ETHE has given 59% returns to investors year to end and the ETH holdings year to end have gone up by 227%.

While, ETHE is not an ETF in any manner but its success has paved the way for finance companies to launch an Ethereum ETF for their customers.

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
Sunil Sharma 182 Articles
Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on Twitter at @sharmasunil8114 and reach out to him at sunil (at) coingape.com
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