Categories: Altcoin News News

Canadian Securities Regulators Approve World’s First Ethereum ETF

advertisement

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.

advertisement

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.

advertisement
                                                                                      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.

To keep track of Crypto updates in real time, Follow us on Twitter & Telegram.

Sunil Sharma

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

Share

Recent Posts

  • Press Release

Crypto Banter Will Give Away Over $500,000 To 10 Eligible Community Members

Cape Town, South Africa, 8th May, 2021, Banter Bags is a unique project in the…

4 hours ago
  • News
  • Regulation News

Just-In: SEC Chair Gary Gensler Testify on GameStop Trading Saga, Talks About Regulating Crypto Market

SEC chairman Gary Gensler along with several other financial experts testified before the Financial Services…

8 hours ago
  • Altcoin News
  • News

Ethereum (ETH) Hits $3800 ATH As Coinbase Premium Shoots With Institutional Interest

The world's second-largest cryptocurrency continues its massive journey adding another 7% gains today. A few…

8 hours ago
  • News
  • NFT News

Breaking: LarvaLabs’s Meetbit Collection Exploited to Mint $700,000 NFT Collectible

Larva Labs, a popular NFT developer was at the receiving end of an exploit that…

9 hours ago
  • DeFi News
  • News

BSC Based ValueDefi Exploited For $11M by Scammers

ValueDefi, a Binance Smart Chain based Defi protocol has become the latest protocol on BSC…

10 hours ago
  • Exchange Reviews

FixedFloat Review: The First Bitcoin Lightning Network Compatible Digital Asset Exchange

Despite being one of the youngest cryptocurrency exchanges available, FixedFloat has already established itself as…

11 hours ago