Yesterday, April 20, the Purpose Ether ETF, the CI Galaxy Ethereum ETF and the Evolves Ether ETF started trading on the Toronto Stock Exchange (TSX).
Canadian regulators approved the launch of Purpose Investments', CI Global Asset Management' and Evolve Funds' ETFs, the first Ethereum exchange-traded funds (ETFs), on April 16.
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The CI Galaxy Ethereum ETF and Evolves Ether ETF have removed management fees until June 15 and May 31, respectively. The former fund charges 0.4% and the latter charges 0.75% of NAV. The Purpose Ether ETF has a 1% management fee.
Canada has approved the launch of the world's first Ethereum ETFs two months after greenlighting its first Bitcoin ETFs.
Canada approved last month the launch of Galaxy Digital's CI Global Asset Management Bitcoin ETF as well as CoinShares' 3iQ Corp.