Purpose Investments Launches World’s First Ethereum ETF
Last Friday, Canadian asset manager Purpose Investments revealed that its Ethereum exchange traded fund (ETF) was approved by Canadian securities regulators. Purpose Ether ETF Begins Trading Early Tuesday on TSX As the first Ethereum-based ETF in the world, the fund began trading under the ticker ETHH on the Toronto Stock Exchange (TSX) earlier today. The […]
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Canadian stock market investors will soon have a wide range of options to choose from when it comes to Ethereum ETFs. While gaining exposure might still be difficult south of the US-Canada border, Canadian investors will shortly have a host of options to choose from to gain exposure to Ethereum (ETH) via an ETF as regulators have approved three different Ethereum ETFs in a single day. Purpose Investments, Evolve ETFs, and CI Global Asset Management were all approved by Canadian regulators to launch Ethereum-backed ETFs today. The ETFs will be the first ETH ETFs in North America, and among....
The Ontario Securities Commission (OSC) has granted Purpose Investments Inc. the approval to launch a spot XRP exchange-traded fund (ETF) on the Toronto Stock Exchange (TSX). This particular ETF will offer CAD-hedged, CAD non-hedged, and US dollar XRP products from June 18 onwards. Interestingly enough, Purpose Investments is the same financial entity that launched the […]
Data intelligence provider Funderbeam is set to launch the world’s first blockchain based investment trading platform over the next few months, through a partnership with colored coins developer ChromaWay. Funderbeam has processed US$277.49 billion in investments and currently supports over 42,000 investors worldwide. Using the blockchain, Funderbeam plans to process its settlements and verify its trades instantly without human input. “ChromaWay breathes technology that’s been limited to cryptocurrencies, and is now making it serve a broader purpose,” explained Funderbeam founder and CEO....
Purpose Investments, an institutional firm with more than $12 billion under management, on Wednesday announced the launch of mutual fund units for the world’s first ETF backed and settled by Bitcoin.
The largest digital currency asset manager in terms of assets under management (AUM), Grayscale Investments, has announced the launch of a smart contract fund that is compiled of ethereum competitors. The fund called “GSCPxE” holds seven different smart contract coins and it’s Grayscale’s 18th investment product to date. Grayscale Launches GSCPxE — Fund Holds Cardano, Solana, Avalanche, Polkadot, Polygon, Algorand, Stellar Grayscale Investments has announced another fund that covers the landscape of smart contract tokens, but leaves the largest smart....