Their multi-crypto ETF gives holders exposure to a combination of both Bitcoin and Ethereum.
Evolve Cryptocurrencies ETFĮvolve launched a unique multi-crypto investment vehicle in July of this year. It comes with an expense fee of less than 0.95%. It is listed in Euros on the Deutsche Börse Xetra (WETH GY), and in Euros + USD on SIX Swiss Exchange (ETHW SW).Įach share has the backing of exactly 0.01 ETH, which the Swissbank Quote and Coinbase Custody hold. WisdomTree launched a spot-based Ethereum ETF for European investors, shortly after Evolve launched in Canada. This makes Galaxy’s product a “spot” ETF, which is generally preferred by investors over futures products. The price of each share readjusts at the end of each day, based on the Bloomberg Galaxy Ethereum Index. The ETF is backed by direct Ether holdings, held by Galaxy Digital Asset Management. It currently trades on the Toronto Stock Exchange.
This was just two months after the launch of the world’s first Bitcoin ETF in the same country. CI Galaxy Ethereum ETFĬI Global Asset Management launched the world’s first Ether ETF in Canada on April 20th 2021. Here are some options for investors looking to add Ether to their portfolio as easily as they would a stock. While there are no Ethereum ETFs in the United States at the moment, there are plenty in other countries.
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