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PURPOSE INVESTMENTS INC. ETHER ETF ETF NON CURRENCY HEDGE UNIT USPURPOSE INVESTMENTS INC. ETHER ETF ETF NON CURRENCY HEDGE UNIT USPURPOSE INVESTMENTS INC. ETHER ETF ETF NON CURRENCY HEDGE UNIT US

PURPOSE INVESTMENTS INC. ETHER ETF ETF NON CURRENCY HEDGE UNIT US

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OverviewAnalysisHoldingsNewsCommunityTechnicalsSeasonals

Chart


Full chart

Key stats


Assets under management (AUM)
‪18.57 M‬ USD
Fund flows (1Y)
—
Dividend yield (indicated)
—
Discount/Premium to NAV
−1.03%
Shares outstanding
‪2.25 M‬
Expense ratio
1.50%

About PURPOSE INVESTMENTS INC. ETHER ETF ETF NON CURRENCY HEDGE UNIT US


Issuer
Purpose Unlimited
Brand
Purpose
Home page
purposeinvest.com
Inception date
Apr 19, 2021
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
Ether - ETH/USD
Management style
Passive
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Purpose Investments, Inc.
Identifiers
3
ISIN CA74642N3067
The fund holds substantially all of its assets in long-only Ether. The objective is to provide a convenient, lower-cost alternative than a direct investment. When units are purchased, the fund manager buys Ether at a perceived fair price from institutional-grade liquidity providers. Ether is held in an offline wallet, or cold storage. The fund may also hold cash to meet obligations. The fund does not use derivatives to leverage exposure or speculate on the short-term price performance. In efforts to avoid pricing anomalies, the TradeBlock ETX Index is used to calculate the NAV each day at 4:00 pm Toronto time. The ETF units are intended to be allowed in registered accounts. The fund is subject to certain conflicts of interest, such as covering all charges prior to an investor receiving any return on investment. The fund may borrow money in accordance with restrictions to acquire Ether. An investment in the ETF is not guaranteed by any entity. ETF units cannot be redeemed for Ether.

Broaden your horizons with more funds linked to this ETF via country, focus, and more.

Classification


Asset Class
Currency
Category
Pair
Symbol
Ethereum / Canadian Dollar
Focus
Long Ether, short CAD
Niche
In specie
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset

Analysis


What's in the fund
Exposure type
Bonds, Cash & Other
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund100.25%
Cash−0.25%
Top 10 holdings

News



Technicals


Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy

Seasonals


Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PRPEF trades at 14.16 USD today, its price has risen 8.84% in the past 24 hours. Track more dynamics on PRPEF price chart.
PRPEF net asset value is 8.09 today — it's risen 18.84% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PRPEF assets under management is ‪18.57 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
PRPEF price has risen by 8.84% over the last month, and its yearly performance shows a 26.43% increase. See more dynamics on PRPEF price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 18.84% over the last month, showed a −11.00% decrease in three-month performance and has increased by 12.25% in a year.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PRPEF invests in funds. See more details in our Analysis section.
PRPEF expense ratio is 1.50%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PRPEF isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, PRPEF technical analysis shows the sell rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PRPEF shows the neutral signal. See more of PRPEF technicals for a more comprehensive analysis.
No, PRPEF doesn't pay dividends to its holders.
PRPEF trades at a premium (1.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PRPEF shares are issued by Purpose Unlimited
PRPEF follows the Ether - ETH/USD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 19, 2021.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.