Key stats
About Purpose Ether ETF Trust Units -Non-Currency Hedged-
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Inception date
Apr 20, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Primary advisor
Purpose Investments, Inc.
ISIN
CA74642N2077
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.
Classification
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund100.19%
Cash−0.19%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
ETHH.B assets under management is 227.94 M CAD. It's fallen 7.58% over the last month.
ETHH.B fund flows account for −44.08 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, ETHH.B doesn't pay dividends to its holders.
ETHH.B shares are issued by Purpose Unlimited under the brand Purpose. The ETF was launched on Apr 20, 2021, and its management style is Passive.
ETHH.B expense ratio is 1.48% meaning you'd have to pay 1.48% of your investment to help manage the fund.
ETHH.B follows the ETH/CAD Exchange Rate - CAD - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
ETHH.B invests in funds.
ETHH.B price has fallen by −0.29% over the last month, and its yearly performance shows a 69.20% increase. See more dynamics on ETHH.B price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.27% over the last month, showed a 75.64% increase in three-month performance and has increased by 69.92% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.27% over the last month, showed a 75.64% increase in three-month performance and has increased by 69.92% in a year.
ETHH.B trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.