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About PURPOSE CORE ETHER ETF
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Inception date
May 15, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Purpose Investments, Inc.
The fund aims to provide a secure, cost-effective, and convenient exposure to Ether (ETH), avoiding the complexities of direct investment. Ether is the cryptocurrency of Ethereum, powering smart contracts and decentralized apps, unlike most cryptos that are just digital money. The knock-on effect of buying into the fund is the potential financial reward and supports network operability. The strategy integrates responsible investing (RI) data to enhance risk-adjusted returns without setting ESG-related targets or exclusions. Investments may include cash, cash equivalents, or other money market instruments. The fund does not hedge its US-dollar exposure back to Canadian dollars. The fund is a buy-and-hold ETF and does not engage in short-term speculation or non-hedging derivatives. It plans limited short-term borrowing for Solana purchases under NI 81-102 rules.
Classification
Geography
Global
Related funds
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.
ETHO.B trades at 18.90 CAD today, its price has fallen −4.35% in the past 24 hours. Track more dynamics on ETHO.B price chart.
ETHO.B net asset value is 18.84 today — it's fallen 2.11% 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.
ETHO.B assets under management is 10.27 M CAD. 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.
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.
No, ETHO.B isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
No, ETHO.B doesn't pay dividends to its holders.
ETHO.B trades at a premium (0.50%).
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.
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.
ETHO.B shares are issued by Purpose Unlimited
ETHO.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.
The fund started trading on May 15, 2025.
The fund's management style is active, aiming to outperform its benchmark index by actively selecting and adjusting assets. The goal is to achieve returns that exceed those of the index the fund tracks.