Canada Approves Three Ethereum Exchange-traded Funds
While the US is still contemplating to approve a Bitcoin ETF, Canada is approving its Ethereum ETF after the launch of Bitcoin ETF earlier this year.
Canadian regulators has approved not one but three Ethereum exchange-traded funds.
The 3 companies are Purpose Investments, Evolve ETFs and CI Global Asset Management.
The ETFs will be available on Toronto’s stock exchange (TSX) starting next week.
With the Ethereum ETFs, investors can gain exposure to the second largest cryptocurrency without the difficulties of setting up a cryptocurrency exchange.
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