How to buy the Purpose Ether Yield ETF (ETHY)

One of the world’s first Ether ETFs to pay out a monthly dividend yield—the Purpose Ether Yield ETF (TSX:ETHY)—has launched on Canada’s Toronto Stock Exchange (TSX). You’ll need a Canadian stock trading account to buy in.

How to buy the Purpose Ether Yield ETF (ETHY)

1. Compare online brokers. To invest in exchange traded funds (ETFs), you’ll need to sign up to an ETF broker platform. Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and SIN number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for the Purpose Ether Yield ETF. Find the ETF by name or ticker symbol: ETHY. Research its history to confirm it’s a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until the Purpose Ether Yield ETF reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today’s price, weigh your budget against a diversified portfolio that can minimize risk through the market’s ups and downs.
6. Check in on your investment. Congratulations, you’ve invested in the Purpose Ether Yield ETF. Optimize your portfolio by tracking how your ETF performs with an eye on the long term.

What is Ethereum?

Best Welcome Bonus

Qtrade Direct Investing

$80 Reward

Go to site

T&Cs apply

• $0 commissions
• Supports advanced order types
• Advanced technical charting
• Highly-rated customer support

Best for $0 Commission Trades

Questrade

Go to site

• $0 commissions
• Dual currency USD/CAD accounts
• Advanced order types
• Sophisticated charting and trading tools

Best for Beginners

CIBC Investor's Edge

Go to site

• Easy-to-use platform
• Low fees compared to other Big Bank platforms
• Wide range of research tools and order types
• Discounts for young investors and active traders

What we know about ETHY ETF

The Purpose Ether Yield ETF launched in December 2021 in Canada under the ticker symbols TSX: ETHY, TSX: ETHY.B and TSX: ETHY.U. The ETHY.B fund is Canadian dollar-denominated, while the TSX: ETHY.U version is US dollar-denominated. Neither option is currency hedged.

Launched by Purpose Investments and headed by CEO/founder Som Seif, the fund is designed to give investors exposure to the digital currency by investing indirectly in long-term holdings of Ether.

It’s worth noting that other blockchain or “Bitcoin-themed” ETFs do exist; however, these track companies with exposure to digital currencies, rather than physical/digital Bitcoin. Similar to the Purpose Bitcoin Yield ETF (BTCY), ETHY is one of the first direct custody crypto ETFs that will regularly pay out dividends.

There are also several cryptocurrency funds available in Europe that behave similarly to ETFs. To check out other Bitcoin-related ETFs, check out our cryptocurrency ETF guide.

Compare brokers with access to the ETHY ETF on the TSX

9 of 9 results

Finder Score	Available Asset Types	Account Types	Stock Trading Fee	Monthly Account Fee
Promoted 9.1 Excellent Qtrade Direct Investing	9.1 Excellent	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$0	$0	$80 Reward Finder Rewards: Join Finder then open a new Qtrade Direct Investing account through Finder as a new Qtrade client and fund it with a deposit that settles by the end of the promotion to receive an $80 digital Visa gift card. Ends 30 Nov 2026. T&Cs apply. Earn up to $5,000 in cashback (+$100 quick-pay bonus) when you open and fund a new Qtrade account. Valid until January 5, 2027. T&Cs apply.	Go to site View details Compare product selection Compare	loading
Promoted 9.6 Excellent Questrade	9.6 Excellent	Stocks, Bonds, Options, Mutual Funds, Index Funds, ETFs, Forex, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$0	$0	Get $50 cash back when you open a Questrade self-directed investing account through Finder. T&Cs apply.	Go to site View details Compare product selection Compare	loading
7.9 Great CIBC Investor's Edge	7.9 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, Business, FHSA, Margin	$6.95	$0 if conditions are met, or $100	Young investors 18 to 24 get free online Canadian and US stock and ETF trades and a $0 annual fee using CIBC Investor’s Edge and a chequing account with CIBC Smart Start. T&Cs apply.	Go to site View details Compare product selection Compare	loading
8.6 Great Wealthsimple Investing	8.6 Great	Stocks, Options, ETFs, Cryptocurrency	RRSP, RESP, RRIF, TFSA, Personal, FHSA, Margin	$0	$0	Get a 1% match cash bonus on eligible $25,000+ transfers from other financial institutions to your Wealthsimple Self-directed Investing and Managed Investing accounts. T&Cs apply.	Go to site View details Compare product selection Compare	loading
8.2 Great BMO InvestorLine Self-Directed	8.2 Great	Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs	RRSP, RESP, RRIF, TFSA, Personal, Joint, FHSA, Margin	$0	$0	Get up to $20,000 cash back. Plus, get a chance to win $300,000. Apply by March 1, 2027. T&Cs apply.	Go to site View details Compare product selection Compare	loading
6.2 Standard GoSmart by RBC Direct Investing	6.2 Standard	Stocks, ETFs	RRSP, TFSA, FHSA	$0 - $9.95	$0	Open your first GoSmart account and earn up to 7,500 Avion points when you invest. Valid until January 11, 2027. T&Cs apply.	Go to site View details Compare product selection Compare	loading
9.4 Excellent Interactive Brokers	9.4 Excellent	Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures	RRSP, TFSA, Personal, Joint, Business, FHSA, Margin	Min $1.00, Max 0.5%	$0	Continue View details Compare product selection Compare	loading
8.6 Great Moomoo	8.6 Great	Stocks, Options, ETFs	RRSP, TFSA, Personal, Margin	$1.49/stock	$0	Continue View details Compare product selection Compare	loading
8 Great Webull	8 Great	Stocks, ETFs	RRSP, TFSA, Personal, Margin	$0	$10/year	Continue View details Compare product selection Compare	loading

loading

Load More

Showing 9 of 9 results

Compare other products

Looking for other options? Check out these similar products.

How we picked these

Finder Score for stock trading platforms

To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.

Read the full methodology

How to invest in ETFs

To find out more about ETFs, you can head to our guide on how to invest in exchange traded funds or click on the video below.

Frequently asked questions about the Ether Yield ETF

• How does the Purpose Ether Yield ETF (ETHY) pay a monthly dividend?

  The Purpose Ether Yield ETF uses a covered call strategy to generate income from its Ether exposure. It sells call options, which gives other investors the right to buy Ether at a set price and uses the premiums to help fund monthly dividends.

• Is ETHY currency-hedged?

  No, ETHY isn't currency-hedged, which means it doesn't protect investors from changes in the Canadian dollar's value against the currencies of its underlying investments. ETHY is available in Canadian-dollar and US-dollar units, but neither is currency hedged.

More on investing

Stock Trading

How to Maximize Your FHSA as a Canadian Homebuyer: A Step-by-Step Guide

Your guide to how ETFs work and whether this type of investment is right for you.

Stock Trading

Guide to buying SpaceX stock in Canada

Learn how to buy SpaceX stock in Canada and see stock performance history over time.

Stock Trading

Ethereum treasury companies

We break down which companies hold Ethereum, why they’re doing it and what ETH treasuries mean for markets and investors.

Written by

Kylie Purcell

Senior investments editor

Add to Preferred Sources

Kylie Purcell is the senior investments editor at Finder. She has a background in business and finance news with previous roles at SBS, Your Money, TVNZ, Switzer Group and The Adviser magazine. Kylie has a Masters in International Journalism and a Graduate Diploma in Economics. When she's not writing about the markets you can find her bingeing on coffee. See full bio