Spot Ethereum ETFs hold ETH directly. Other ETFs provide indirect exposure to ETH by tracking its price movements.
You can buy shares of spot Ethereum ETFs on exchanges in Canada and the US.
Alternatives to buying an Ethereum ETF include buying crypto or crypto-related stocks.
Ethereum exchange-traded funds (ETFs) have been available in Canada since 2021. But it wasn’t until 2024 that the Securities and Exchange Commission (SEC) approved the first spot Ethereum ETFs in the US. This means you can get exposure to Ethereum’s price through traditional investment platforms. Here’s how to buy Ethereum ETFs in Canada.
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What is a spot Ethereum ETF?
Similar to a spot bitcoin ETF, a spot Ethereum ETF is a type of ETF that will hold physical ether as its underlying asset. This contrasts Ethereum futures ETFs, which invest in Ethereum futures contracts and allow investors to speculate on the future price of the cryptocurrency without directly owning the coin.
How to buy shares of an Ethereum ETF in Canada
Choose a platform and open an account. If you’re a beginner, our ETF broker picks can help you choose. Then, provide your personal information and sign up.
Confirm your payment details. You’ll need to fund your account with a bank transfer, Interac e-Transfer or any other eligible method.
Select and research ETFs. Search the platform for the ETF ticker symbol. The platform should provide the latest information available.
Buy ETF shares. Place a market order or limit order for your preferred number of shares. It’s simple.
The whole process can take as little as 15 minutes. You’ll need a smartphone or computer, an internet connection, your passport or driver’s license and a means of payment.
List of Ethereum ETFs in Canada & the US
The following Ethereum ETFs are available to trade on Canadian or US exchanges as of February 9, 2025. These ETFs may be spot funds that invest in ETH directly, or they may provide indirect exposure to ETH by tracking its price movements.
Fund
Symbol
Exchange
Expense ratio
iShares Ethereum Trust ETF
ETHA
NasdaqGM
0.25%
Grayscale Ethereum Trust
ETHE
NYSEArca
2.50%
Grayscale Ethereum Mini Trust
ETH
NYSEArca
0.15% (0% for the first $2 billion or until January 23, 2025)
Fidelity Ethereum Fund
FETH
Cboe
0.25%
Volatility Shares Trust—2x Ether ETF (ETHU)
ETHU
Cboe
0.94%
Bitwise Ethereum ETF
ETHW
NYSEArca
0.20%
ProShares Ultra Ether ETF
ETHT
NYSEArca
0.94%
VanEck Ethereum ETF
ETHV
Cboe
0.20% (0% for the first $1.5 billion or until July 22, 2025)
ProShares Ether ETF
EETH
NYSEArca
0.95%
CoinShares Valkyrie Bitcoin and Ether Strategy ETF
BTF
NasdaqGM
1.24%
Invesco Galaxy Ethereum ETF
QETH
Cboe
0.25%
21Shares Core Ethereum ETF
CETH
Cboe
0.21%
ProShares Bitcoin & Ether Market Cap Weight ETF
BETH
NYSEArca
0.95%
ProShares Bitcoin & Ether Equal Weight ETF
BETE
NYSEArca
0.95%
Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF
AETH
NYSEArca
0.85%
ARK 21Shares Active Ethereum Futures Strategy ETF
ARKZ
Cboe
0.70%
ProShares UltraShort Ether ETF
ETHD
NYSEArca
1.01%
Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF
BTOP
NYSEArca
0.85%
ARK 21Shares Active Bitcoin Ethereum Strategy ETF
ARKY
Cboe
1.00%
ProShares Short Ether ETF
SETH
NYSEArca
0.95%
Bitwise 10 Crypto Index Fund
BITW
OTCQX
2.5%
Franklin Ethereum ETF
EZET
Cboe
0.19% (0% for the first $10 billion or until January 31, 2025
CI Galaxy Ethereum ETF
ETHX.B
TSX
0.40%
Purpose Ether ETF
ETHH
TSX
1.00%
3iQ CoinShares Ether Staking ETF
ETHQ
TSX
2.12%
Evolve Ether ETF
ETHR
TSX
0.75%
Evolve Cryptocurrencies ETF
ETC
TSX
0% (underlying investment funds held by ETC will pay management fees and incur trading fees)
Purpose Ether Yield ETF
ETHY
TSX
1.10%
Fidelity Advantage Ether ETF—L
FETH
TSX
0.40%
How have ETH ETFs impacted Ethereum’s price?
As of November 2024, US investors have poured more than $104 billion into bitcoin ETFs, and so far, demand for Ethereum ETFs has been strong. In the months leading up to July 2024, when ETH ETFs finally hit the US market, the price of ETH rose 52%.
Approval of spot ETFs make Ethereum, the second-largest cryptocurrency by market cap, accessible to a broader range of investors. Whereas many traditional brokers still don’t offer direct crypto investing, most likely offer any approved spot Ethereum ETF, just as they do spot bitcoin ETFs.
Ethereum ETF alternatives
While ETH ETFs offer a convenient way to gain exposure to the cryptocurrency, they are not the only option for investors. Here are some alternative methods to consider:
Direct cryptocurrency purchases. One of the most straightforward alternatives is buying Ethereum directly on a cryptocurrency exchange. Platforms like Coinbase and Kraken allow you to purchase and hold Ethereum in a digital wallet. This method gives you more control over your Ethereum assets and the ability to participate in decentralized finance (DeFi) applications.
Cryptocurrency stocks. Investing in publicly traded companies that are heavily involved in the cryptocurrency space is another alternative. Companies like MicroStrategy (MSTR), Square (SQ) and Tesla (TSLA) have significant holdings in cryptocurrencies, including Ethereum, or are involved in the development of blockchain technologies.
Sources
Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
Matt Miczulski is an investments editor and market analyst at Finder. With over 450 bylines, Matt dissects and reviews brokers and investing platforms to expose perks and pain points, explores investment products and concepts and covers market news, making investing more accessible and helping readers to make informed financial decisions.
Before joining Finder in 2021, Matt covered everything from finance news and banking to debt and travel for FinanceBuzz. His expertise and analysis on investing and other financial topics has been featured on Yahoo Finance, CBS, MSN, Best Company and Consolidated Credit, among others. Matt holds a BA in history from William Paterson University.
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