How to buy spot Ethereum ETFs in Canada

4 steps to buy into an Ethereum ETF plus a list of ETH ETFs in Canada and the US.

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By

Matt Miczulski

&

Stacie Hurst

Edited by

Holly Jennings

Updated

Fact checked

Key takeaways

  • 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

  1. 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.
  2. Confirm your payment details. You’ll need to fund your account with a bank transfer, Interac e-Transfer or any other eligible method.
  3. Select and research ETFs. Search the platform for the ETF ticker symbol. The platform should provide the latest information available.
  4. 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.

FundSymbolExchangeExpense ratio
iShares Ethereum Trust ETFETHANasdaqGM0.25%
Grayscale Ethereum TrustETHENYSEArca2.50%
Grayscale Ethereum Mini TrustETHNYSEArca0.15% (0% for the first $2 billion or until January 23, 2025)
Fidelity Ethereum FundFETHCboe0.25%
Volatility Shares Trust—2x Ether ETF (ETHU)ETHUCboe0.94%
Bitwise Ethereum ETFETHWNYSEArca0.20%
ProShares Ultra Ether ETFETHTNYSEArca0.94%
VanEck Ethereum ETFETHVCboe0.20% (0% for the first $1.5 billion or until July 22, 2025)
ProShares Ether ETFEETHNYSEArca0.95%
CoinShares Valkyrie Bitcoin and Ether Strategy ETFBTFNasdaqGM1.24%
Invesco Galaxy Ethereum ETFQETHCboe0.25%
21Shares Core Ethereum ETFCETHCboe0.21%
ProShares Bitcoin & Ether Market Cap Weight ETFBETHNYSEArca0.95%
ProShares Bitcoin & Ether Equal Weight ETFBETENYSEArca0.95%
Bitwise Trendwise Ether and Treasuries Rotation Strategy ETFAETHNYSEArca0.85%
ARK 21Shares Active Ethereum Futures Strategy ETFARKZCboe0.70%
ProShares UltraShort Ether ETFETHDNYSEArca1.01%
Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETFBTOPNYSEArca0.85%
ARK 21Shares Active Bitcoin Ethereum Strategy ETFARKYCboe1.00%
ProShares Short Ether ETFSETHNYSEArca0.95%
Bitwise 10 Crypto Index FundBITWOTCQX2.5%
Franklin Ethereum ETFEZETCboe0.19% (0% for the first $10 billion or until January 31, 2025
CI Galaxy Ethereum ETFETHX.BTSX0.40%
Purpose Ether ETFETHHTSX1.00%
3iQ CoinShares Ether Staking ETFETHQTSX2.12%
Evolve Ether ETFETHRTSX0.75%
Evolve Cryptocurrencies ETFETCTSX0% (underlying investment funds held by ETC will pay management fees and incur trading fees)
Purpose Ether Yield ETFETHYTSX1.10%
Fidelity Advantage Ether ETF—LFETHTSX0.40%

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.
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.

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To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings as part of our fact-checking process.
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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. See full bio

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Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family. See full bio

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