Last week, all three announced plans to release ETFs tracking the popular cryptocurrency in the Canadian market on Tuesday, investing directly in Ether tokens. Although Europe has several exchange-traded products tracking Ether and Grayscale Investments offers an Ethereum Trust, this will be a first for the North American market.
The price war in Bitcoin exchange-traded funds started not long after the first two products launched. For rival cryptocurrency Ether, it’s beginning before the ETFs even start trading.
Evolve Funds Group Inc. is waiving the 0.75% management fee on its upcoming Ether ETF, ticker ETHR, until May 31, according to a company statement. That will make it cheaper than two competing products from Purpose Investments Inc. and CI Global Asset Management.
