PURPOSE ETHER ETF UNITPURPOSE ETHER ETF UNITPURPOSE ETHER ETF UNIT

PURPOSE ETHER ETF UNIT

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Key stats


Assets under management (AUM)
‪117.36 M‬CAD
Fund flows (1Y)
‪9.69 M‬CAD
Dividend yield (indicated)
Discount/Premium to NAV
7.8%

About PURPOSE ETHER ETF UNIT


Issuer
Purpose Unlimited
Brand
Purpose
Expense ratio
1.49%
Inception date
Apr 16, 2021
Index tracked
Ether - ETH/CAD
Management style
Passive
The fund holds substantially all of its assets in long-only Ether. The objective is to provide a convenient, lower-cost alternative than a direct investment. When units are purchased, the fund manager buys Ether at a perceived fair price from institutional-grade liquidity providers. Ether is held in an offline wallet, or cold storage. The fund may also hold cash to meet obligations. The fund does not use derivatives to leverage exposure or speculate on the short-term price performance. In efforts to avoid pricing anomalies, the TradeBlock ETX Index is used to calculate the NAV each day at 4:00 pm Toronto time. The ETF units are intended to be allowed in registered accounts. The fund is subject to certain conflicts of interest, such as covering all charges prior to an investor receiving any return on investment. The fund may borrow money in accordance with restrictions to acquire Ether. An investment in the ETF is not guaranteed by any entity. ETF units cannot be redeemed for Ether.

Classification


Asset Class
Currency
Category
Pair
Focus
Long Ether, short CAD
Niche
In specie
Strategy
Vanilla
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of October 31, 2024
Exposure type
Bonds, Cash & Other
Mutual fund
Bonds, Cash & Other100.00%
Mutual fund100.07%
Cash−0.07%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows