EVOLVE ETHER ETF CAD UNHEDGED UNITEVOLVE ETHER ETF CAD UNHEDGED UNITEVOLVE ETHER ETF CAD UNHEDGED UNIT

EVOLVE ETHER ETF CAD UNHEDGED UNIT

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Key stats


Assets under management (AUM)
‪60.87 M‬CAD
Fund flows (1Y)
‪1.68 M‬CAD
Dividend yield (indicated)
Discount/Premium to NAV
−0.9%
Shares outstanding
‪5.14 M‬
Expense ratio
2.04%

About EVOLVE ETHER ETF CAD UNHEDGED UNIT


Issuer
Evolve Funds Group, Inc.
Brand
Evolve
Inception date
Apr 20, 2021
Structure
Canadian Mutual Fund Trust (ON)
Index tracked
Ether - ETH/USD
Management style
Passive
Dividend treatment
Distributes
Primary advisor
Evolve Funds Group, Inc.
The fund is the first ETF in the market that offers exposure to Ether (ETH). The portfolio is priced based on the CME CF Ether-Dollar Reference Rate (ETHUSD_RR) a once-a-day benchmark index price for USD-denominated Ether. ETH holdings are purchased through OTC counterparties, and different Ether trading platforms, including Bitstamp, Coinbase, Gemini, itBit and Kraken. A trading platform is eligible as a constituent exchange in the ETHUSD_RR if it facilitates cryptocurrency spot trading against the corresponding fiat currency, and makes trade data and order data available. ETHUSD_RR uses a pricing methodology that divides a one-hour window of transactions on constituent exchanges into 12 partitions of equal length (five minutes each). It produces an ETH value that averages the volume-weighted median of all transactions in each partition. The fund will not use derivatives, does not intend to pay regular cash distributions, and will not hedge any foreign currency exposure.

Classification


Asset Class
Currency
Category
Pair
Focus
Long Ether, short CAD
Niche
In specie
Strategy
Vanilla
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset
What's in the fund
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Broaden your horizons with more funds linked to ETHR via country, focus, and more.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
ETHR trades at 11.42 CAD today, its price has fallen −1.89% in the past 24 hours. Track more dynamics on ETHR price chart.
ETHR net asset value is 11.53 today — it's risen 34.65% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
ETHR assets under management is ‪60.87 M‬ CAD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
ETHR price has risen by 35.15% over the last month, and its yearly performance shows a −36.63% decrease. See more dynamics on ETHR price chart.
NAV returns, another gauge of an ETF dynamics, showed a 21.32% increase in three-month performance and has decreased by −35.35% in a year.
ETHR fund flows account for ‪1.68 M‬ CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
ETHR invests in cash. See more details in our Analysis section.
ETHR expense ratio is 2.04%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, ETHR isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, ETHR technical analysis shows the neutral rating and its 1-week rating is neutral. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating ETHR shows the sell signal. See more of ETHR technicals for a more comprehensive analysis.
No, ETHR doesn't pay dividends to its holders.
ETHR trades at a premium (0.94%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
ETHR shares are issued by Evolve Funds Group, Inc.
ETHR follows the Ether - ETH/USD. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Apr 20, 2021.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.