Key stats
About EVOLVE LEVERED ETHER UNITS UNHEDGED ETF CAD
Home page
Inception date
Mar 17, 2025
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Capitalizes
Distribution tax treatment
Ordinary income
Primary advisor
Evolve Funds Group, Inc.
The fund is a leveraged Ether exposure ETF designed to deliver 1.25x the daily price movement of the US dollar price of Ether (ETH). Instead of directly holding Ether, the fund gains exposure through publicly offered investment funds, primarily investing in the Evolve Ether ETF (ETHR), an affiliated fund managed by the same issuer that holds physical Ether. The strategy centers on cash borrowing to create leverage, maintaining a target leverage of 25% of its net asset value (NAV) and rebalancing within two business days if leverage exceeds 27% of NAV. Unlike traditional leveraged funds, LETH does not use derivatives. The fund does not hedge foreign exchange risk, meaning fluctuations in currency values can impact CAD-denominated units. Due to LTHRs leveraged nature, it is significantly more volatile than spot Ether.
Classification
Symbol
Geography
Global
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF123.39%
Cash−23.39%