How to buy spot Ethereum ETFs in Canada

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.

Our top picks for ETF investing

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.

Fund	Symbol	Exchange	Expense ratio
iShares Ethereum Trust ETF	ETHA	NasdaqGM	0.25%
Grayscale Ethereum Trust	ETHE	NYSEArca	2.50%
Grayscale Ethereum Mini Trust	ETH	NYSEArca	0.15% (0% for the first $2 billion or until January 23, 2025)
Fidelity Ethereum Fund	FETH	Cboe	0.25%
Volatility Shares Trust—2x Ether ETF (ETHU)	ETHU	Cboe	0.94%
Bitwise Ethereum ETF	ETHW	NYSEArca	0.20%
ProShares Ultra Ether ETF	ETHT	NYSEArca	0.94%
VanEck Ethereum ETF	ETHV	Cboe	0.20% (0% for the first $1.5 billion or until July 22, 2025)
ProShares Ether ETF	EETH	NYSEArca	0.95%
CoinShares Valkyrie Bitcoin and Ether Strategy ETF	BTF	NasdaqGM	1.24%
Invesco Galaxy Ethereum ETF	QETH	Cboe	0.25%
21Shares Core Ethereum ETF	CETH	Cboe	0.21%
ProShares Bitcoin & Ether Market Cap Weight ETF	BETH	NYSEArca	0.95%
ProShares Bitcoin & Ether Equal Weight ETF	BETE	NYSEArca	0.95%
Bitwise Trendwise Ether and Treasuries Rotation Strategy ETF	AETH	NYSEArca	0.85%
ARK 21Shares Active Ethereum Futures Strategy ETF	ARKZ	Cboe	0.70%
ProShares UltraShort Ether ETF	ETHD	NYSEArca	1.01%
Bitwise Trendwise BTC/ETH and Treasuries Rotation Strategy ETF	BTOP	NYSEArca	0.85%
ARK 21Shares Active Bitcoin Ethereum Strategy ETF	ARKY	Cboe	1.00%
ProShares Short Ether ETF	SETH	NYSEArca	0.95%
Bitwise 10 Crypto Index Fund	BITW	OTCQX	2.5%
Franklin Ethereum ETF	EZET	Cboe	0.19% (0% for the first $10 billion or until January 31, 2025
CI Galaxy Ethereum ETF	ETHX.B	TSX	0.40%
Purpose Ether ETF	ETHH	TSX	1.00%
3iQ CoinShares Ether Staking ETF	ETHQ	TSX	2.12%
Evolve Ether ETF	ETHR	TSX	0.75%
Evolve Cryptocurrencies ETF	ETC	TSX	0% (underlying investment funds held by ETC will pay management fees and incur trading fees)
Purpose Ether Yield ETF	ETHY	TSX	1.10%
Fidelity Advantage Ether ETF—L	FETH	TSX	0.40%

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.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, 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 all investors. Trading forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.