- Purpose ETF options will begin listing on the Montréal Exchange
- Purpose Investments is also the manager of the Purpose Bitcoin ETF
- Purpose Ether ETF has already attracted approximately $122.4 million in assets from retail and institutional investors in only three weeks
- Purpose Investments is an asset management company with more than $11 billion in assets under management
- The ETF is available in both Canadian dollar (TSX:ETHH) and U.S. dollar-denominated units (TSX:ETHH.U)
- The Purpose Ether ETF is up 18.67 per cent, trading at C$18.94 at 1:15 pm ET
Purpose Investments is thrilled to announce the TMX Group will begin listing options around Purpose Ether ETF today on the Montréal Exchange.
The listing of options solidifies Purpose Ether ETF’s position as the leading Ether ETF vehicle for both institutions and retail investors.
Purpose Investments is also the manager of the world’s first physically settled Bitcoin ETF, the Purpose Bitcoin ETF (BTCC), which has over $1.3 billion in assets under management (“AUM”). Purpose also lists options for Purpose Bitcoin ETF, providing investors with more ways to gain exposure to Bitcoin.
“This is great news for investors and a powerful display of innovation in motion,” said Som Seif, founder and CEO of Purpose Investments.
“It’s been less than three weeks since we launched Purpose Ether ETF, and we’re already seeing the infrastructure for options trading put into place by the TMX Group. Our goal is to continue to bring cryptocurrency into the mainstream by making Ether more accessible to investors, just as we did with Bitcoin.”
The initial options schedule and strike prices are as follows:
New Classes | ||||
| Company Name | Underlying ETF | Options Symbol | Months | Strike Prices |
Purpose Ether ETF (non-FX hedged) | ETHH.B | ETHH | May June July August September December | 14, 14.5, 15, 15.5, 16, 16.5, 17, 17.5, 18 14, 14.5, 15, 15.5, 16, 16.5, 17, 17.5, 18 14, 14.5, 15, 15.5, 16, 16.5, 17, 17.5, 18 14, 14.5, 15, 15.5, 16, 16.5, 17, 17.5, 18 12, 14, 15, 16, 17, 18, 20 12, 14, 15, 16, 17, 18, 20 |
Purpose Ether ETF launched April 20, 2021, and has already attracted approximately $122.4 million in assets from retail and institutional investors.
The ETF is available in Canadian dollar-denominated units (TSX:ETHH and TSX:ETHH.B) and U.S. dollar-denominated units (TSX: ETHH.U).
Purpose Investments is an asset management company with more than $11 billion in assets under management.
Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Financial.
Purpose Financial is an independent, technology-driven financial services platform that is reshaping the industry by connecting and creating opportunities across asset management, wealth management and small business financial services.
The Purpose Ether ETF is up 18.67 per cent, trading at C$18.94 at 1:15 pm ET.
