Ether ETFs have revolutionized cryptocurrency investing in Canada since their debut in April 2021. Following the success of Bitcoin ETFs, these investment vehicles provide Canadians with a secure, regulated way to gain exposure to Ethereum's native currency through traditional brokerage accounts—including registered accounts like TFSAs and RRSPs.
This comprehensive guide examines the top 5 Ether ETFs available to Canadian investors in 2025, comparing their features, performance, and costs.
Top 5 Canadian Ether ETFs
1. CI Galaxy Ethereum ETF (ETHX)
- Ticker: ETHX.B (CAD), ETHX.U (USD)
- Management Fee: 0.40%
- AUM: $544.07 million
- Inception: April 16, 2021
- Key Advantage: Lowest management fee among Canadian Ether ETFs
The CI Galaxy Ethereum ETF maintains its position as the cost leader with an MER capped at 0.77%. Its USD variant provides direct exposure without currency conversion concerns for US-denominated accounts.
Performance:
- 1-year return: -45.1%
- Since inception: +3.8%
👉 Compare ETHX with other crypto investment options
2. Purpose Ether ETF (ETHH)
- Ticker: ETHH (CAD), ETHH.U (USD), ETHH.B (CAD Hedged)
- Management Fee: 1.00%
- AUM: $354.93 million
- Inception: April 19, 2021
- Key Advantage: Only ETF with currency-hedged option
Purpose's physically-settled ETF offers three variants, including a unique currency-hedged option for investors concerned about CAD/USD fluctuations.
Performance:
| Variant | 1-Year Return |
|---|---|
| CAD Hedged | 39.53% |
| USD | 41.82% |
3. Evolve Ether ETF (ETHR)
- Ticker: ETHR (CAD), ETHR.U (USD)
- Management Fee: 0.75%
- AUM: $64.18 million
- Inception: April 20, 2021
- Key Advantage: Competitive fees with established track record
ETHR has delivered consistent returns since launch, with a 50.04% 1-year gain demonstrating its resilience during market fluctuations.
4. 3iQ Ether Staking ETF (ETHQ)
- Ticker: ETHQ (CAD), ETHQ.U (USD)
- Management Fee: 1.00%
- AUM: $44 million
- Inception: April 19, 2021
- Key Advantage: Staking rewards incorporated
This ETF stands out by incorporating staking rewards into its investment strategy, potentially offering enhanced returns for long-term holders.
5. Purpose Ether Yield ETF (ETHY)
- Ticker: ETHY
- Management Fee: 1.10%
- AUM: $70.1 million
- Inception: November 30, 2021
- Key Advantage: Yield-focused strategy
Purpose's yield-focused ETF employs advanced strategies to generate additional returns beyond simple Ether price appreciation.
Choosing the Right Ether ETF
When selecting an Ether ETF, consider these key factors:
- Cost Structure: ETHX offers the lowest fees at 0.40%
- Currency Options: ETHH provides currency-hedged variants
- Investment Strategy: ETHQ incorporates staking rewards
- Performance History: All ETFs show strong long-term growth
For most investors, the CI Galaxy Ethereum ETF (ETHX) represents the optimal balance of low costs and solid performance.
Pros and Cons of Ether ETFs
Advantages:
- Tax-efficient exposure in registered accounts
- Eliminates technical challenges of direct crypto ownership
- Institutional-grade security measures
Considerations:
- Higher fees than direct crypto purchases
- Limited control over underlying assets
How to Invest in Canadian Ether ETFs
Two commission-free platforms simplify ETF investing:
- Questrade: Free ETF purchases (selling incurs fees)
- Wealthsimple Trade: Completely commission-free trading
👉 Learn more about crypto investment strategies
Frequently Asked Questions
Q: Are Ether ETFs available in RRSP accounts?
A: Yes, all major Canadian Ether ETFs are RRSP-eligible.
Q: Which ETF has the lowest fees?
A: CI Galaxy Ethereum ETF (ETHX) at 0.40% management fee.
Q: How do these compare to Bitcoin ETFs?
A: Ether ETFs generally have higher volatility but greater growth potential than Bitcoin ETFs.
Q: Can US investors buy these ETFs?
A: Yes, through brokerages offering access to TSX-listed securities.
Q: What's the minimum investment?
A: Most ETFs can be purchased for the price of one share (typically $20-$50).
Conclusion
Canadian investors have access to world-class Ether ETFs offering varying strategies to match different investment objectives. While past performance doesn't guarantee future results, these regulated products provide a secure gateway to Ethereum's growth potential without the technical complexities of direct crypto ownership.
As always, investors should consider their risk tolerance and investment horizon when adding cryptocurrency exposure to their portfolios.