3 Ether ETFs Will Start Trading Tuesday. The Fee War Has Already Started.

3 Ether ETFs Will Start Trading Tuesday. The Fee War Has Already Started.

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While the U.S. market waits for its first Bitcoin exchange-traded fund, Canada“”which has already approved a few Bitcoin ETFs“”moved on to the next thing. 

Last week, the Ontario Securities Commission approved the launch of three ETFs that would offer investors direct exposure to Ether, the second-largest cryptocurrency by market capitalization after Bitcoin. On Tuesday, three funds that hold Ether are expected to start trading on the Toronto Stock Exchange: Purpose Investments' Purpose Ether ETF (ticker: ETHH), CI Global Asset Management's CI Galaxy Ethereum ETF (ETHX), and Evolve ETFs' Evolve Ether ETF (ETHR).

The approvals come two months after Canada approved its first Bitcoin ETF, the



Purpose Bitcoin ETF



(BTCC). That ETF has already amassed C$1.4 billion ($1.1 billion) since launch, proving strong investor demand for a way to hold cryptocurrencies without the hassles of securing and storing them, as well as the ability to integrate the emerging asset class into portfoliosand trade with lower costs.

"While bitcoin tends to get a lot of attention as it