This website uses cookies to ensure you get the best experience on our website
19th Apr 2021
Dalmas Ngetich, for CryptoAltum News Team

3 Ethereum ETFs Approved in Canada; ETHUSD Prices Correct to $2.1k

Canadian regulators haveapprovedthree Ethereum ETFs-- Purpose Ether ETF, CI Galaxy Ethereum ETF, and Evolve Ether ETF. All will launch on the Toronto stock exchange (TSX) beginning Apr 20. This time, the regulator decided to level the ground. They gave issuers the same advantage, unlike what they did earlier when they approved the Purpose Bitcoin ETF before giving the green lights to others.


Institutional participation is vital for any digital asset. It is crucial considering the current state of affairs being a mostly unregulated asset. Canada's regulators approving the three Ether ETFs opens up the sphere to deep-pocketed institutions to participate, a net positive for ETH/USD prices. Eyes are on the SEC and whether they will approve the first Bitcoin ETF, setting the ground for the same ETH product in due course.

Impact on the ETH Price:

Bullish. Events from regulators complementdevelopers' effortin enhancing the network's performance, offering support for ETH/USD prices. From Apr 20, the ETH price may edge higher, arresting Apr 18's collapse and providing an opportunity for institutions to double down on the asset.

More market news over on ourBlog

Risk Disclosure: Trading cryptocurrencies or any other financial instrument involves a significant level of risk and may result in a total loss of your investment. You should consider carefully whether investing in Bitcoin or any other instrument offered by CryptoAltum is appropriate to your financial situation. CryptoAltum only accepts deposits in Cryptocurrencies. By trading with CryptoAltum you acknowledge your understanding of this risk disclosure and your agreement with the Terms and Conditions.

This website is not directed at any jurisdiction and is not intended for any use that would be contrary to local law or regulation.

CryptoAltum does not accept any clients under the age of 18. 
  • Copyright Techcraft Ltd (CryptoAltum) 2020