Best Ethereum ETFs to buy in 2021

An ETF offers a way for any investor to speculate on cryptocurrencies like Ethereum without buying the coin itself. Here, we pick out the best Ethereum ETFs to invest in today.
By: James Knight
James Knight
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed,… read more.
Updated: Sep 14, 2021
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An ETF can be the easiest and safest way to put your money into cryptocurrency but they are still relatively new. This guide shows you which Ethereum ETFs are available right now and why you should invest in them.

What are the top Ethereum ETFs to buy?

Our experts have ranked their favourite options in the table below. It’s worth noting that more are likely to spring up in the near future and we will regularly update the information below so you can be confident that these are the best ETFs on the market today. Scroll down to learn more about each one in detail.

#ETF symbolETF name
1ETHXCI Galaxy Ethereum
2ETHREvolve Ether ETF
3ETHHPurpose Ether ETF
List chosen by our team of analysts, September 14th, 2021

1. CI Galaxy Ethereum (TSE: ETHX)

The CI Galaxy fund was one of the first Ethereum ETFs to be made available anywhere in the world. Like the next couple of options, it trades on the Toronto stock exchange (the US authorities having failed to approve any crypto ETFs as yet). It was set up in April 2021.

Set up in April 2021, the CI Galaxy ETF claims to be the first Ethereum ETF in the world. It is a theme of all three of the options at the top of this list that they claim to have been the first. In reality, they were all set up at virtually the same time, as the Canadian authorities approved them together.

The big advantage of this fund is that its management fee is the lowest. It charges just 0.4% annually, which is less than either of the funds below it.

2. Evolve Ether ETF (TSE: ETHR)

The Evolve fund operates in much the same way as the CI Galaxy one. It only holds Ethereum and the price of the shares are based on a daily benchmark rate. The main difference is that it uses a different benchmark.

This ETF only holds Ethereum and the price of its shares are based on the price of that cryptocurrency. It uses a benchmark rate that updates once every day as the guideline. ETFs like this can be used to speculate on day to day price changes, or as a long term investment if you think the price is going to rise significantly over time.

3. Purpose Ether ETF (TSE: ETHH)

Purpose is the third Ethereum ETF that works in much the same way. It owns Ethereum, keeps it in ‘cold storage’ (offline, as opposed to storing it on the internet), and tracks the price using a benchmark rate.

The reason it is third on the list is that it has the highest management fee of the three. It charges about 1% annually. However, Purpose also has a number of other ETFs you might be interested in, like a Bitcoin ETF, so it is an option if you want exposure to other coins beyond Ethereum.

Where to buy the best Ethereum ETFs

In order to get any Ethereum ETF you need to sign up for an online broker. All of the options in the table below let you trade ETFs and you can create an account in seconds by clicking on the link next to the broker’s name.

1
Min. Deposit
$50
Exclusive promotion
user-score
10
Trade/invest in stocks with just $50
Invest for dividends and get payout on stocks on Ex-Dividend day
Over 11 payment methods, including PayPal
Start Trading
Description:
eToro is a multi-asset investment platform with more than 2000 assets, including FX, stocks, ETF’s, indices and commodities. eToro users can connect with, learn from, and copy or get copied by other users. Buying stocks on eToro is free and you can invest with as little as $50.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.
2
Min. Deposit
$1
Exclusive promotion
user-score
9.3
0 Commissions and no deposit minimums
Registered with and regulated by SEC and FINRA
Loss of cash protection
Start Trading
Description:
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
Payment Methods
Full regulations list:

What is an Ethereum ETF?

An exchange traded fund is a fund that trades on a stock exchange. That means you can buy shares in it at any time of day and its price rises and falls based on the performance of the assets that it owns. Ethereum ETFs own the cryptocurrency itself, and represent a way to invest in the coin through ‘normal’ financial channels.

Are Ethereum ETFs a good investment?

They are if you want to get exposure to Ethereum but don’t want to have to worry about getting your own cryptocurrency wallet. ETFs are more regulated than cryptocurrency, so you have more protection by investing this way, and they’re much easier to use for beginners.

The drawback is that these are not like traditional ETFs. Normally, ETFs own a diverse range of assets and are ideal for a long term investment strategy. Ethereum ETFs, however, only own a single asset and an extremely volatile one at that. Rather than being a way to reduce your risk, they offer a way to safely invest in a very risky asset.

Overall, if you want to invest in Ethereum then an ETF is the easiest way to do it. Just remember that cryptocurrency prices can change dramatically over a short period of time and these funds don’t shield you from that. You can get started by signing up for a reliable broker and searching for the ticker symbol for your chosen ETF.

Latest Ethereum news

Voyager Digital’s Retail Investor Sentiment Survey for Q3 2021 reflects increasingly positive investor sentiment towards crypto assets. This finding is surprising as the quarter has seen heightened watchdog scrutiny around the digital asset industry and Bitcoin (BTC/USD) still hasn’t reached its peak value in April. Almost 90% of investors…
Golem Network, a flexible, open-source platform that seeks to offer democratized access to digital resources, has launched an app that allows anyone that owns a laptop to mine crypto. The company unveiled this news through a blog post on September 23, noting that the app is dubbed Thorg. Reportedly, Thorg…
Thomas Edward Patrick Brady Jr., an American football player who is currently the quarterback for the Tampa Bay Buccaneers, is interested in getting some of his salary in crypto. The seven-time Super Bowl winner revealed this news during a recent SiriusXM podcast. According to the NFL star, Bitcoin (…
BTG Pactual, a renowned Brazilian investment bank, has launched a new platform that allows clients to make direct investments in crypto. A report unveiled this news on September 20, noting that this move makes the bank the first big financial institution in Brazil to get involved with the crypto space.
American financial services company Robinhood is testing a crypto wallet that will allow customers to send and receive cryptos like Bitcoin (BTC/USD). A report unveiled this news on September 20, citing new features in the beta version of the company’s iPhone app. Reportedly, the software features…

Fact-checking & references

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James Knight
Financial writer
When he isn’t at work, James is an avid trader and golfer who likes to travel. He once fed, rode, and ate an ostrich all on… read more.