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How to Buy CI Galaxy Ethereum ETF Shares
In this guide
- 1. How to Buy CI Galaxy Ethereum ETF Shares
- 2. Compare the best CI Galaxy Ethereum ETF trading platforms
- 3. How to buy ETHX-U.TRT ETF, a step-by-step guide
- 4. Should I invest in the CI Galaxy Ethereum ETF?
- 5. How has the ETHX-U.TRT ETF performed in recent years?
- 6. How to sell CI Galaxy Ethereum ETF
- 7. Should I buy CI Galaxy Ethereum ETF now?
- 8. Quick answers to key questions
- 9. What is CI Galaxy Ethereum ETF?
- 10. CI Galaxy Ethereum ETF vs. similar Ethereum ETFs
Trade your favourite markets with our top-rated broker,
.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
It’s simpler, more cost-effective, and convenient than ever to invest in Ethereum. Thanks to the arrival of some top Ethereum ETFs, you can start investing in Ethereum with just a few clicks, in no time at all.
That’s because you can invest in the CI Galaxy Ethereum ETF through a traditional trading account. It’s a low-cost, secure way to get exposure to the world’s largest cryptocurrency, with less risk compared to trading the crypto itself.
You don’t need to sign up to a crypto exchange or manage your own crypto at all if you don’t want to, so an ETF like ETHX-U.TRT is the perfect route in for beginners, or casual investors.
Here we go through a step-by-step walkthrough on how to buy the CI Galaxy Ethereum ETF, making the process simple and accessible for everyone.
Compare the best CI Galaxy Ethereum ETF trading platforms
Copy link to sectionTo invest in an ETF, you need to sign up with an online stock broker like eToro .
All of the recommended ETF platforms below offer a beginner-friendly way to invest. We’ve ordered them according to their value for money, regulatory status, and how easy it is to use the platform.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Plus500
This information is NOT relevant to EU residents who are to be serviced by EU subsidiaries of the Plus500 Group, such as Plus500CY Ltd, authorized by CySEC (Reg. 250/14). Different regulatory requirements apply in Europe, such as leverage limitations and bonus restrictions.
How to buy ETHX-U.TRT ETF, a step-by-step guide
Copy link to sectionInvesting in the CI Galaxy Ethereum ETF is quick and painless, so don’t worry even if you’re new to ETF investing. These are the steps to follow in order to complete your investment:
1. Choose a broker
Copy link to sectionYou need to use an online brokerage platform to buy shares in the ETHX-U.TRT ETF. We recommend eToro , but there are many different options to choose from.
The main thing to check is that the broker offers ETFs in general and the CI Galaxy Ethereum ETF in particular. Along with that, compare the fees across similar platforms before you decide which one to use.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
2. Create an account
Copy link to sectionOnce you’ve selected your broker, simply go to their website and create an account. The steps required for this will vary from platform to platform, but generally you can expect to have to provide your name, email address, phone number, and some form of photo identification.
You can only start using the account properly after you’ve verified your identity with that form of ID. This is normal practice, in accordance with financial regulations laid down by the Securities and Exchange Commission which are designed to prevent fraud and money laundering online.
3. Deposit funds
Copy link to sectionLog into your broker account and select the option to deposit funds. Depending on your broker you’ll have a variety of payment options available; most brokers accept bank transfers and debit card payments, but not all accept e-wallets such as PayPal.
Select your preferred payment method and deposit the amount of money you wish to invest in the ETHX-U.TRT ETF.
4. Place an order for ETHX-U.TRT ETF
Copy link to sectionSearch for the CI Galaxy Ethereum ETF ticker symbol (ETHX-U.TRT) and see the current price at which the ETF is trading.
If you’re happy with the price, enter the amount of shares you wish to own and place your order.
5. Execute your order
Copy link to sectionOnce you have placed your order, your broker will automatically execute it for you and your shares will be listed in your account.
Congratulations, you’ve just invested in the CI Galaxy Ethereum ETF!
You should check back regularly and monitor this position. Have a price in mind at which you’d be prepared to sell, to lock in a profit (hopefully) or limit a loss.
Should I invest in the CI Galaxy Ethereum ETF?
Copy link to sectionIt’s a simple way to invest in Ethereum if you don’t want to own the coins themselves. An ETF is an ideal investment tool for beginners because it’s cheap and easy to buy, and using one to get exposure to Ethereum is a lot simpler than putting your money into cryptocurrency directly.
Here are a few reasons you might want to consider investing in CI Galaxy Ethereum ETF.
- Regulation. The CI Galaxy Ethereum ETF is subject to regulatory oversight by the SEC. This means you’ll have better protection and transparency which is often lacking in the wider crypto market.
- CI Galaxy Ethereum ETF is more accessible. Rather than investing directly in ETH, buying CI Galaxy Ethereum ETF is easier and more accessible to the everyday investor. This makes it a good choice if you’re unsure how to navigate the crypto market.
- Simplicity. You can buy and sell shares of the CI Galaxy Ethereum ETF just like stocks and use a familiar trading platform so you won’t need to learn new processes.
- CI Galaxy Ethereum ETF takes care of custody. When you buy Ethereum directly you’ll need to find a place to store your coins. While this is generally quite simple to do, it’s even easier to buy the ETHX-U.TRT as everything is taken care of for you.
- Potential tax efficiency. Investing in an ETF generally offers a more straightforward way to report tax compared to direct ownership of crypto. Although this largely depends on your local jurisdiction and tax rules.
This is not the only Ethereum ETF available. It’s one of a flurry of ETFs that were made available at around the same time. Here are a few more Ethereum ETFs you can buy:
How has the ETHX-U.TRT ETF performed in recent years?
Copy link to sectionThe current CI Galaxy Ethereum ETF price is $7.00. As the fund is fairly new, there is not much past price performance to take into account.
One of the best ways to evaluate the performance of an ETF like the CI Galaxy Ethereum ETF is by tracking the price of Ethereum and comparing the two. The rises and falls of the ETF should very closely resemble the Ethereum price. If it doesn’t, consider looking elsewhere.
Are there other ways to buy CI Galaxy Ethereum ETF?
Copy link to sectionYes, you can invest in CI Galaxy Ethereum ETF in several ways. One option is to buy stock in the ETHX-U.TRT ETF directly through an investment platform as laid out above.
Another option is to use a social copy trading platform, like eToro. Find a trader who you like and copy their CI Galaxy Ethereum ETF trades directly to your own account.
This can be a good investment strategy for beginners and a way to learn how to buy CI Galaxy Ethereum ETF from someone with more experience.
What are the fees for investing in CI Galaxy Ethereum ETF?
Copy link to sectionIt depends on the stockbroker. Some platforms charge a flat fee per trade, others charge a commission as a percentage of the total trade value each time you buy the ETHX-U.TRT ETF.
Consider that there may be other costs to trading too. Other fees can include deposit and withdrawal fees, or inactivity fees if you don’t use your account for three months or more.
These are the trading platforms that charge the lowest fees for buying CI Galaxy Ethereum ETF.
Asset | eToro fees | Plus500 fees | Public fees |
---|---|---|---|
Crypto | 1% | From 2% | 1-2% (spread) |
Commodities | From 2 pips | From 0.04% | – |
Forex | From 1 pip | – | – |
Index prices | From 0.75 pts | From 0.7% | – |
Stocks | 0% commission | From 0.08% | Spreads |
Stock CFDs | 0.15% | – | – |
ETF CFDs | 0.15% | – | – |
View more > | eToro > | Plus500 > | Public > |
How to sell CI Galaxy Ethereum ETF
Copy link to sectionWhen you decide the time is right to sell and lock in some profit (or cut your losses), log into your broker account and navigate to your portfolio.
From there, find your CI Galaxy Ethereum ETF holding and you’ll see a ‘sell’ option next to it. Click that to set the details of the trade (you don’t have to sell all your stocks at once) and sell back to cash.
Should I buy CI Galaxy Ethereum ETF now?
Copy link to sectionIt’s your investing goals and style that define whether now is a good time to buy. The current ETHX-U.TRT ETF price plays into it but ultimately it depends on your investment horizons.
- If you’re a short term trader: the goal is to make money by buying and selling stocks regularly to secure a profit or avoid a loss. That can mean trading hourly, daily, or weekly but the focus is always on the near future. Traders learn how to buy shares in CI Galaxy Ethereum ETF based on short term technical analysis and don’t hold shares for a long time, so any time can be a good time to buy ETHX-U.TRT.
- If you’re a long term investor: you’re more interested in long term price appreciation than whether a stock is up or down on any given day. The important thing is finding a stock with a strong foundation where you think the share price will be up over a period of months or years. If you think the CI Galaxy Ethereum ETF fundamentals are solid then the best time to invest in ETHX-U.TRT ETF shares is after a dip or a pullback in price.
Most new traders sit somewhere between these two positions. You don’t want to actively trade CI Galaxy Ethereum ETF all hours of the day but you don’t want to wait years for a return either.
Either way, following ETHX-U.TRT price news and analysis will help you decide when to dip your toe into the market.
Quick answers to key questions
Copy link to sectionIs the CI Galaxy Ethereum ETF overvalued?
Copy link to sectionThere is no perfect way to value an ETF. You can use financial metrics like the P/E ratio to compare share prices among ETHX-U.TRT ETF and its competitors, where a higher ratio indicates that an ETF is more expensive. But lots of different factors play into the CI Galaxy Ethereum ETF share price and the ‘right’ valuation is often a matter of opinion.
Do I have to pay capital gains tax on any profits I make?
Copy link to sectionIt depends on where you live but you do normally have to pay capital gains tax any time you make money from investing in the CI Galaxy Ethereum ETF.
Capital gains tax is often charged at 10-15% of your profit but there are ways to limit the amount you have to pay, by using tax-friendly stock market investment vehicles and writing off losses.
Speak to an accountant or a tax professional and check the tax laws where you live to find out more.
What is CI Galaxy Ethereum ETF‘s ticker symbol?
Copy link to sectionThe CI Galaxy Ethereum ETF ticker symbol is ETHX-U.TRT. A ticker symbol, or stock code, is an exchange traded fund’s unique identifier so that you can find them on stock exchanges.
What is CI Galaxy Ethereum ETF?
Copy link to sectionManaged by CI Global Asset Management in partnership with Galaxy Digital, CI Galaxy Ethereum ETF is designed to provide investors with direct exposure to ETH. The fund holds actual Ethereum as its underlying asset, allowing it to closely track the price of Ethereum in real-time.
The CI Galaxy Ethereum ETF is traded on the Toronto Stock Exchange (TSX) under the ticker symbol ETHX and is available in both CAD and USD currency options.
CI Galaxy Ethereum ETF vs. similar Ethereum ETFs
Copy link to sectionUnlike futures-based Ethereum ETFs, such as the ProShares Ether Strategy ETF (EETH), which derive their value from Ethereum futures contracts, CI Galaxy Ethereum ETF directly holds Ethereum. This direct exposure allows the ETF to more accurately reflect Ethereum’s spot price, without the potential tracking errors and added costs associated with futures contracts.
In terms of expense ratios, the CI Galaxy Ethereum ETF is among the most competitive in the market, with a management fee of approximately 0.40%. This is lower than some of its peers, such as the Purpose Ether ETF (ETHH), which may have slightly higher fees.