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ETHX-B

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--%
1d
1w
1m

Analysis and statistics

  • Open
    21.1002$
  • Previous Close
    23.9478$
  • 52 Week Change
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  • Day Range
    -2.85$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

ETHX-B.TO represents the Purpose Ether Yield ETF - Hedged to CAD, traded on the Toronto Stock Exchange (TSX). This ETF aims to provide unitholders with exposure to the daily price movements of Ether (ETH), while also generating income through staking and active covered call strategies. It employs a currency hedging strategy to mitigate the impact of fluctuations between the price of Ether, which is typically denominated in USD, and the Canadian dollar. Therefore, investors receive returns based on Ether's performance while reducing exposure to foreign exchange risk.
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Factors

Bitcoin Price: ETHX-B.TO tracks Bitcoin. Higher Bitcoin prices usually mean a higher ETHX-B.TO price.

Market Sentiment: Overall investor feelings toward crypto impact ETHX-B.TO. Positive sentiment drives up prices, negative sentiment pushes them down.

Supply & Demand: Increased buying pressure on ETHX-B.TO raises its price, while increased selling pressure lowers it.

ETF Premiums/Discounts: ETHX-B.TO can trade at a premium or discount to its net asset value (NAV). Larger premiums mean higher prices.

Regulatory News: Favorable or unfavorable regulations regarding cryptocurrencies and ETFs can affect ETHX-B.TO price.

Competitor Performance: The performance of similar Bitcoin ETFs can influence ETHX-B.TO's relative attractiveness and price.

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