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ETHX-U

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1d
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Analysis and statistics

  • Open
    19.0203$
  • Previous Close
    21.5103$
  • 52 Week Change
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  • Day Range
    -2.49$
  • 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

The ETF with the ticker symbol ETHX-U.TO, traded on the Toronto Stock Exchange, refers to the Purpose Ether ETF (USD Hedged). This ETF is designed to provide investors with exposure to the digital currency Ether (ETH) while hedging against fluctuations between the Canadian dollar and the US dollar. The fund aims to track the performance of the price of Ether by directly holding Ether tokens and using hedging strategies to mitigate currency risk for Canadian investors.

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Factors

Ethereum Price: The value of ETHX-U.TO directly reflects Ethereum's price. A higher ETH price means a higher ETHX-U.TO price.

Supply and Demand: Increased demand for ETHX-U.TO, exceeding supply, pushes its price up. Conversely, higher supply than demand lowers the price.

ETF Premiums/Discounts: ETHX-U.TO may trade at a premium or discount to its net asset value (NAV). High demand can lead to a premium.

Market Sentiment: Overall market optimism or pessimism towards cryptocurrencies affects ETHX-U.TO. Positive sentiment can drive prices higher.

Regulatory Environment: Government regulations regarding cryptocurrency trading and ETFs influence investor confidence and ETHX-U.TO pricing.

Competitor ETFs: The presence of similar ETFs affects demand for ETHX-U.TO. A better-performing or cheaper competitor could draw investors away.

Staking Rewards: Staking rewards are distributed as additional units in the fund, increase the value of the fund over time.

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