Purpose Ether ETF (Hedged) (ETHH)
World's first physically-settled spot Ether ETF from Purpose Investments – CAD hedged for Canadian investors (direct Ether exposure in cold storage).
Key Facts
| Issuer | Purpose Investments Inc. |
|---|---|
| Ticker | ETHH (TSX - CAD Hedged) |
| Expense Ratio | Capped at 1.50% (actual ~1.46%) |
| Approx. AUM | $355M CAD (as of Jan 9, 2026) |
| Custodian | Cold storage (physical Ether) |
| Inception | April 19, 2021 |
| Official Site | Purpose ETHH Page |
Composition / Holdings
ETHH is 100% physically-backed spot Ethereum (direct holding in cold storage; no derivatives).
| Asset | Percentage | Description |
|---|---|---|
| Ether (ETH) | ~100% | Physically-held Ether in secure cold storage (hedged to CAD) |
Direct 1:1 exposure to Ether price (less fees). No staking rewards passed through. Currency hedged to reduce CAD/USD FX risk.
Net Inflows & Outflows
Historical net flows showing investor demand for physical Ether exposure in Canada. Long-term positive cumulative since 2021 inception, with recent mixed trends amid 2025-2026 Ether volatility.
Performance Overview
NAV tracking and returns vs. Ether spot price (high correlation, minor tracking error from fees and hedging).
ESG & Sustainability Metrics
Estimated ESG profile for Ethereum (post-Merge PoS improves energy score; strong on decentralization/utility).
Pros
- World's first physically-settled spot Ether ETF (since 2021)
- Direct 1:1 Ether exposure in cold storage – no wallet needed
- CAD hedged to reduce currency risk for Canadian investors
- Eligible for TFSA/RRSP registered accounts
Cons
- Higher expense ratio (capped 1.50%) vs. US spot peers
- Full exposure to Ether price volatility
- No staking rewards passed to holders
- No direct Ether ownership/withdrawals
How to Buy ETHH
Available on major Canadian brokers (Questrade, Wealthsimple, RBC Direct, TD Direct, etc.). Search ticker ETHH (hedged), ETHH.B (unhedged), or ETHH.U (USD). Ideal for TFSA/RRSP accounts.
Not financial advice. Investments in crypto ETFs involve high risk, including potential loss of principal. Data approximate as of January 9-11, 2026 (sources: Purpose Investments, Yahoo Finance, TMX Money). Always verify with official sources.