Top US Crypto ETFs by AUM: 1. IBIT (BlackRock BTC) – ~$70B+ 2. ETHA (BlackRock ETH) – ~$10.9B 3. ETHT (ProShares 2x ETH) – ~$1.66B 4. ETHE (Grayscale ETH Staking) – ~$2.7B 5. FETH (Fidelity ETH) – ~$2.2B
Top Canada & Europe Crypto ETFs: 1. ETHH (Purpose Ether Hedged - Canada) – ~$355M CAD 2. ETHR (Evolve Ether Unhedged - Canada) – ~$220M CAD 3. FETH (Fidelity Ether Unhedged - Canada) – ~$185M CAD 4. ETHX (CI Galaxy Ether - Canada) – ~$145M CAD
Top Asia Crypto ETFs: 1. CSOP BTC Futures (Hong Kong) – ~$1.1B HKD 2. Harvest BTC Spot (Hong Kong) – ~$850M HKD 3. Samsung BTC (Hong Kong) – ~$720M HKD

CI Galaxy Ethereum ETF (ETHX)

Physically-backed spot Ether ETF from CI Global Asset Management & Galaxy Digital – CAD unhedged for Canadian investors (direct Ether exposure in cold storage).

Key Facts

IssuerCI Global Asset Management (with Galaxy Digital)
TickerETHX (TSX - CAD Unhedged)
Expense Ratio0.40%
Approx. AUM$145M CAD (as of Jan 9, 2026)
CustodianCold storage (physical Ether)
InceptionApril 20, 2021
Official SiteCI ETHX Page

Composition / Holdings

ETHX 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 (unhedged to CAD)

Direct 1:1 exposure to Ether price (less fees). No staking rewards passed through. Unhedged to CAD (investors exposed to USD/CAD FX).

Net Inflows & Outflows

Historical net flows showing investor demand for physical Ether exposure in Canada. Long-term positive cumulative since 2021, 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; exposed to USD/CAD FX).

ESG & Sustainability Metrics

Estimated ESG profile for Ethereum (post-Merge PoS improves energy score; strong on decentralization/utility).

Pros

  • Physically-backed spot Ether ETF (since 2021)
  • Direct 1:1 Ether exposure in cold storage – no wallet needed
  • Competitive 0.40% expense ratio
  • Eligible for TFSA/RRSP registered accounts

Cons

  • Unhedged to CAD – exposed to USD/CAD FX risk
  • Full exposure to Ether price volatility
  • No staking rewards passed to holders
  • No direct Ether ownership/withdrawals

How to Buy ETHX

Available on major Canadian brokers (Questrade, Wealthsimple, RBC Direct, TD Direct, etc.). Search ticker ETHX (unhedged), ETHX.B (hedged), or ETHX.U (USD). Ideal for TFSA/RRSP accounts.

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Not financial advice. Investments in crypto ETFs involve high risk, including potential loss of principal. Data approximate as of January 9-11, 2026 (sources: CI Global Asset Management, Yahoo Finance, TMX Money). Always verify with official sources.