Options Trading to Begin for Purpose Ether ETF
May 12 2021 - 8:00AM
Purpose Investments Inc. (“Purpose”) is thrilled to announce the
TMX Group will begin listing options around Purpose Ether ETF (“the
ETF”) today on the Montréal Exchange. The listing of options
solidifies Purpose Ether ETF’s position as the leading Ether ETF
vehicle for both institutions and retail investors. Purpose is also
the manager of the world’s first physically settled Bitcoin ETF,
the Purpose Bitcoin ETF (BTCC), which has over $1.3 billion in
assets under management (“AUM”). Purpose also lists options for
Purpose Bitcoin ETF, providing investors with more ways to gain
exposure to Bitcoin.
“This is great news for investors and a powerful display of
innovation in motion,” said Som Seif, founder and CEO of Purpose
Investments. “It’s only been three weeks since we launched Purpose
Ether ETF, and we’re already seeing the infrastructure for options
trading put into place by the TMX Group. Our goal is to continue to
bring cryptocurrency into the mainstream by making Ether more
accessible to investors, just as we did with Bitcoin.”
The initial options schedule and strike prices are as
follows:
New Classes |
Company Name |
UnderlyingETF |
OptionsSymbol |
Months |
Strike Prices |
Purpose Ether ETF (non-FX hedged) |
ETHH.B |
ETHH |
MayJuneJulyAugustSeptemberDecember |
14, 14.5, 15, 15.5, 16, 16.5, 17, 17.5, 1814, 14.5, 15, 15.5, 16,
16.5, 17, 17.5, 1814, 14.5, 15, 15.5, 16, 16.5, 17, 17.5, 1814,
14.5, 15, 15.5, 16, 16.5, 17, 17.5, 1812, 14, 15, 16, 17, 18, 2012,
14, 15, 16, 17, 18, 20 |
Purpose Ether ETF launched April 20, 2021, and has already
attracted approximately $161.6 million in assets from retail and
institutional investors. The ETF is available in Canadian
dollar-denominated units (TSX: ETHH and TSX:ETHH.B) and U.S.
dollar-denominated units (TSX: ETHH.U). To learn more about the
ETF, please visit
https://www.purposeinvest.com/funds/purpose-ether-etf
About Purpose Investments
Inc.
Purpose is an asset management company with more
than $11 billion in assets under management. Purpose has an
unrelenting focus on client-centric innovation, offering a range of
managed and quantitative investment products. Purpose is led by
well-known entrepreneur Som Seif and is a division of Purpose
Financial, an independent, technology-driven financial services
platform which is reshaping the industry by connecting and creating
opportunities across asset management, wealth management and small
business financial services.
For further information please contact:Keera
HartKeera.Hart@kaiserpartners.com905-580-1257
Commissions, trailing commissions, management fees and expenses
all may be associated with investment fund investments. Please read
the prospectus and other disclosure documents before investing.
Investment funds are not covered by the Canada Deposit Insurance
Corporation or any other government deposit insurer. There can be
no assurance that the full amount of your investment in a fund will
be returned to you. If the securities are purchased or sold on a
stock exchange, you may pay more or receive less than the current
net asset value. Investment funds are not guaranteed, their values
change frequently and past performance may not be repeated.
Purpose Ether ETF (TSX:ETHH.U)
Historical Stock Chart
From Jul 2024 to Aug 2024
Purpose Ether ETF (TSX:ETHH.U)
Historical Stock Chart
From Aug 2023 to Aug 2024