About Evolve Funds Group Inc.
Evolve, a provider of exchange-traded funds (ETFs), has experienced one of Canada’s quickest rates of growth since introducing its first ETF in September 2017. It currently manages about $2 billion in assets. Canadian investors can purchase disruptive innovation ETFs through Evolve, a market leader in thematic ETFs. The range of ETFs offered by Evolve give investors access to 1. disruptive innovation etf 2. Equity income etf 3.Fixed income etf 4. High Interest Savings Account Fund 5. Cryptocurrency etf. Evolve was founded by a group of seasoned professionals with a successful track record.
| Founded | 2017 | Contact | info@evolveetfs.com t. 416.2144884 tf. 1844.3704884 |
| Founder | Raj Lala | Headquarter | 40 King Street West, Suite 3404 Toronto ON M5H 3Y2 |
| Website | www.evolveetfs.com | Type | Privately Held |
| Click here | Click here |
What Is Evolve Ether ETF?
This might be your chance to invest in Ethereum without having to be concerned about losing your private keys or getting hacked. The Ethereum ETF’s goal is simple and comparable to other ETFs’ goals in terms of the client experience.
Additionally, it implies that you don’t need to register an account with a cryptocurrency exchange because Exchange-Traded Funds are available through your present brokerage accounts.You now possess shares of the ETF, which owns physically settled Ethereum, similar to how commodity funds do.
On the Toronto Stock Exchange, the Evolve Ether ETF is listed under two different tickers:
ETHR-Unhedged exposure to daily changes in the price of ether in Canadian dollars
| TICKER | ETHR | Option Available | Yes – Montréal Exchange |
| ISIN | CA29764F2008 | Chart | Click here |
| Bloomberg | ETHR CN Equity | Expense ratio | 0.75% (plus applicable sales taxes) |
| Currency Hedged | NO | Leverage | No |
| Base currency | CAD | Fund structure | Open-end Fund |
ETHR.U-Exposure to the daily price movements of Ether in USD.
| TICKER | ETHR.U | Option Available | Yes – Montréal Exchange |
| ISIN | CA29764F1018 | Chart | Click here |
| Bloomberg | ETHR/U CN Equity | Expense ratio | 0.75% (plus applicable sales taxes) |
| Currency Hedged | No | Leverage | No |
| Base currency | USD | Fund structure | Open-end Fund |
What Does Evolve Ether ETF Invest In?
Physical ether is purchased and kept in the ETF. The investor owns the ETF that owns Ether.
Is the ETF’s Ether stored in a “cold wallet”?
Gemini Trust Company, LLC., a regulated and licenced Ether custodian, will hold the ETF’s Ether in cold storage. Gemini employs segregated cold storage Ether addresses for the ETF, which are distinct from the Ether addresses used by Gemini for its other customers. which are directly provable via the Ethereum Network Gemini will always record and identify in its books and records show that such Ether is the ETF’s property.
Who Should Consider this ETF?
Investors who want exposure to Ether and daily price swings in USD or CAD must be willing to accept a high level of investment risk, be able to take a loss on all or part of their investment, and hold their investment for a long period (i.e. you have the capacity to absorb a loss of some or all of your investment).
How is the ETF’s Net Asset Value (NAV) calculated?
The ETF’s Net Asset Value (NAV) will be computed using the CME CF Ether-Dollar Reference Rate. On each trading day, the NAV is determined at 11:00 a.m. (ET).
Evolve Ether ETF Details.
| Issuer | Evolve Funds Group Inc | prospectus | Click here |
| Fund Administrator | CIBC Mellon Global Securities Services Company | SUB-CUSTODIAN | Gemini Trust Company, LLC |
| Auditor | Ernst & Young LLP | REGISTRAR & TRANSFER AGENT | TSX Trust Company |
| Management strategy | Passively managed | Exchange | Toronto Stock Exchange |
| Legal structure | ETF | MINIMUM INVESTMENT | NO |
| Protfolio | Click here | INDEX PROVIDER | CF Benchmarks Ltd |
| ETF Facts | Click here | Fund Manager | Evolve Funds Group Inc |
| Fund currency | CAD or USD | Jurisdiction | Canada |
| Inception/ Listing Date | April 19, 2021 | Total Expense Ratio | 0.75% (plus applicable sales taxes) |
Cryptocurrency ownership vs. cryptocurrency exchange-traded funds.
Cryptocurrency ETF values move in line with the currencies they track. However, they have different advantages and disadvantages when compared to direct cryptocurrencies investment.
Pros of Evolve Ether ETF
• Etf are less difficult to invest in than cryptocurrency:
ETF can be purchased, sold, and held in traditional brokerage accounts. Etf do not necessitate the creation of a digital wallet, the password for which may be forgotten.
Etf are issued by regulated businesses, the risk of fraud, scandals, or collapses connected with cryptocurrency investments is reduced.
cryptocurrency ETFs are regulated by some governments, making them eligible for investments through government-regulated tax plans, such as the Canadian Registered Retirement Savings Plan (RRSP) and the Tax Free Savings Account (TFSA), which allow users to invest in crypto ETFs while reaping tax benefits.
Cons of Evolve Ether ETF
Ethereum is a very volatile asset, which means that its value can fluctuate substantially in a short amount of time. This volatility translates into a high level of risk.
Fees for Cryptocurrency funds are typically higher than those for standard Etf.
Crypto assets trade 24 hours a day, crypto etfs only trade during market hours.
Naren is a finance graduate who is passionate about cryptocurrency and blockchain technology. He demonstrates his expertise in these subjects by writing for cryptoetf.in. Thanks to his finance background, he is able to write effectively about cryptocurrency.