This fund was merged into Purpose Ether ETF (ETHH.B) on February 13, 2026. Press Release
ETHC units no longer trade. Former ETHC unitholders now hold ETHH units based on the merger exchange ratio.
Ethereum is the blockchain platform powering thousands of decentralized applications, like US dollar stablecoins, decentralized finance ("DeFi"), non-fungible tokens ("NFTs"), and decentralized autonomous organizations ("DAOs"). If Bitcoin is digital gold, Ethereum can be thought of as a world computer that can power the future of finance. Learn more about the differences here.
Ether is a cryptocurrency (or "token") that is required to transact on the Ethereum network. When ether is used to transact, it is referred to as gas.
An ether ETF provides investors with exposure to ether's price via an exchange-traded fund, which continuously offers and redeems shares based on demand. This elasticity allows the fund to closely track ether's net asset value (NAV) closely. Choosing an ether ETF provides a straightforward way to invest in ether compared with other investment options. For more info about the difference between an ether ETF and other investment vehicles, read here.
The ETF uses CoinDesk Ether Price Index (ETX) to calculate its NAV.
The fund's ether assets are safely held with a leading cryptocurrency custodian, Gemini Trust Company. Gemini is a licensed New York state trust company that undergoes regular bank exams and cybersecurity audits. Day to day, the unstaked ether is held in Purpose's secure, offline wallet with the custodian. This wallet is disconnected from the internet, significantly reducing the risk of theft.
While we cannot guarantee there is no risk, we've taken every precaution possible to ensure the assets are held safely. We store 100% of the ETF's assets offline, in cold storage with world-class cryptocurrency custodians, Gemini and Coinbase. This dual custody structure adds another layer of redundancy and provides diversification against the risk of theft or errors. Instances of ether being "hacked" typically happen with unregulated exchanges that lack proper controls and assets stored in online hot wallets.
No, at the moment, we do not offer the option to redeem ETF units for your share of ether holdings.
Units of ETHH.B, which are backed by physically settled ether, track the spot price of ether. Units of ETHC.B also track the spot price and are backed by physically settled ether but will use Purpose's ether staking capabilities, which were developed by Ether Capital.
Staking is the process of locking up cryptocurrency to participate in maintaining and securing a blockchain network. By staking, you help validate transactions and create new blocks, earning rewards in return. This process supports the network's operations and enhances its security. For a much more comprehensive look into staking, read our staking whitepaper here.
Anyone with at least 32 ETH can stake independently, but it requires technical expertise. Those with fewer ETH or without the necessary skills can join staking pools, where their ETH is combined with others and managed by knowledgeable operators who take a fee for their service.
The main benefit of staking ETH is earning rewards for supporting the network's security and operations. Additionally, it helps improve the overall stability and efficiency of the Ethereum blockchain.
The fund will stake up to 50% of the ether held in the portfolio.
The fund does not expect to pay regular cash distributions on the fund's shares. The income generated by staking activities will accrue into the fund and increase the NAV.
If you are an institutional investor, please contact us. If you are a retail investor, unfortunately, most US brokerages do not allow retail investors to purchase foreign ETFs or mutual funds that trade on foreign exchanges. Please reach out to your brokerage to see if you can purchase the Purpose Ether Staking Corp. ETF.
The ETF only invests in and holds 100% physically settled ether.
The ETF will trade only during market hours, 9:30 AM EST – 4:00 PM EST, Monday – Friday (excluding Canadian holidays).
ETHC can be bought anytime throughout market hours, but we recommend using a limit order and avoiding purchases near market open (9:30AM EST) and close (4:00PM EST).
The ETF utilizes institutional-grade liquidity providers, to help us buy ether at the best possible price for investors. We do not use retail cryptocurrency exchanges to make our ether purchases to ensure our transactions are as secure as possible.
Absolutely! One of the main reasons why we wanted to launch this ETF was to give investors the ability to gain exposure to Ether through registered accounts.
The ETF uses the TradeBlock ETX Index to calculate its Net Asset Value.
No, at the moment, we do not offer the option to redeem ETF units for your share of ether holdings.
Futures contracts have a finite lifespan. That means the fund manager has to sell expiring contracts and re-buy the contracts with a later date. This process creates a gain or loss. In a normalized market, the futures curve is upward sloping, meaning you are selling low and buying high to maintain the same exposure to ether, resulting in additional costs to the holder. By owning physical ether, an investor doesn’t need to worry about losses associated with continuously selling and rebuying futures contracts. You simply own ether.
Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. The prospectus contains important detailed information about the investment fund. Please read the prospectus before investing. There is no assurance that any fund will achieve its investment objective, and its net asset value, yield, and investment return will fluctuate from time to time with market conditions. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. The indicated rate of return is the historical annual compounded total return including changes in share/unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution or optional charges or income taxes payable by any securityholder that would have reduced returns.
This information is provided for illustrative and discussion purposes only. This material is not intended as a formal research report and should not be relied upon as a basis for making an investment decision. Historical trends do not imply, forecast or guarantee future results. Information is as of the date indicated and subject to change without notice. Nothing herein constitutes a prediction or projection of future events or future market behavior.
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.
In addition to the management fee, the manager is entitled to receive a portion of the staking rewards generated for the Fund by the Staking Activities (net of the validator fees) such that no less than 80% of the rewards accrue to the Fund and up to 20% of the rewards accrue to the manager (the “Staking Service Fee”). The Staking Service Fee shall be calculated daily and paid monthly, in arrears, plus applicable taxes, and is intended to compensate the manager for the additional work required to administer the Staking Activities for the Fund as described below under “Investment Strategies”. The Staking Service Fee charged by the manager will only be deducted from any rewards generated by the Staking Activities which will generate income to the Fund. The affiliate owned staking service provider will charge a competitive fee. The manager will select the staking provider based on a set of criteria. Generally, and in line with its requirements to act in the best interest of the Fund, the manager will not use Purpose Unlimited Inc. as a staking service provider if the net staking yield earned by the Fund would be lower than what could be earned if an acceptable third-party staking service provider was used instead. Any Staking Service Fee payable to an affiliate of Purpose as validator will be deducted from the Staking Service Fee payable to the manager.