PURPOSE ETHER STAKING CORP. ETFPURPOSE ETHER STAKING CORP. ETFPURPOSE ETHER STAKING CORP. ETF

PURPOSE ETHER STAKING CORP. ETF

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Key stats


Assets under management (AUM)
‪138.56 M‬CAD
Fund flows (1Y)
‪−53.62 M‬CAD
Dividend yield (indicated)
Discount/Premium to NAV
0.7%

About PURPOSE ETHER STAKING CORP. ETF


Issuer
Purpose Unlimited
Brand
Purpose
Inception date
Jun 14, 2024
Index tracked
No Underlying Index
Management style
Active
The fund invests directly in ether that are held securely in cold storage while seeking to benefit from staking. Staking refers to the proof-of-stake consensus protocols that ensure transactions are properly recorded on a blockchain. The process allows owners of a cryptocurrency to validate block transactions through validators that verify the accuracy of recorded data. In return, validators are rewarded with digital assets. For the fund, rewards are paid in ether and will depend on the amount of ether staked. Staked ether serve as collateral that are locked in the network but are at risk of loss if validators fail to meet network rules. The fund manager selects and directs experienced sub-custodians as validators for staking activities. In addition, the fund manager has discretion in the amount of staked ether from the portfolio. The ETF does not intend to use derivatives or employ leverage to acquire ether. It may also hold cash, cash equivalents or other money market instruments.

Classification


Asset Class
Currency
Category
Pair
Focus
Long Ether, short CAD
Niche
In specie
Strategy
Vanilla
Weighting scheme
Single asset
Selection criteria
Single asset

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of October 31, 2024
Exposure type
Bonds, Cash & Other
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows