Three Ethereum ETFs launch on the TSX today

Another significant step was made in the cryptocurrency marketplace on Tuesday, April 20th. In Canada, three new crypto exchange traded funds that offer exposure to Ethereum (ETH-USD) will be launched on the Toronto Stock Exchange today.The Ontario Securities Commission approved the launch of three ETFs Purpose Ether ETF (ETHH), CI Galaxy Ethereum ETF (ETHX), and Ether ETF (ETHR).The introduction of these three ETFs comes after the fact that just one month ago, the first-ever launched bitcoin (BTC-USD) exchange traded fund Purpose Bitcoin ETF crossed the $1B assets under management threshold. Canada has been leading the charge in North America regarding cryptocurrency ETFs, now launching multiple funds in multiple crypto assets. In the United States, the U.S. Securities Exchange Commission has yet to approve its first bitcoin exchange traded fund giving a head start to other names north of the border.Ethereum is currently trading at $2,182, -2.70%.Bitcoin is currently trading at $56,000, -1.86%.VanEck’s new digital transformation ETF, which provides exposure