www.banklesstimes.com
HomeNewsOptions Trading to Begin for Purpose Ether ETF
Options Trading to Begin for Purpose Ether ETF

Options Trading to Begin for Purpose Ether ETF

Last updated 30th Nov 2022
Disclosure

Purpose Investments today announced the TMX Group will begin listing options around Purpose Ether ETF May 12 on the Montréal Exchange. The company is also the manager of the world’s first physically settled Bitcoin ETF, the Purpose Bitcoin ETF (BTCC), which has in excess of $1.3 billion in assets under management. 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 been less than 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 NameUnderlying ETFOptions SymbolMonthsStrike Prices
Purpose Ether ETF  (non-FX hedged)ETHH.BETHHMay
June
July
August
September
December
14, 14.5, 15, 15.5, 16, 16.5, 17, 17.5, 18
14, 14.5, 15, 15.5, 16, 16.5, 17, 17.5, 18
14, 14.5, 15, 15.5, 16, 16.5, 17, 17.5, 18
14, 14.5, 15, 15.5, 16, 16.5, 17, 17.5, 18
12, 14, 15, 16, 17, 18, 20
12, 14, 15, 16, 17, 18, 20

Purpose Ether ETF launched April 20 and has already attracted approximately $122.4 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, visit https://www.purposeinvest.com/funds/purpose-ether-etf.

Staff Writer

Staff Writer