Q: Hi there, I'm looking to add a small position to get Etherium exposure. What is your recommended way to get exposure on the TSX, if one doesn't want to hold the currency directly? Thank you!
5i Research Answer:
We like FETH (Fidelity Advantage Ether ETF), but it is somewhat small ($70M in AUM), although its MER is relatively low at 0.53%, and it custodies the ETH in-house. We also like ETHX.B (CI Galaxy Ethereum ETF), it has a higher MER of 0.70%, but also much better liquidity ($685M AUM).
We would give ETHX.B the slight edge due to its higher AUM, but we do like Fidelity's strategy better, and it has a slightly lower MER.
Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in ETHX.B.