Ether Capital Corporation
ETHC.NE
CBOE CA6.32
CAD
-0.06
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Ether Capital Corporation
ETHC.NE
(CBOE CA)
Recent
price
6.32
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Ether Capital Corporation (ETHC.NE), now operating as Purpose Ether Staking Corp. ETF, is a Canadian exchange-traded fund that invests all or substantially all of its assets in long-term holdings of Ether, the native cryptocurrency of the Ethereum network, while staking a material portion of its Ether portfolio to generate rewards through Ethereum's proof-of-stake consensus mechanism; it provides investors with direct exposure to Ether held in cold storage, staking income distributed as additional Ether tokens, and a lower barrier to entry without requiring the 32 Ether minimum for direct staking; the ETF is TFSA/RRSP eligible and managed by Purpose Investments Inc., which selects staking service providers to optimize yields net of validator fees. The fund targets retail and institutional investors seeking capital appreciation, income from staking rewards, and Ethereum ecosystem participation without direct cryptocurrency custody risks. Headquartered in Toronto, Ontario, the entity originated from a 2018 reverse takeover of Movit Media Corp. by Ethereum Capital Inc., with public trading commencing that year. In a major strategic shift concluded in 2024, Ether Capital completed its conversion to an ETF structure via a framework agreement with Purpose Unlimited Inc. and Purpose Investments Inc., following a shareholder-approved strategic review launched in late 2023; this transaction, finalized in June 2024 with ETF shares commencing trading under ticker ETHC.B on Cboe Canada, addressed a prior 36% discount to net asset value and leverages the company's proprietary staking infrastructure. More recently, in September 2025, Purpose Investments announced a proposed merger of Purpose Ether Staking Corp. ETF into Purpose Ether ETF on a tax-deferred basis, targeted for November 2025 pending unitholder approval of a staking service fee, aiming to enhance scale, efficiency, and liquidity while aligning fee structures. The company operates primarily in Canada with a focus on North American capital markets and global Ethereum infrastructure.