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Canada’s Purpose Ether ETF Has Gained More Than 31K ETH in This Mega Bull Run

After enjoying success with its Bitcoin ETF just a couple of months ago, Canadian company Purpose Investments is now registering huge accumulation in the Ether ETF as well.

The company released its Ether ETF on April 20th. Now the company has managed to gain more than 31,000 ETH coins in the previous 20 days.

Ether has enjoyed a price rally beginning with April 20th when it was trading for about $2,100. As of today, ETH passed the $4,000 level, which represents an amazing 90% return for the previous 20 days since the Purpose Ether ETF was released.

Purpose Investments aside, Ether ETFs Evolve Funds and CI Galaxy Digital have also been listed on the Toronto Stock Exchange and went live during the same period of time.

As a result of this success in Canada, several US financial giants have also decided to step into the game, as asset management giant VanEck has confirmed it filed for the first US Ether ETF.

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