An ETF, or exchange traded fund, is a type of investment fund that tracks a basket of assets, commodities, or indices and trades on a stock exchange. ETFs are similar to mutual funds, but they trade like a stock on an exchange.

ETFs were first introduced in Canada in 1990 and have become increasingly popular in recent years. There are currently over 1,000 ETFs listed on Canadian exchanges with a total market capitalization of over $200 billion.

The majority of ETFs track major stock indexes such as the S&P/TSX Composite Index or the S&P 500 Index. However, there are also ETFs that track commodities, bonds, and even alternative investments such as real estate or gold.

So, what about an Ethereum ETF?

Unfortunately, there is not currently an Ethereum ETF available for investors in Canada. However, this doesn’t mean that one will never be available.

The Canadian Securities Exchange (CSE), for example, has already approved the listing of two Bitcoin ETFs and is currently considering the listing of an Ethereum ETF. So there is a possibility that an Ethereum ETF could be available in Canada in the near future.

In the meantime, investors who want to gain exposure to Ethereum can do so through cryptocurrency exchanges or by investing in one of the few Ethereum-based companies that trade on major stock exchanges such as the Toronto Stock Exchange.

Cryptocurrencies have been on a tear this year with Bitcoin, the original and still the largest, up over 250% and Ethereum up a whopping 2,500%. While both are well above their lows from last year, Ethereum’s price is still only about one-third of its all-time high from January 2018. So, is Ethereum going to rise?

The short answer is yes, but there are a lot of factors that will contribute to how high Ethereum will go and how quickly it will get there.

Bitcoin’s price is often seen as a leading indicator for the cryptocurrency market as a whole and Ethereum’s price has tended to follow Bitcoin’s lead. That said, Ethereum has outperformed Bitcoin in 2020 with its much faster growth.

One reason for Ethereum’s outperformance is that it is seen as a more useful cryptocurrency than Bitcoin. While Bitcoin is primarily used as a store of value, Ethereum’s blockchain is used to power hundreds of decentralized applications (dapps) and the network is used to process transactions for those dapps.

The most popular dapp built on Ethereum is DeFi (decentralized finance). DeFi apps allow users to do everything from lending and borrowing money to earning interest on their cryptocurrency holdings.

The growth of DeFi has been a key driver of Ethereum’s price growth this year.

Another factor that could boost Ethereum’s price is increasing institutional interest. While individual investors have been buying cryptocurrencies for years, 2020 has seen a growing number of institutions buying cryptocurrencies.

From high-profile investors like hedge fund manager Paul Tudor Jones to corporations like Square and PayPal, mainstream companies and financial institutions are turning to cryptocurrencies.

And many of these institutional investors are buying Ethereum as well as Bitcoin. For example, Jones’ Tudor Investment Corporation bought $50 million worth of ETH in Q2 2020.

Square also invested $50 million in ETH in the same quarter. PayPal plans to allow its customers to buy, hold, and sell cryptocurrencies including ETH starting in early 2021.

These institutional investors are buying cryptocurrencies because they believe they will increase in value over time and provide protection against inflation. With more institutional money flowing into cryptocurrencies, it is likely that the prices of both Bitcoin and Ethereum will continue to rise.

The final factor that could push Ethereum higher is increasing adoption by businesses and governments around the world. While still in its early stages, blockchain technology is being piloted and adopted by organizations in a wide range of industries from supply chain management to healthcare.

Ethereum is the leading blockchain platform for building dapps and its technology is being adopted by an increasing number of businesses and organizations. This growing adoption will help drive up demand for ETH which should lead to higher prices.

So, Is Ethereum Going To Rise?
Yes, Ethereum’s price is likely to continue rising as more individuals and institutions invest in cryptocurrencies and as blockchain technology becomes more widely adopted. However, there are no guarantees in the world of investing and it remains to be seen just how high ETH prices will go.

This is a question that has been on the minds of many investors recently. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middleman or counterparty risk.

The Ethereum network itself is fueled by Ether. Ether is a crypto asset that serves two purposes: it is used to pay for transaction fees and computational services on the Ethereum network, and it is also the native cryptocurrency of the Ethereum platform.

So when people ask if Ethereum is a stock, they are really asking if Ether is a stock.

The simple answer is no. Ether is not a stock. It cannot be bought or sold on any stock exchange. However, there are some similarities between Ether and stocks.

Like stocks, Ether represents ownership in a company (in this case, the Ethereum network). And like stocks, the price of Ether fluctuates based on market demand.

But there are also some important differences between stocks and Ether. For one, stocks are issued by companies and represent partial ownership of those companies. Ether, on the other hand, was not issued by any company; it was created by Ethereum co-founder Vitalik Buterin as part of the Ethereum platform.

Secondly, while stocks can be bought and sold on exchanges, Ether can only be bought and sold on decentralized exchanges (such as EtherDelta) or through peer-to-peer transactions. Finally, while the price of stocks is determined by factors such as earnings reports and news announcements, the price of Ether is mostly determined by supply and demand.

So while there are some similarities between stocks and Ether, they are not the same thing.

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.

The project was bootstrapped via an ether presale in August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss non-profit, with contributions from great minds across the globe.

Ethereum is often described as a digital currency but here’s something important to keep in mind: Ethereum is much more than that. Ethereum is a decentralized platform that runs smart contracts.

What are smart contracts?

Smart contracts are little computer programs that can automatically execute the terms of an agreement between two parties. They run exactly as programmed without any possibility of fraud or third party interference.

For example, say you wanted to buy a house. You could write up a smart contract that says “If X happens (e.g. I receive the keys to the house), then Y will happen (e.g.

I will transfer ownership of the house to you and your mortgage company).” Once both parties agree to the terms of the contract, it would be stored on the Ethereum blockchain and would automatically execute when X happened. No middleman needed!.

What can you do with Ethereum?

The possibilities are endless! Developers are already building all sorts of fascinating things on Ethereum: from “decentralized Autonomous Organizations” (DAOs) to financial instruments like “decentralized apps” (dapps) and “initial coin offerings” (ICOs). Check out this list of cool things being built on Ethereum for more inspiration!
# Conclusion

Yes, Ethereum is money because it is a platform where you can store value and use it to purchase goods and services. However, it is important to keep in mind that Ethereum is much more than just a digital currency.

It is also a platform that runs smart contracts, which can be used for a wide variety of applications.