As of September 2019, SoFi does not support the purchase of Ethereum. However, this may change in the future.
For now, investors interested in buying Ethereum will need to find another exchange or broker that supports this digital asset.
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 middle man or counterparty risk.
The Ethereum project was initially proposed in 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Buterin had observed that Bitcoin needed a scripting language for application development.
Failing to gain agreement, he proposed development of a new platform with a more general scripting language.
Ethereum was crowdfunded during August 2014 by fans all around the world. It is developed by ETHDEV with contributions from great minds across the globe.