TORONTO, April 20, 2021 – Evolve Funds Group Inc. (“Evolve”) is pleased to announce the launch of the world’s first Ether ETF (“ETHR”). ETHR has closed its initial offering of units and will begin trading on the Toronto Stock Exchange (“TSX”) today under the ticker symbols: ETHR and ETHR.U. As an immediate value opportunity for investors, Evolve is waiving the full 0.75% management fee on ETHR until May 31, 2021.

* Following May 31, 2021, the effective management fee of the Ether ETF will revert back to 0.75% of net asset value, plus applicable sales taxes.

“The launch of the world’s first Ether ETF provides investors with simple and efficient access to the second largest cryptocurrency,” says Raj Lala, President and CEO at Evolve ETFs. “While Bitcoin is often considered a store of value, Ether via the Ethereum blockchain provides a highly efficient and flexible platform to many different types of smart contracts and decentralized finance. We are very pleased to be working with CF Benchmarks and Gemini in bringing another cryptocurrency investment product to market. The Ether ETF helps round out Evolve’ suite of crypto offerings and gives investors another option in the rapidly growing digital finance marketplace.”

ETHR provides investors with exposure to the daily price movements of the U.S. dollar price of Ether by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure. The daily NAV will be calculated based on the CME CF Ether-Dollar Reference Rate (“ETHUSD_RR”), a once-a-day benchmark index price for Ether denominated in U.S. dollars and administered by benchmark administrator, CF Benchmarks Ltd.

Gemini will act as the Sub-Custodian in respect of ETHR’s holdings. ETHR will directly own Ether on the Ethereum blockchain, held in Gemini’s offline, “cold”, storage system and protected in accordance with industry-leading protocols.

“We are excited to partner with Evolve to help bring their Ether ETF to market. Gemini Fund Solutions is proud to support one of the world’s first Ether ETFs by providing world-class clearing, trade execution, and custody services,” said Tyler Winklevoss, CEO of Gemini. “The approval of the Ether ETF gives investors in Canada efficient and secure access to Ethereum, one of the world’s top cryptocurrencies on one of the most innovative blockchains in the industry.”

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About Evolve Funds Group Inc.
With approximately $1.8 billion in assets under management, Evolve is one of Canada’s fastest growing ETF providers since launching its first ETF in September 2017. Evolve is a leader in thematic ETFs and specializes in bringing disruptive innovation ETFs to Canadian investors. Evolve’s suite of ETFs provide investors with access to: (i) long term investment themes; (ii) index-based income strategies; and (iii) some of the world’s leading investment managers. Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference. For more information, please visit


Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to ETFs and mutual funds. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Please read the prospectus before investing.

Commissions, management fees, expenses and applicable sales taxes all may be associated with an investment in the exchange traded funds managed by Evolve Funds Group Inc. (the “ETFs”). ETFs are not guaranteed, their values change frequently and past performance may not be repeated.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “anticipate”, “believe”, “intend” or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.

CF Benchmarks Ltd Index Data is used under license as a source of information for certain Evolve Funds Group Inc. products. CF Benchmarks Ltd and its agents have no other connection to Evolve Funds Group Inc. products and services and do not sponsor, endorse, recommend or promote any Evolve Funds Group Inc. products or services. CF Benchmarks and its agents have no obligation or liability in connection with the Evolve Funds Group Inc. products and services. CF Benchmarks and its agents do not guarantee the accuracy and/or the completeness of any index licensed to Evolve Funds Group inc. and shall not have any liability for any errors, omissions, or interruptions therein.

CONTACT INFORMATION: Evolve ETFs | | t. 416.214.4884 and tf. 1.844.370.4884
MEDIA CONTACT: Keith Crone | | 416.966.8716

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