Purpose Ether CAD ETF Non-Currency Hedged is trading higher today alongside a rebound in Ethereum and improved broader risk sentiment.
- The ETF is currently indicated at $7.87, representing a 3.2% gain from its previous close of $7.63.
- The move closely tracks a 1.7% rise in Ethereum since the last close, which has supported demand for Ether-linked products.
- U.S. equity indices are trading higher despite geopolitical tensions and hotter inflation, further boosting demand for risk assets including cryptocurrencies.