Article content TORONTO, April 16, 2021 (GLOBE NEWSWIRE) — Purpose Investments Inc. (“Purpose Investments” or “the Company”) is pleased to announce that it has been cleared by Canadian securities regulators to launch the Purpose Ether ETF (the “ETF”), the first direct custody Ether ETF in the world. The ETF is designed to provide investors with exposure to the popular cryptocurrency, Ether, by investing directly in physically settled Ether tokens. The ETF will offer three classes of units: Canadian dollar currency hedged units (ETHH), Canadian dollar non-currency hedged units (ETHH.B) and US dollar units with ticker nits (ETHH.U). “While Bitcoin tends to get a lot of attention as it was the first major cryptocurrency, what Ether and the Ethereum ecosystem represent is one of the most exciting new technology visions today in society,” said Som Seif, founder and CEO of Purpose Investments. “By launching the first ETF in the world that directly owns and provides exposure to Ether, we are enabling every investor to have access to this unique opportunity and ecosystem.”