Bitcoin investments of institutional investors have been on the agenda recently, while institutional investors are increasing their interest in Ethereum.

Today, a report from Canada gave the information that investments in Ethereum will increase. Toronto-based investment firm Purpose Investments’ application for its Ethereum ETF has been approved by Canadian regulators.

Canadian regulators are positively approaching ETF applications against cryptocurrencies. In February, Canada approved its first Bitcoin ETF and energized the cryptocurrency market.

After the approval of the Ethereum ETF, Purpose Investments CEO Som Seif stated that the Ethereum technology is very exciting and added the following sentences:

“As Bitcoin is the largest cryptocurrency, the main interest is on it, but what really excites me is the Ethereum ecosystem and technology. This new technology sheds light on society’s vision of the future. “

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