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April 2025

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Trump kicks off whirlwind week marking his 100th day back in the Oval Office

7 Mins Read

President Donald Trump’s 15th week in office will include his 100th day back in the White House, which he will celebrate by hosting a rally in Michigan – the last state he campaigned in before polls opened on Election Day of last year. 

‘President Trump is excited to return to the great state of Michigan next Tuesday, where he will rally in Macomb County to celebrate the FIRST 100 DAYS!’ White House press secretary Karoline Leavitt said in an X post announcing the rally. 

Trump’s presidential campaigns in 2016, 2020 and 2024 all ended with rallies in the battleground state of Michigan. Trump’s visit to Macomb County this week follows his final 2024 campaign rally in Grand Rapids, where he joined the crowds just after midnight in the final hours before his victory over then-Vice President Kamala Harris. 

The event is billed as a celebration of Trump’s ‘LEGENDARY start to his presidency,’ according to the Republican National Committee’s website. The rally will be held at Macomb Community College in Warren and will kick off at 6 p.m. ET on Tuesday. 

Trump wraps up his 100th day in office with more executive orders signed than any other president over the same period since President Franklin D. Roosevelt. Trump has signed at least 137 executive orders, ranging from dismantling the Department of Education, establishing the Department of Government Efficiency, and stripping diversity, equity and inclusion initiatives from the fabric of the federal government following the Biden administration. 

‘Very critical week’ for Russia and Ukraine peace talks 

Trump returned from Rome on Saturday after attending Pope Francis’ funeral mass at the Vatican with first lady Melania Trump. Trump met with Ukrainian President Vlodomyr Zelenskyy during the trip as the war between Russia and Ukraine continues to rage and negotiations for peace stall. 

‘There was no reason for Putin to be shooting missiles into civilian areas, cities and towns, over the last few days,’ Trump wrote on Truth Social, shortly after he met with Zelenskyy at the Vatican on Saturday. 

‘It makes me think that maybe he doesn’t want to stop the war, he’s just tapping me along, and has to be dealt with differently, through ‘Banking’ or ‘Secondary Sanctions?’ Too many people are dying!!!’ he added.

While on the campaign trail, Trump vowed to end the war between Russia and Ukraine in a matter of 24 hours, but negotiations have proven difficult. Trump’s Truth Social post on Saturday followed Russia launching a missile strike on Kyiv that injured dozens and killed at least 12. 

Secretary of State Marco Rubio said on Sunday during an appearance on NBC’s ‘Meet the Press’ that the coming week will be ‘very critical’ as the White House weighs whether it wants to continue working towards a peace deal. Rubio warned this month that the U.S. might ‘move on’ from trying to secure a deal between Russia and Ukraine if progress was not made. 

‘I think this is going to be a very critical week,’ Rubio said on Sunday. ‘This week is going to be a really important week in which we have to make a determination about whether this is an endeavor that we want to continue to be involved in or if it’s time to sort of focus on some other issues that are equally, if not more, important in some cases. But we want to see it happen. There are reasons to be optimistic, but there are reasons to be realistic, of course, as well. We’re close, but we’re not close enough.’

Trade talks expected to advance following reciprocal tariff pause 

Trump put a 90-day pause on reciprocal, customized tariffs he had imposed on dozens of nations this month, sparking a trade deal negotiation blitz as dozens of nations began knocking on the proverbial doors of the White House in the hopes of striking more favorable terms. 

The White House has met and spoken with a handful of nations looking to make deals, including South Korea last week. Secretary of the Treasury Scott Bessent said negotiations with the Asian nation have progressed quickly and that the two countries could reach a trade agreement as early as this week. 

‘We had a very successful bilateral meeting with the Republic of South Korea today,’ Bessent said from the White House on Thursday. ‘We may be moving faster than I thought, and we will be talking technical terms as early as next week as we reach an agreement on understanding as soon as next week.’

‘So South Koreans came early. They came with their A game, and we will see if they follow through on that,’ Bessent continued. 

Congress reconvenes with eyes on passing Trump-backed budget

Congress will reconvene on Monday following a spring recess, with Republican lawmakers expected to resume talks on a budget plan to advance Trump’s first-year agenda, including extending Trump’s 2017 tax cuts and carving out millions in funds for border security.

Democrats on Capitol Hill protested on Sunday ahead of Republicans returning to the table for budget plan talks. House Minority Leader Hakeem Jeffries and New Jersey Sen. Cory Booker took to the steps of the Capitol on Sunday morning while flanked by supporters to protest the budget plan. 

‘Republican leaders have made clear their intention to use the coming weeks to advance a reckless budget scheme to President Trump’s desk that seeks to gut Medicaid, food assistance and basic needs programs that help people, all to give tax breaks to billionaires. Given what’s at stake, these could be some of the most consequential weeks for seniors, kids and families in generations,’ the two Democrat lawmakers wrote in a statement of the protests. 

Trump has repeatedly called on Republican lawmakers to pass the ‘big, beautiful’ tax and spending package to advance his first-year agenda. 

Trump to deliver University of Alabama’s commencement speech 

Trump is expected to travel to Tuscaloosa, Alabama, on Thursday where he will deliver a commencement speech to graduating students at the University of Alabama. 

‘I have agreed to do the Commencement Address at two really GREAT places, the University of Alabama and, WEST POINT. Stay tuned for times and dates!!!’ Trump posted to Truth Social last week. 

Trump is expected to deliver his speech from the school’s Coleman Coliseum arena on Thursday evening. 

‘The University of Alabama is honored to have been selected as one of the universities President Donald J. Trump will visit to deliver a spring commencement address,’ the university said in a statement this month.

Trump-funded American flags to be installed at White House 

Trump previewed last week that his administration is in the midst of purchasing and installing massive flag poles to feature Ol’ Glory on both the north side lawn and south lawn of the White House. Trump told the media he will personally fund the flags and said they could be ready sometime this week. 

‘We’re putting up a beautiful, almost 100-foot-tall American flag on this side and another one on the other side, two flags, top of the line,’ he told reporters on Wednesday outside the White House, adding they will be ‘paid for by Trump.’

‘They needed flagpoles for 200 years. It was something I’ve often said, you know, they don’t have a flagpole per se. So we’re putting one right where you saw us, and we’re putting another one on the other side, on top of the mounds. It’s going to be two beautiful poles.’

Trump added on Wednesday that the flags will ‘arrive in about a week or so.’ An American flag is currently only flown from the White House roof. 

This post appeared first on FOX NEWS

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In Stocks

Top 3 catalysts for SPY, DIA, and QQQ ETFs this week

4 Mins Read

The SPDR S&P  500 ETF (SPY) has bounced back in the past few weeks, rising from the monthly low of $483 to a high of $550. Similarly, the SPDR Dow Jones Industrial Average (DIA) has risen to $401 from a low of $366, while the tech-heavy Invesco QQQ Trust (QQQ) has risen to $472 from a low of $400. 

This article looks at the top three catalysts that will impact these ETFs later this week. 

DIA vs SPY vs QQQ ETFs

Corporate earnings will impact SPY, DIA, and QQQ ETFs

The main catalyst for the three blue-chip ETFs will be corporate earnings by some of the biggest companies in the world. 

Apple, the largest company in the US, and a constituent of the S&P 500, Dow Jones, and Nasdaq 100, will be one of these firms. It will publish its financial results on Thursday this week. 

These numbers come as concerns about it remain. Its iPhone sales are not growing as they did in the past, while its innovation in artificial intelligence has lagged behind its peers. A good example of this is Siri, which cannot handle basic questions. 

Amazon will also publish its results on Thursday. As the biggest e-commerce player, these results will shed light on the impact of tariffs on its business. 

Microsoft, Meta Platforms, and Berkshire Hathaway will be the other top companies that will release their results this week. These firms, which are part of the Magnificent 7, will provide more details about the growth of the AI industry.

In line with this, the May 4 Berkshire Hathaway meeting will be important for the stock market,

The other top firms to watch will be Eli Lilly, Chevron, Qualcomm, Waste Management, Visa, Coca-Cola, Caterpillar, and Illinois Tool Works.

The earnings season so far has been good although, as expected, companies have warned about tariffs. FactSet data shows that the earnings growth of companies that have published their results so far stood at 10.1%. If this is the final figure, it will mark the second straight quarters of double digit growth rate. 

US consumer confidence, GDP, and NFP data

The other top catalyst for the SPY, QQQ, and DIA ETFs is top macroeconomic data from the United States. 

First, the Conference Board will publish the latest consumer confidence data on Tuesday. Economists expect the data to reveal that confidence dropped in April because of Trump’s tariffs. A significant drop in confidence is usually a sign that the economy is softening and even moving into a recession.

Second, the Bureau of Economic Analysis (BEA) will publish the latest GDP data on Thursday. Analysts expect the data to show that the economy softened in the last quarter as tariff jitters rose.

The final key data to watch will be the nonfarm farm payrolls on Friday. These numbers will provide more details on the economy. 

However, the general view of all these numbers, including the earnings, is that they are transitory as they don’t include Trump’s Liberation Day tariffs.

Trade news will impact S&P 500, Dow Jones, and Nasdaq 100

Further, trade news will have an impact on the SPY, DIA, and QQQ ETFs. The general view among analysts is that the US and China may start negotiating soon. China has already started to offer exemptions on some goods from the US that it lacks alternatives. 

The WSJ has reported that the US wants to slash China tariffs as its openings salvo for trade talks. If this happens, there is a likelihood that the three indices will continue rising this week. 

A trade deal will help to reduce the rising recession odds in the United States and boost asset prices. 

The post Top 3 catalysts for SPY, DIA, and QQQ ETFs this week appeared first on Invezz

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In World news

Crypto Market Recap: $TRUMP Token Soars as President Extends Exclusive Invitation

7 Mins Read

Here’s a quick recap of the crypto landscape for Wednesday (April 23) as of 9:00 p.m. UTC.

Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.

Bitcoin and Ethereum price update

Bitcoin (BTC) was priced at US$93,529.14 as markets closed for the day, up 2.2 percent in 24 hours. The day’s range has seen a low of US$92,078.75 and a high of US$94,122.31.

Bitcoin performance, April 23, 2025.

Chart via TradingView.

Fueledby the re-entry of institutional investment, the crypto markets appear to be headed towards a robust recovery; however, the long-term trajectory remains to be seen.

Ethereum (ETH) ended the day at US$1,785.14, a 5.2 percent increase over the past 24 hours. The cryptocurrency reached an intraday low of US$1,767.67 and a high of US$1,815.24.

Altcoin price update

  • Solana (SOL) ended the day valued at US$150.05, up four percent over 24 hours. SOL experienced a low of US$149.31 and peaked at $153.47.
  • XRP traded at US$2.22, reflecting a three percent increase over 24 hours. The cryptocurrency recorded an intraday low of US$2.20 and reached its highest point at US$2.29.
  • Sui (SUI) was priced at US$2.98, showing an increaseof 21 percent over the past 24 hours. It achieved a daily low of US$2.89 and a high of US$3.06.
  • Cardano (ADA) was trading at US$0.6981, up 6.3 percent over the past 24 hours. Its lowest price on Wednesday was US$0.6873, with a high of US$0.7138.

Today’s crypto news to know

Bitcoin becomes fifth largest global asset, overtakes Google

Bitcoin has climbed to a market capitalization of US$1.86 trillion, overtaking Alphabet (NASDAQ:GOOGL) to become the world’s fifth-largest asset by market value. The price of Bitcoin surged past US$94,000, helped by easing trade tensions between the US and China and renewed bullish sentiment across tech and risk-on assets.

This marks a symbolic milestone for the cryptocurrency, which has now outpaced several of the world’s most valuable tech giants. Analysts point to Bitcoin’s increasing correlation with macroeconomic tailwinds — such as falling bond yields and speculative interest in risk assets — as drivers of the recent price action.

Its breakout relative to the Nasdaq also suggests growing investor confidence in crypto as a parallel to tech. If Bitcoin maintains this trajectory, some believe it could soon challenge silver’s position as the fourth-largest global asset.

Brandon Lutnick forms new Bitcoin investment vehicle

Brandon Lutnick, son of Howard Lutnick, US secretary of commerce and former Cantor Fitzgerald chair, will launch a listed Bitcoin investment vehicle through a reverse merger with Cantor Equity Partners, a special purpose acquisition company. This is according to a Tuesday (April 22) report from the Financial Times.

The newly established entity, purportedly named Twenty One Capital, will be led by co-founder Jack Mallers, CEO of Bitcoin-focused payments app Strike, and majority owned by Tether (USDT) and cryptocurrency exchange Bitfinex. SoftBank Group (TSE:9984) will also own a ‘significant minority’ stake.

Financial Times sources said Tether will contribute at least US$1.5 billion worth of Bitcoin.

The company will also raise US$385 million through a convertible bond and US$200 million via a private equity placement, which it will use to acquire more Bitcoin. Eventually, SoftBank, Tether and Bitfinex’s investments will be converted from Bitcoin into shares in Twenty One Capital, with a price of US$13 per share for the private placement and US$10 per share for the convertible bond.

According to the report, Twenty One Capital will launch with 42,000 BTC, making it the world’s third-largest Bitcoin reserve. “With a visionary leader at the helm and backing from two renowned industry leaders, Twenty One is designed to help investors capture value from Bitcoin’s growing global demand and increasing institutional adoption,” Lutnick said in a press release on Wednesday. The deal values the new company at US$3.6 billion based on an approximate US$85,000 Bitcoin valuation. As of writing, Bitcoin is valued at US$93,808.31.

Trump backs crypto regulation, Trump Media eyes retail crypto products

During a public appearance, US President Donald Trump called for regulatory certainty in the crypto industry and vowed to provide ‘clear rules of the road’ for digital asset innovation.

His statement coincided with Trump Media & Technology Group’s announcement that it will partner with Crypto.com and Yorkville America Digital to launch retail investment products, including crypto-focused ETFs aligned with Trump’s “America First” platform. The planned offerings aim to capitalize on the president’s growing presence in the digital asset space following prior ventures like Trump NFTs and crypto-affiliated partnerships.

While no official ETF filings have been submitted yet, the initiative signals Trump’s commitment to making crypto a policy priority as part of his economic strategy.

Trump to host dinner for $TRUMP token holders

Trump will host a dinner for the top 220 holders of his $TRUMP token in Washington, DC, on May 22.

News of the event sent $TRUMP’s valuation up by over 55 percent in under an hour. $TRUMP reached US$14.44 at around midday on Wednesday, its highest valuation since mid-February. As of writing, $TRUMP is valued at US$13.46.

Top token holders are required to link their wallets for holding verification. The top 25 holders will gather for a private reception with the president before dinner.

Around 40 million $TRUMP tokens, or roughly 20 percent of the tokens’ circulating supply, were unlocked on April 17; they were valued at slightly above US$300 million at the time.

$TRUMP reached an all-time high of US$75.35 on January 19, according to data from CoinMarket Cap. This was followed by an abrupt reversal and steady decline in Q1 to valuations between US$9 to US$7 in April.

Tesla reports US$951 million in Bitcoin holdings despite earnings miss

Tesla (NASDAQ:TSLA) revealed it continues to hold $951 million worth of Bitcoin on its balance sheet, despite posting weaker-than-expected quarterly revenue of US$19.34 billion.

The automaker’s Bitcoin holdings, totaling 11,509 BTC, remained unchanged during the quarter, with no buy or sell activity recorded. This comes as Bitcoin’s price dipped from late December highs, impacting Tesla’s valuation of its digital asset portfolio under the new Financial Accounting Standards Board rules.

These rules now require corporations to mark digital assets to market on a quarterly basis, increasing transparency but also exposing earnings to crypto market volatility. Tesla’s crypto exposure, while relatively small compared to its core business, still makes it one of the top public holders of Bitcoin globally.

Riot Platforms secures US$100 million credit facility backed by Bitcoin

Riot Platforms (NASDAQ:RIOT) secured a US$100 million credit facility from Coinbase Global (NASDAQ:COIN) on Wednesday using a massive Bitcoin stockpile as collateral.

Data from Bitcoin Treasuries indicates that Riot holds 19,223 BTC valued at approximately US$1.8 billion, making the company the third-largest corporate Bitcoin treasury behind Michael Saylor’s Strategy and MARA Holdings.

“Riot has entered into its first bitcoin-backed facility, which provides us with non-dilutive funding at an attractive cost of financing,” said Jason Les, CEO of Riot, in a press release. “This credit facility is a key part of our efforts to diversify sources of financing to support our operations and strategic growth initiatives, with a view towards long-term stockholder value creation.”

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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This post appeared first on investingnews.com

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In Politics

Alex Soros in hot seat after left-wing outlet exposes what his dad’s network thinks of his online footprint

4 Mins Read

A recent profile piece on Alex Soros, the heir to the vast liberal mega donor George Soros’ progressive fundraising network, suggested the younger Soros has hurt the family brand with his public profile in recent years.

The article, posted by New York Magazine this week, takes place in Alex Soros’ luxury penthouse in Manhattan and characterizes the home as an example of his indifference to public opinion, which the story suggests hasn’t been beneficial to the family’s Open Society Foundations.

‘The setting itself is a testament to a certain indifference to public opinion on Alex’s part — or perhaps a lack of awareness,’ the story says. 

‘This past fall, he held a fundraiser at the apartment for vice-presidential candidate Tim Walz, then created a PR headache by posting photos from the event on social media, as is his custom after meeting heads of state and elected officials. (As a former OSF higher-up says, Alex likes to collect ‘shiny objects.’) 

‘It was deemed unhelpful to a presidential ticket straining to underscore its regularness that the son of the 94-year-old hedge-fund billionaire accused of puppeteering the Democratic Party was publicly advertising his centrality to the election effort from a New York City penthouse.’

Soros drew strong criticism on social media over the photo with Walz in his penthouse standing next to a vice presidential candidate who had been labeled as someone who would resonate with rural and working-class voters.

‘This guy goes around saying he’s a small town midwestern guy who understands the struggles of the middle class and then goes to hang out at the floating home in the sky of the world’s biggest billionaire nepo baby,’ digital strategist Greg Price wrote on X at the time.

‘A post like this does nothing to help Kamala Harris & Tim Walz win — if anything, it hurts them,’ journalist Jerry Dunleavy posted on X at the time. ‘So why would Soros post something like this? To publicly signal his power & influence within the next would-be presidential administration.’

New York Magazine wrote that Alex Soros’ ‘fondness for collecting powerful figures embarrasses people at the foundation.’

‘It also underscores his influence. OSF is by some measures the second-largest charitable foundation in the United States, trailing only the Gates Foundation. It gives out roughly $1.5 billion a year, and it spends its U.S. budget not only on liberal causes but also on some of the big dark-money nonprofits aligned with the Democratic Party, including America Votes, the Sixteen Thirty Fund, and the pro-Harris spending group Future Forward USA Action.’

Fox News Digital has documented Soros’ online presence, which includes all the photos he takes with Democratic politicians in recent years, and his Rolodex includes some of the most powerful politicians in the Democratic Party. During the Biden administration, Soros visited the White House over 22 times and met with both Biden and Harris.

His social media profiles have dozens of pictures of him and leading House and Senate Democrats since 2018. The two who appear the most are Senate Minority Leader Chuck Schumer of New York and former House Speaker Nancy Pelosi of California. Alex had at least nine meetings with Schumer, whom he referred to as his ‘good friend.’ 

Soros had at least eight visits with Pelosi, whom he has called the ‘greatest Speaker of the House in American History!’ 

Soros has donated millions to Democrats over the past several years, albeit far less than his father. In 2020, he contributed over $700,000 to the Biden Victory Fund, making him among its top donors. For the 2024 cycle, he maxed out $6,600 in donations directly to Biden’s campaign, federal filings show.

Since the 2018 elections, he has poured more than $5 million into federal political coffers. Records show that his largest contribution was $2 million to the Schumer-aligned Senate Majority PAC during this time. 

He’s also contributed hundreds of thousands in cash to the Nancy Pelosi Victory Fund, Democratic National Committee and Democratic Congressional Campaign Committee. He has given tens of thousands more to state Democratic parties and individual campaigns, many of which were maximum contributions. 

The article notes that the Soros network spent hundreds of millions in the last election cycle trying to elect Democrats and push progressive causes and that Soros was ‘probably the biggest liberal donor of the most recent election cycle’ but that it is ‘hard to know for sure because of untrackable dark-money spending.’

This post appeared first on FOX NEWS

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In Stocks

Grupo Mexico reports 17% rise in Q1 net income on higher metal prices, cost efficiency

3 Mins Read

Grupo Mexico, South America’s biggest mining and transport conglomerate, posted a 17% increase in first-quarter net profit on Friday, supported by higher copper and silver prices and lower production costs.

Net profit reached $1.09 billion, exceeding the $816 million forecast from analysts surveyed by LSEG.

The results were largely driven by an 18% rise in copper prices and a 38% increase in silver prices compared to the same period last year.

Copper production and sales were mostly flat, but the price rally boosted the bottom line substantially.

Grupo Mexico is one of the world’s major copper producers with mining assets in Mexico, Peru, Spain, and the United States.

It also owns a large rail freight and infrastructure business, which helps to diversify its revenue away from passenger services.

Revenue also goes up

Quarterly revenue increased 10% year on year to $4.20 billion.

Grupo Mexico stated that targeted reductions in production costs for copper and associated byproducts helped to boost profit margins throughout the quarter.

The company did not provide particular cost reduction estimates, but instead emphasised operational efficiency throughout its mining units.

In the United States, output from Grupo Mexico’s subsidiary Asarco fell marginally, but this was offset by stable production elsewhere.

Copper sales were broadly in line with the first quarter of 2024, indicating that pricing, not volume, was the primary driver of the increase.

Global uncertainty looms

However, Grupo Mexico did caution that “global trade tensions could affect results in future quarters.”

Copper prices have dropped back since the end of Q1, when trade tensions between the US and China, two of the world’s top copper consumers, started to rise.

Copper was not included in the broad tariffs imposed by US President Donald Trump in March, but analysts caution import limits could be imposed on the metal.

This could put a lid on global demand and pricing as Chinese countermeasures will follow with a heavy-handed thrill.

Grupo Mexico stated it is closely monitoring global trade developments, noting that “tariffs and protectionist trade policies could adversely affect results in upcoming quarters.”

A diversified portfolio offers a cushion

Grupo Mexico’s diversified portfolio offers resilience in the face of external risks.

The company’s freight rail division, one of the largest in Mexico, generates stable cash flow, while its infrastructure arm benefits from domestic investment in public works and energy.

German Larrea, the reclusive billionaire who owns Grupo Mexico, has previously emphasised a long-term strategy centred on efficiency, asset diversification, and commodity market cycles.

That concept appears to be paying off, as the corporation rides the present wave of high metal prices while bracing for potential turmoil ahead.

Grupo Mexico shares climb above key resistance following strong Q1 results

According to Yahoo Finance, as of 9:39 AM CST, Grupo Mexico (GMEXICOB.MX) shares were trading at MXN 103.17, up 0.58% or MXN 0.59 from the previous close.

The stock has been on a strong upward trajectory since the market opened.

The price has broken over the MXN 103.00 psychological resistance level, indicating that investors are optimistic following the company’s better-than-expected first-quarter earnings announcement.

Early trading action indicates good support at MXN 102.58, maintaining the day’s positive tilt.

The post Grupo Mexico reports 17% rise in Q1 net income on higher metal prices, cost efficiency appeared first on Invezz

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In World news

Top 5 Canadian Mining Stocks This Week: Tag Oil Posts 76 Percent Gain

11 Mins Read

South of the border, cooling rhetoric from the Trump administration led what turned out to be a relatively quiet news week.

Markets were volatile at the start of the week, however, after US President Donald Trump suggested on April 17 that Federal Reserve Chairman Jerome Powell’s “termination couldn’t come fast enough.”

The president softened his stance on Tuesday (April 22) when he said he had no intention of firing the head of the US central bank, but called him a “major loser.” Trump has been critical of Powell, saying that he has been slow to react to the markets in making rate cuts.

For his part, Powell has remained steadfast in waiting for more data before making decisions to tackle interest rates, most recently saying the Fed was taking its time to analyze the effect of tariffs imposed by the Trump administration.

This week, the president also implied that the high tariffs of 145 percent he implemented against China may come down in the future, although he said they would not be removed entirely. The comments helped to ease market tension on Tuesday, although he didn’t say when he would lower them.

However, economists believe that unless there is a substantial reduction to the 10 to 20 percent range, trade between the countries will not be normalized.

China said it was open to working out a deal, but not until the US remove all tariffs levied against Chinese imports. The Chinese foreign ministry also contradicted Trump’s statements that the two countries had been in negotiations.

As for Canada, Statistics Canada released its monthly mineral production survey for February on Tuesday.

The report showed that metallic mineral production was down from January. Copper production fell to 32.42 million kilograms from 34.1 million kilograms, gold production fell to 16,431 kilograms from 16,969 kilograms and silver production declined to 20,543 kilograms from 22,634 kilograms.

Shipments mostly increased compared to January’s figures. Copper rose to 29.23 million kilograms from 28.58 million kilograms and gold shipments increased to 15,328 kilograms from 14,751 kilograms. Silver saw the only decline, dropping to 16,592 kilograms from 17,227 kilograms.

Markets and commodities react

In Canada, the S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 2.24 percent during the week to close at 24,710.51 on Friday (April 25), the S&P/TSX Venture Composite Index (INDEXTSI:JX) rose 2.25 percent to 653.82 and the CSE Composite Index (CSE:CSECOMP) surged 6.05 percent to 120.11.

US equity markets were highly volatile this week, but posted significant gains by close on Friday, with the S&P 500 (INDEXSP:INX) adding 5.67 percent to close at 5,525.22, the Nasdaq 100 (INDEXNASDAQ:NDX) gaining 7.82 percent to 19,432.56 and the Dow Jones Industrial Average (INDEXDJX:.DJI) rose 3.1 percent to 40,113.51.

The gold price climbed to a new high early in the week, touching the US$3,500 per ounce mark on Tuesday. However, by the end of the week it was in retreat, closing out Friday down 0.75 percent at US$3,307.54. The silver price went the opposite direction, rising 1.79 percent during the period to US$33.05.

In base metals, the COMEX copper price gained 3.16 percent over the week to US$4.89 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) fell 0.25 percent to close at 537.20.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

Here’s a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 4:00 p.m. EDT on Friday using TradingView’s stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Tag Oil (TSXV:TAO)

Weekly gain: 76.47 percent
Market cap: C$32.77 million
Share price: C$0.15

Tag Oil is an oil and gas development company working to advance assets in Egypt’s Badr oil field.

The oilfield was first discovered in 1982 and has seen significant production since that time. Tag has been focused on exploration of the Abu Roash formation, and according to a November 2022 report, has estimated that its BED-1 concession contains more than 531.5 million barrels of oil in place, and represents an opportunity for successful commercial development.

Shares in Tag gained this week after the company announced on Tuesday that it had closed the sale of its 2.5 percent gross overriding royalty interests on the Cheal, Cardiff, Sidewinder, Puka and Cheal East operations in New Zealand. The company received the royalties in 2018 when it sold the assets.

Under the terms of the sale, the company received US$2.2 million, with the possibility of an additional US$300,000 in milestone payments. Tag stated the sale allows it to reallocate its resources to advancing its core business in Egypt.

2. Critical One Energy (CSE:CRTL)

Weekly gain: 63.27 percent
Market cap: C$12.65 million
Share price: C$0.40

Critical One is a critical mineral and uranium exploration company working to advance projects in Canada and Namibia.

The company’s uranium projects are located in Namibia and consist of the Madison West and the Madison North projects. They are situated in a region that hosts two producing uranium mines, the China National Nuclear Power (SHA:601985) led Rössing mine and CGN Power’s (OTC Pink:CGNWF,HKEX:1816) Husab mine.

The Madison West site covers an area of 35 square kilometers and hosts four primary prospects, including ML121, which has geological similarities to the deposits found at Rössing. The Madison North site covers an area of 26.13 square kilometers and has seen 50 holes completed over 3,720 meters.

Critical One’s newest asset is the Howells Lake antimony-gold project located near Thunder Bay in Ontario, Canada. The site is composed of 697 claims covering an area of 13,991 hectares. According to the project page, a historic resource estimate shows 51 million pounds of contained antimony from 1.7 million metric tons of ore with an average grade of 1.7 percent antimony.

Multiple parties previously owned the property, and on January 13, Critical One announced it had entered into a definitive purchase and sale agreement with Bounty Gold and the other vendors to acquire 100 percent of the project.

The company has not released any project news in the last week.

3. Patagonia Gold (TSXV:PGDC)

Weekly gain: 55.56 percent
Market cap: C$32.55 million
Share price: C$0.07

Patagonia Gold is a precious metals production and development company primarily focused on advancing its Cap-Oeste and Calcatreu underground projects in Argentina.

Located in Santa Cruz province, Cap-Oeste hosted open-pit mining operations until 2018. While Patagonia is working on the exploration and development of the underground resource at the site, it has been able to recover gold and silver from residual leaching on site.

In Patagonia’s management discussion and analysis, released on November 29, it reported that it had produced 1,415 ounces of gold and 65,046 ounces of silver from Cap-Oeste during the first nine months of 2024.

According to the company’s website, a 2018 mineral resource estimate for Cap-Oeste reported measured and indicated values of 704,300 ounces of gold and 21.43 million ounces of silver from 10.56 million metric tons of ore with average grades of 2.07 grams per metric ton (g/t) gold and 63.2 g/t silver.

Acquired in a deal with Pan American Silver (NYSE:PAAS,TSX:PAAS) in 2017, the Calcatreu project is located in Argentina’s Rio Negro province and covers approximately 90,000 hectares. A 2018 mineral resource estimate for Calcatreu reported measured and indicated values of 669,000 ounces of gold and 6.28 million ounces of silver from 9.84 million metric tons of ore with average grades of 2.11 g/t gold and 19.8 g/t silver.

The most recent news from the company came on Tuesday when it announced it had increased its loan facility with Cantomi Capital to US$50 million from US$45 million with a maturity date of December 31, 2026. The company intends to use the additional funds to continue the development at Calcatreu.

4. Azincourt Energy (TSXV:AAZ)

Weekly gain: 50 percent
Market cap: C$11.23 million
Share price: C$0.03

Azincourt Energy is a uranium exploration and development company working to advance projects in Canada.

One of its main focuses in 2025 is the Snegamook uranium project in the Central Mineral Belt of Newfoundland and Labrador. In October 2024, the company signed an option agreement to acquire a 100 percent stake in the property from BR Corporation.

The belt contains multiple uranium deposits including Paladin Energy’s (TSX:PDN,ASX:PDN) Michelin deposit, which hosts a measured and indicated resource of 82.2 million pounds of U3O8.

The property consists of 17 claims covering an area of 423 hectares and hosts proven shallow uranium mineralization. Previous exploration work discovered 1.3 kilometers of uranium bearing strike.

The most recent news from the project came on March 25, when Azincourt announced it was planning its inaugural work program that would include up to 1,000 meters of initial diamond drilling to confirm and expand on known uranium mineralization.

Its other focus this year has been at its East Preston project in the Athabasca Basin in Saskatchewan. The site covers 20,647 hectares and is one of the largest landholdings in the region.

Azincourt announced on April 1 that it was planning a geophysical program at the property in the fall, and in the winter it may perform follow-up diamond drilling on clay alteration zones discovered at the site in 2023 and 2024.

5. Novagold (TSX:NG)

Weekly gain: 49.88 percent
Market cap: C$2.31 billion
Share price: C$6.18

Novagold is a development company working to bring its Donlin Gold asset into production. The property, located in West-central Alaska, US, is currently a 50/50 joint venture between Novagold and Barrick Gold (TSX:ABX,NYSE:GOLD).

According to a June 2021 technical report, the property hosts proven and probable reserves of 33.85 million ounces of gold from 504.81 million metric tons of ore with an average grade of 2.09 g/t gold.

The report also demonstrated an after tax net present value of US$3.04 billion with an internal rate of return of 9.2 percent over a payback period of 7.3 years, all of which is based on a gold price of US$1,500 per ounce.

On Tuesday, the company announced that it and Paulson Advisers had entered into a definitive agreement with Barrick Gold to acquire Barrick’s 50 percent interest in the project for US$1 billion, with Novagold purchasing 10 percent of it for US$200 million. Upon completion, Novagold’s stake will increase to 60 percent and Paulson Advisers will hold a 40 percent stake.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange’s trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

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In Business

American liquor exports hit record high in 2024, driven by tariffs

3 Mins Read

U.S. spirit exports reached a record $2.4 billion in 2024, driven in large part by tariff concerns and ongoing global trade disputes.

That is according to the American Spirits Exports report published by trade association the Distilled Spirits Council of the United States on Thursday.

“U.S. spirits exports hit a new high in 2024, recapturing lost market share since the UK and EU lifted retaliatory tariffs that were applied between 2018-2021,” said DISCUS President and CEO Chris Swonger. “Unfortunately, ongoing trade disputes unrelated to our sector have caused uncertainty, keeping many U.S. distillers on the sidelines and curtailing sales growth.”

U.S. spirits exports to the EU surged by 39%, fueled by concerns over the potential return of a 50% tariff on American whiskey imports in 2025, which was suspended in 2022.

In March, Trump threatened to put 200% tariffs on French Champagne and other EU spirits, which led European world leaders — specifically from Ireland, France and Italy — to advocate for bourbon tariffs not to return as part of retaliatory measures.

The threat of that specific tariff has faded somewhat as the U.S. and EU continue trade negotiations.

Approximately 50% of U.S. spirits were exported to the EU — totaling $1.2 billion — making it the largest export market.

Exports to the rest of the world, however, declined by nearly 10%, the report found, which reflects the broader softening alcohol category.

Suntory Beam, the Japanese maker of Jim Beam bourbon whiskey, said in December it was preparing for tariffs by stockpiling supply in Europe. The company is already heavily reliant on France and the United Kingdom, which make up over 50% of its global exports market over the last eight years, according to global trade data from Panjiva.

Several of the top states for exports in 2024 are significant bourbon economies, according to the report.

Still, American whiskey exports, which accounted for 54% of all U.S. spirits exports, dipped 5.4% to $1.3 billion.

Swonger said that while outlook for spirits remains highly unpredictable with ongoing trade disputes, one fact rings true in the data: Exports go to countries that have eliminated tariffs.

“We are thankful for President Trump’s early success in securing India’s reduction of its tariff on Bourbon from 150% to 100%,” Swonger said. “It’s our hope that the administration builds on this positive momentum by securing additional tariff reductions in India and reducing trade barriers in other countries.”

Headwinds remain for the industry. Canada, the second largest market for U.S. spirits exports, imposed a 25% tariff in on alcohol coming over the border in March, and several provinces have removed product from shelves.

Distiller and brewers also face steel and aluminum tariffs that impact materials costs for brewers like Constellation Brands, which lowered long-term 2027 and 2028 guidance significantly around “the anticipated impact of tariffs.”

This post appeared first on NBC NEWS

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In Politics

Hegseth signs ‘No More Walking on Eggshells’ policy, demands review of equal opportunity complaint process

3 Mins Read

Defense Secretary Pete Hegseth signed a memo on Friday calling for a review of Military Equal Opportunity and DoD civilian Equal Employment Opportunity programs. The secretaries of each military department are required under the memo to assess the programs in place within their own departments.

In a video posted on X announcing the memo, Hegseth said that while it’s ‘a good thing’ that the military has multiple avenues for both service members and civilians to complain about harassment and discrimination, the systems have been ‘weaponized’ and used ‘in bad faith to retaliate against superiors or peers.’

The memo’s official title is ‘Restoring Good Order and Discipline Through Balanced Accountability,’ but Hegseth says he calls it the ‘No More Walking on Eggshells’ policy.

‘So, here’s the goal: empower leaders to make tough decisions, enforce standards, and restore good order and discipline,’ Hegseth said in the video.

The memo directs the secretaries to ensure that complaints that ‘are unsubstantiated by actionable, credible evidence are timely dismissed.’ Additionally, ‘favorable actions,’ such as awards and promotions, involving the alleged offender are to be considered until the complaint is substantiated. Finally, the memo states that those who ‘knowingly submit false complaints’ may face discipline.

The secretaries have 45 days to complete their reviews.

Hegseth is no stranger to controversy and has faced several allegations since being tapped to lead DoD. It is not a stretch to imagine that he might have empathy for those facing false or unsubstantiated allegations.

 

Prior to his confirmation, Hegseth faced allegations of sexual misconduct, alcohol abuse and mismanagement of veterans’ organizations. This included an affidavit by his former sister-in-law in which she alleged that Hegseth was physically abusive to his ex-wife, Samantha ‘Sam’ Hegseth. However, Sam denied the allegations, saying she did not experience physical abuse during her marriage to Hegseth.

Hegseth told lawmakers during his confirmation hearing that he is not a ‘perfect person,’ but asserted that he was the subject of a ‘coordinated smear campaign orchestrated in the media.’ 

Additionally, since becoming secretary of defense, Hegseth has been involved in two scandals regarding the encrypted messaging app Signal.

The first scandal occurred when The Atlantic’s Jeffrey Goldberg was added to a Signal chat in which there were discussions about plans for the U.S. to strike Yemen. While National Security Advisor Mike Waltz took a lot of heat for the situation, Hegseth was not spared from criticism. In the end, the Trump administration insisted that the discussions in the group did not actually involve ‘war plans.’

On Sunday, Hegseth was accused of sharing military information in a Signal group chat that included his wife, brother and personal attorney. The New York Times reported that people with knowledge of the situation said the information ‘included the flight schedules for the F/A-18 Hornets targeting the Houthis in Yemen.’ 

Hegseth told ‘FOX & Friends’ that the allegations were meant to ‘sabotage’ President Donald Trump’s agenda.

Despite an op-ed suggesting that Hegseth could be on the way out, the White House has stood behind him.

‘He is bringing monumental change to the Pentagon, and there’s a lot of people in the city who reject monumental change, and I think, frankly, that’s why we’ve seen a smear campaign against the Secretary of Defense since the moment that President Trump announced his nomination before the United States Senate,’ White House press secretary Karoline Leavitt told reporters on Tuesday. 

Diana Stancy contributed to this report.

This post appeared first on FOX NEWS

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In Stocks

Europe markets open: stocks gain, tracking global rally; Safran jumps 3% on earnings

3 Mins Read

European stock markets began Friday’s session on a positive note, carrying forward momentum from a global rally spurred by renewed optimism in technology stocks and tentative hopes surrounding international trade dynamics.

Investors turned their focus to a fresh batch of corporate earnings reports emerging from across the continent.

The pan-European Stoxx 600 index edged higher by 0.2% around 8:15 am in London, setting the stage for a potential fourth consecutive day of gains after accumulating a 2.4% rise earlier in the week.

Regional indices showed a similar, albeit slightly mixed, early picture: Germany’s DAX opened up 0.2% and France’s CAC 40 rose 0.5%, while the UK’s FTSE 100 started flat.

The FTSE notably managed a marginal gain on Thursday, extending its winning streak to an impressive nine straight sessions, its longest positive run since 2019.

This upbeat European start followed strong performances overseas. Wall Street notched its third consecutive day of gains on Thursday, driven significantly by a rebound in technology shares.

Sentiment was further boosted by positive quarterly results from Alphabet (Google’s parent company) after the closing bell, and by a perception that US tariff rhetoric might be softening, alongside reports that China is considering suspending some levies.

US stock futures continued to point higher early Friday.

Asian markets largely mirrored this optimism, with Japan’s Nikkei 225 rising 1.88% and South Korea’s Kospi climbing 1.07%, partly on reports of progress toward a US-South Korea trade agreement.

Australian markets remained closed for a holiday.

Earnings take center stage in Europe

With the global backdrop providing support, attention in Europe shifted squarely to corporate earnings. Early reports brought mixed results.

French aerospace giant Safran saw its shares climb 3.1% after the jet engine maker reported results that surpassed market expectations, providing a boost to the industrial sector.

However, Swedish defence contractor Saab AB experienced a different fate, with its shares declining by 1% after the company missed top-line revenue forecasts, highlighting the company-specific factors influencing trading despite the broader positive mood.

Earnings from other major players were also anticipated throughout the session.

Navigating persistent uncertainty

While the immediate sentiment appeared positive, the underlying context of persistent trade uncertainty lingered.

Investors continue to carefully assess the evolving trade climate and its potential impact on corporate profitability and economic growth, even as markets seize upon signs of potential de-escalation or positive earnings surprises.

The generally positive open suggested that, for now, the momentum from the global rally and specific corporate news were outweighing broader concerns.

The post Europe markets open: stocks gain, tracking global rally; Safran jumps 3% on earnings appeared first on Invezz

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In World news

13 Canadian Crypto ETFs in 2025

7 Mins Read

Cryptocurrencies such as Bitcoin and Ethereum offer an alternative route for building and storing wealth. While directly holding these digital assets is a popular option, investors are also clamoring for financial products such as crypto exchange-traded funds (ETFs).

Canada first launched Bitcoin and Ethereum ETFs in 2021. These Canadian Bitcoin and Ethereum ETFs allow investors to place returns in tax-sheltered accounts like tax-free savings accounts or registered retirement savings plans.

“There is a high demand for a Bitcoin product that has all the features that people love about ETFs — that they trade on an exchange, that they’re liquid,” Ross Mayfield, investment strategy analyst at Robert W. Baird & Co., told Bloomberg in mid-2021.

Interest has only increased since then. In the US, Bitcoin ETFs’ net assets surpassed US$100 billion in November 2024, gaining ground on US gold ETFs. Sean Farrell, head of digital asset strategy at Fundstrat, wrote in mid-2023 that the Bitcoin ETF category at large has the potential to surpass the precious metals ETF market in terms of asset value. ‘Bitcoin ETF eventually could become >$300 billion category,’ he stated in the note.

Ethereum ETFs have also become a major talking point. Ethereum is the most widely used blockchain technology, and Ether, the digital currency of this platform, is the second largest cryptocurrency after Bitcoin.

With that in mind, it’s worth taking a look at the currently available Canadian cryptocurrency ETFs. The list below includes 13 Ether and Bitcoin ETFs available on the Canadian market sorted by assets under management, and all data presented is current as of April 17, 2025.

1. Purpose Bitcoin ETF (TSX:BTCC)

Assets under management: C$2.6 billion

Billed as the world’s first physically settled Bitcoin ETF, the Purpose Bitcoin ETF launched in February 2021 and is backed by Bitcoin in cold storage. This means the fund allows investors to add and sell Bitcoin with no digital wallet required.

Hosted by Canadian investment company Purpose Investments, the Purpose Bitcoin ETF is backed by 22001.42 Bitcoins and has a management expense ratio of 1.5 percent.

2. CI Galaxy Bitcoin ETF (TSX:BTCX.B)

Assets under management: C$1.07 billion

Launched in March 2021, the CI Galaxy Bitcoin ETF was born out of a partnership between cryptocurrency leaders Galaxy Fund Management and CI Global Asset Management. Galaxy Fund Management is part of Galaxy Digital, a diversified financial services firm with a focus on digital assets and the blockchain technology sector.

The ETF’s objective is to give investors exposure to Bitcoin via an institutional-quality fund platform, as its holdings are wholly Bitcoin and are kept in cold storage. At 0.4 percent, this fund boasts one of the lowest management fees of all the crypto funds on the market.

3. Fidelity Advantage Bitcoin ETF (TSX:FBTC)

Assets under management: C$931.07 million

The newest Bitcoin fund on this list, the Fidelity Advantage Bitcoin ETF, launched in November 2021. It offers the security of Fidelity’s in-house cold storage services for its holdings.

While it previously had a management fee of 0.39 percent, the Fidelity Advantage Bitcoin ETF lowered it in January 2025 to an ultra-low management fee of 0.32 percent.

4. 3iQ CoinShares Bitcoin ETF (TSX:BTCQ)

Net asset value: C$285.91 million

Launched in March 2021, the 3iQ CoinShares Bitcoin ETF offers exposure to the price movement of Bitcoin in US dollar terms. The company holds its Bitcoin assets in cold storage. This ETF has a management fee of 1 percent.

5. CI Galaxy Ethereum ETF (TSX:ETHX.B)

Assets under management: C$284.3 million

The CI Galaxy Ethereum ETF, another collaboration between CI and Galaxy, offers investors exposure to the spot Ethereum price through Ether holdings in cold storage. The fund launched on April 20, 2021, the same day as two of the other Ether ETFs on this list.

At the time, CI Global Asset Management suggested that “owning Ether is similar to owning a basket of early-stage, high-growth technology stocks.”

The CI Galaxy Ethereum ETF also has notably low management fees of just 0.4 percent.

6. Evolve Bitcoin ETF (TSX:EBIT)

Assets under management: C$229.8 million

Evolve ETFs partnered with cryptocurrency experts, including Gemini Trust Company, CF Benchmarks, Cidel Bank & Trust and CIBC Mellon Global Services, to launch the Evolve Bitcoin ETF. The fund, which holds its own Bitcoin, has a management fee of 0.75 percent.

Launched a week after the Purpose Bitcoin ETF, its holdings of Bitcoin are priced based on the CME CF Bitcoin Reference Rate, a once-a-day benchmark index price for Bitcoin denominated in US dollars.

7. Purpose Ether ETF (TSX:ETHH)

Assets under management: C$215.8 million

The Purpose Ether ETF is a direct-custody Ether ETF that launched on April 20, 2021. This fund holds 97598.07 Ether, which it stores in cold storage.

The Purpose Ether ETF offers investors exposure to the daily price movements of physically settled Ether tokens with a management fee of 1 percent.

8. Purpose Bitcoin Yield ETF (TSX:BTCY)

Assets under management: C$140 million

The Purpose Bitcoin Yield ETF uses a covered call strategy to generate yield for investors, which involves writing call options on Bitcoin. Call options give the buyer an option to purchase an asset at a specific price on or before a specific date.

Its structure allows the fund to earn income from option premiums while providing investors with exposure to Bitcoin’s price movements. Its distributions are paid monthly.

9. Evolve Cryptocurrencies ETF (TSX:ETC)

Assets under management: C$61.35 million

The Evolve Cryptocurrencies ETF launched in September 2021 as the first multi-cryptocurrency ETF, providing combined exposure to both Bitcoin and Ether.

This product from Evolve ETFs allows investors to diversify their crypto portfolios and provides indirect exposure to the two coins, weighing them by market capitalization and rebalancing its holdings on a monthly basis. Bitcoin makes up the majority of its portfolio.

While this ETF has no management fee, the underlying funds that hold both Bitcoin and Ether have management fees of 0.75 percent plus applicable taxes.

10. 3iQ CoinShares Ether Staking ETF (TSX:ETHQ)

Net asset value: C$‪49.6 million

Following the success of its Bitcoin ETF, 3iQ Digital Asset Management launched its CoinShares Ether Staking ETF in April 2021. This fund has a similar objective, offering exposure to Ether and its daily US dollar price movements. It also has a management fee of 1 percent.

11. Purpose Ether Yield ETF (TSX:ETHY)

Assets under management: C$44.5 million

Like the Purpose Bitcoin Yield ETF, the Purpose Ether Yield ETF offers investors an opportunity to invest in Ether while also generating yield. Purpose Investments lends a portion of its Ether holdings to institutional borrowers and earns interest on those loans.

Investors who purchase shares of this ETF receive a portion of the interest earned in monthly distributions.

12. Evolve Ether ETF (TSX:ETHR)

Assets under management: C$40.52 million

The Evolve Ether ETF offers investors an easier route to investing directly in Ether. The fund’s holdings of Ether are priced based on the CME CF Ether-Dollar Reference Rate, a once-a-day benchmark index price for Ether denominated in US dollars. As with the Evolve Bitcoin ETF, the Evolve Ether ETF has a management fee of 0.75 percent.

13. Fidelity Advantage Ether ETF (TSX:FETH)

Assets under management: C$24.2 million

Following the successful launch of its Bitcoin fund, Fidelity brought its Advantage Ether ETF to market in September 2022, making this the newest Ether ETF in Canada. Its holdings are stored in Fidelity’s in-house cold storage.

The Fidelity Advantage Ether ETF has a management fee of 0.4 percent.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

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