Purpose Investments announced the successful completion of its merger consolidating Purpose Ether Staking Corp. ETF (ETHC.B) into Purpose Ether ETF (ETHH.B) on February 13, 2026. The transaction was executed on a tax-deferred basis, with shareholders receiving 0.4003661 units of ETHH.B for each ETHC.B share held. This exchange ratio reflects the relative net asset values of the two funds at the time of merger completion.
In connection with the merger, Purpose Investments declared a special notional capital gain distribution of 0.82% for the 2026 tax year. This distribution represents gains realized during the consolidation process and will be allocated to ETHH.B unitholders on record as of the merger date.
The merger streamlines Purpose Investments' ether-focused ETF offerings under a single investment vehicle. Shareholders of the acquired ETHC.B fund transitioned their holdings into ETHH.B, consolidating the asset bases and potentially reducing ongoing expenses through operational efficiencies.