In a world where digital assets have become increasingly popular, Canadian investors have a variety of options when it comes to investing in cryptocurrencies through Exchange-Traded Funds (ETFs). These investment vehicles provide a convenient and regulated way for individuals to gain exposure to the crypto market without directly purchasing and storing digital assets. As of 2024, there are 13 Canadian crypto ETFs that offer investors a range of options to suit their investment goals and risk tolerance.
1. Purpose Bitcoin ETF (BTCC)
Purpose Bitcoin ETF (BTCC) is one of the first Bitcoin ETFs in Canada and provides exposure to the world’s most popular cryptocurrency. Investors can buy units of the ETF that are backed by physical Bitcoin holdings, allowing them to participate in the potential price appreciation of Bitcoin without directly owning the asset.
2. CI Galaxy Bitcoin ETF (BTCX)
CI Galaxy Bitcoin ETF (BTCX) is another popular option for Canadian investors looking to gain exposure to Bitcoin. This ETF also holds physical Bitcoin as its underlying asset, providing a convenient way to invest in the digital currency through a traditional brokerage account.
3. 3iQ CoinShares Bitcoin ETF (BTCQ)
3iQ CoinShares Bitcoin ETF (BTCQ) is backed by physical Bitcoin held in cold storage by Coinbase Custody, a trusted custodian in the cryptocurrency industry. The ETF aims to track the performance of Bitcoin and provides investors with a convenient way to invest in the digital currency.
4. Evolve Bitcoin ETF (EBIT)
Evolve Bitcoin ETF (EBIT) is another option for Canadian investors seeking exposure to Bitcoin. This ETF aims to provide investors with the performance of Bitcoin by investing in Bitcoin futures contracts, making it a unique offering in the Canadian market.
5. 3iQ CoinShares Ether ETF (ETHQ)
For investors interested in Ethereum, 3iQ CoinShares Ether ETF (ETHQ) is an option that provides exposure to the popular cryptocurrency. The ETF holds physical Ethereum as its underlying asset, allowing investors to benefit from the price movements of the digital currency.
6. Purpose Ether ETF (ETHH)
Purpose Ether ETF (ETHH) is another Ether ETF option for Canadian investors looking to invest in Ethereum. This ETF holds physical Ethereum and aims to track the performance of the digital currency, providing a convenient way to gain exposure to Ether through traditional brokerage accounts.
7. CI Galaxy Ethereum ETF (ETHX)
CI Galaxy Ethereum ETF (ETHX) is backed by physical Ethereum and aims to provide investors with exposure to the performance of the digital currency. The ETF is designed to track the price movements of Ethereum, offering investors a convenient way to invest in the cryptocurrency.
8. Evolve Ethereum ETF (ETHR)
Evolve Ethereum ETF (ETHR) is another option for investors interested in Ethereum. This ETF invests in Ethereum futures contracts to provide investors with exposure to the digital currency, offering a unique way to gain exposure to Ethereum.
9. 3iQ CoinShares Digital Asset ETF (DIGI)
3iQ CoinShares Digital Asset ETF (DIGI) is a diversified option that provides exposure to a basket of digital assets, including Bitcoin and Ethereum. The ETF aims to capture the performance of the digital asset market, offering investors a convenient way to invest in a range of cryptocurrencies.
10. Accelerate Financial Technologies High-Interest Savings ETF (FIAT)
Accelerate Financial Technologies High-Interest Savings ETF (FIAT) provides Canadian investors with exposure to cash and cash equivalents, offering a stable option for those looking to park their funds outside of volatile markets. The ETF aims to provide competitive interest rates on cash holdings, making it a suitable choice for investors seeking liquidity and stability.
11. Galaxy Bitcoin ETF (BTCB)
Galaxy Bitcoin ETF (BTCB) is another option for investors looking to gain exposure to Bitcoin through a regulated investment vehicle. The ETF aims to track the performance of Bitcoin and provides investors with a convenient way to invest in the digital currency.
12. Galaxy Ethereum ETF (ETHB)
For investors interested in Ethereum, Galaxy Ethereum ETF (ETHB) offers exposure to the digital currency through a regulated investment vehicle. The ETF holds physical Ethereum and aims to track the performance of the cryptocurrency, providing investors with a convenient way to invest in Ethereum.
13. iMining (IMIN)
iMining (IMIN) is a unique option for investors looking to gain exposure to the crypto industry through a diversified portfolio of digital assets. The ETF invests in a range of cryptocurrencies and blockchain companies, providing investors with exposure to the growth potential of the digital asset market.
In conclusion, Canadian investors have a variety of options when it comes to investing in cryptocurrencies through ETFs. Whether they are looking to gain exposure to Bitcoin, Ethereum, or a diversified portfolio of digital assets, there are ETFs available to suit their investment goals and risk tolerance. By utilizing these regulated investment vehicles, investors can participate in the potential growth of the crypto market while benefiting from the convenience and security offered by ETFs.