Cryptocurrency Exchange Traded Funds (ETFs) have gained significant attention from investors seeking exposure to digital assets without directly owning them. In Canada, the crypto ETF market has been rapidly evolving, offering a diverse range of investment options. Let’s delve into 13 Canadian Crypto ETFs that have been updated for 2024.
1. Harvest Portfolios Group Inc. was one of the first to introduce a crypto ETF in Canada, with the Harvest Digital Gold Trust. This ETF provides exposure to Bitcoin through physically settled contracts. Its innovative structure has attracted investors looking for a direct approach to owning digital gold.
2. CI Global Asset Management offers the CI Galaxy Bitcoin ETF, catering to investors seeking exposure to Bitcoin’s price movements. This ETF aims to track the performance of Bitcoin and is considered a convenient option for those interested in the cryptocurrency market.
3. Purpose Investments has been a prominent player in the Canadian crypto ETF landscape with the Purpose Bitcoin ETF. This ETF allows investors to access the world’s most popular cryptocurrency, Bitcoin, through a secure and regulated investment vehicle.
4. Evolve Funds Group Inc. introduced the Evolve Bitcoin ETF, providing exposure to Bitcoin’s price movements without the hassle of owning the digital asset directly. This ETF offers a convenient way for investors to diversify their portfolios and hedge against traditional market risks.
5. 3iQ Corp. has launched the 3iQ CoinShares Bitcoin ETF, which aims to track the performance of Bitcoin while also integrating environmental, social, and governance (ESG) principles. This ETF appeals to investors looking to align their investment decisions with sustainable practices.
6. Horizon ETFs Management (Canada) Inc. has introduced the Horizons Bitcoin Front-Month Rolling Futures ETF, offering exposure to Bitcoin futures contracts. This unique ETF provides investors with a different approach to accessing the cryptocurrency market.
7. First Block Capital Inc. offers the FBC Bitcoin Trust, providing institutional and accredited investors with a secure and compliant way to invest in Bitcoin. This trust has gained popularity for its straightforward approach to digital asset investing.
8. Galaxy Digital Capital Management LP has launched the BTCX Bitcoin ETF, focusing on providing exposure to Bitcoin’s price movements. Investors looking for a straightforward way to invest in the cryptocurrency market may find this ETF appealing.
9. Purpose Investments also offers the Purpose Ether ETF, allowing investors to access Ethereum, the second-largest cryptocurrency by market capitalization. This ETF caters to those interested in diversifying their digital asset holdings beyond Bitcoin.
10. Evolve Funds Group Inc. introduced the Evolve Ether ETF, offering exposure to Ethereum’s price movements through a convenient investment vehicle. This ETF appeals to investors looking to capitalize on the potential growth of Ethereum within the cryptocurrency market.
11. 3iQ Corp. has launched the 3iQ CoinShares Ethereum ETF, providing exposure to Ethereum while integrating ESG principles into its investment strategy. Investors interested in sustainable investing within the digital asset space may find this ETF attractive.
12. First Block Capital Inc. offers the FBC Ethereum Trust, providing institutional and accredited investors with a secure and compliant way to invest in Ethereum. This trust aims to simplify the process of owning digital assets for discerning investors.
13. Purpose Investments has introduced the Purpose Digital Currency Index Fund, which offers exposure to a diversified basket of digital currencies, including Bitcoin and Ethereum. This fund caters to investors seeking broad exposure to the cryptocurrency market.
In conclusion, the Canadian crypto ETF landscape has seen significant growth and innovation, offering investors a diverse range of options to gain exposure to digital assets. Whether you are interested in Bitcoin, Ethereum, or a diversified digital currency portfolio, there are ETFs available to suit your investment needs. Stay informed and consider consulting with a financial advisor to determine the best crypto ETFs for your investment goals.