As cryptocurrencies continue to gain popularity and acceptance worldwide, the demand for accessible investment options in the crypto space is also on the rise. In Canada, investors are turning to cryptocurrency exchange-traded funds (ETFs) as a way to diversify their portfolios and gain exposure to digital assets. These ETFs aim to provide investors with a convenient and regulated way to invest in cryptocurrencies without directly owning the underlying assets. Here, we delve into 13 Canadian crypto ETFs that have been recently updated for 2024.
1. Purpose Bitcoin ETF (BTCC)
The Purpose Bitcoin ETF allows investors to gain exposure to the price of bitcoin without having to hold the digital currency themselves. This ETF is designed to track the performance of bitcoin by investing directly in the cryptocurrency.
2. CI Galaxy Bitcoin ETF (BTCX)
The CI Galaxy Bitcoin ETF provides investors with exposure to bitcoin’s price movements through a secure and regulated investment vehicle. This ETF holds bitcoin directly as part of its portfolio.
3. 3iQ CoinShares Bitcoin ETF (BTCQ)
The 3iQ CoinShares Bitcoin ETF gives investors access to bitcoin through a physically-backed ETF structure. This ETF holds bitcoin as its primary asset and aims to track the performance of the cryptocurrency.
4. Purpose Ether ETF (ETHH)
The Purpose Ether ETF offers investors exposure to ether, the native cryptocurrency of the Ethereum network. This ETF holds ether directly in its portfolio, allowing investors to benefit from the digital asset’s price movements.
5. CI Galaxy Ethereum ETF (ETHX)
The CI Galaxy Ethereum ETF provides investors with exposure to ether’s price movements through a secure and regulated investment vehicle. This ETF holds ether directly as part of its portfolio.
6. 3iQ CoinShares Ethereum ETF (ETHQ)
The 3iQ CoinShares Ethereum ETF gives investors access to ether through a physically-backed ETF structure. This ETF holds ether as its primary asset and aims to track the performance of the cryptocurrency.
7. Purpose Alt ETF (ALT)
The Purpose Alt ETF offers exposure to a diversified basket of cryptocurrencies, providing investors with a way to access the broader crypto market. This ETF holds a mix of different digital assets in its portfolio.
8. Evolve Bitcoin ETF (EBIT)
The Evolve Bitcoin ETF allows investors to gain exposure to the price of bitcoin through a convenient and regulated investment vehicle. This ETF aims to replicate the performance of bitcoin by investing in the digital asset.
9. Evolve Ether ETF (EETH)
The Evolve Ether ETF provides investors with exposure to ether, the cryptocurrency of the Ethereum network. This ETF holds ether directly in its portfolio, allowing investors to benefit from the digital asset’s price movements.
10. Evolve Blockchain ETF (LINK)
The Evolve Blockchain ETF offers exposure to companies that are involved in the development and implementation of blockchain technology. This ETF provides investors with a way to invest in blockchain-related projects and innovations.
11. Horizons Blockchain ETF (BKCH)
The Horizons Blockchain ETF tracks the performance of companies that are actively involved in blockchain technology and applications. This ETF offers investors exposure to the potential growth of blockchain across various industries.
12. Horizons Bitcoin Yield ETF (HYBR)
The Horizons Bitcoin Yield ETF provides investors with exposure to bitcoin while generating yield through covered call options. This ETF aims to offer a combination of capital appreciation and income from bitcoin investments.
13. Horizons Ether Yield ETF (HEPR)
The Horizons Ether Yield ETF offers investors exposure to ether while generating yield through covered call options. This ETF aims to provide a balance between capital appreciation and income from ether investments.
In conclusion, Canadian crypto ETFs provide investors with a convenient and regulated way to access the crypto market without the hassle of managing digital assets directly. These ETFs offer exposure to various cryptocurrencies and blockchain-related investments, allowing investors to diversify their portfolios and benefit from the potential growth of the digital asset space. As the crypto industry continues to evolve, Canadian crypto ETFs remain a popular choice for investors seeking exposure to this emerging asset class.