Cryptocurrency ETFs have been gaining significant traction in the investment world, allowing investors to gain exposure to the digital asset market without directly holding cryptocurrencies. In Canada, the popularity of crypto ETFs has been on the rise, with a variety of options now available to investors looking to diversify their portfolios with digital assets. Let’s take a closer look at 13 Canadian crypto ETFs that have been updated for 2024.
1. The Purpose Bitcoin ETF
One of the most well-known and widely traded cryptocurrency ETFs in Canada is the Purpose Bitcoin ETF. This ETF provides investors with exposure to the price of Bitcoin through direct investment in the cryptocurrency. With a focus on transparency and ease of access, the Purpose Bitcoin ETF has gained popularity among both retail and institutional investors.
2. CI Galaxy Bitcoin ETF
The CI Galaxy Bitcoin ETF is another popular choice for Canadian investors looking to add Bitcoin exposure to their portfolios. This ETF aims to track the performance of Bitcoin by investing in a combination of Bitcoin and Bitcoin futures contracts, offering a flexible and efficient way to access the digital asset market.
3. Evolve Bitcoin ETF
For investors seeking a passive investment approach to Bitcoin, the Evolve Bitcoin ETF provides a convenient solution. This ETF aims to replicate the performance of Bitcoin by investing directly in the cryptocurrency, offering a simple and transparent way to gain exposure to the digital asset.
4. Purpose Ether ETF
In addition to Bitcoin-focused ETFs, Canadian investors can also access Ether, the native cryptocurrency of the Ethereum network, through ETFs such as the Purpose Ether ETF. This ETF aims to track the performance of Ether through direct investment in the cryptocurrency, providing investors with exposure to the innovative Ethereum network.
5. 3iQ Global Cryptoasset Fund
For investors looking for diversification beyond Bitcoin and Ether, the 3iQ Global Cryptoasset Fund offers exposure to a variety of digital assets. This actively managed fund invests in a range of cryptocurrencies, providing investors with a diversified approach to the digital asset market.
6. 3iQ Bitcoin ETF
The 3iQ Bitcoin ETF is another option for Canadian investors seeking direct exposure to Bitcoin. This ETF aims to replicate the performance of Bitcoin by investing in the cryptocurrency, offering a simple and efficient way to gain exposure to the world’s largest digital asset.
7. Galaxy Bitcoin ETF
The Galaxy Bitcoin ETF provides investors with exposure to Bitcoin through a combination of direct investment in the cryptocurrency and Bitcoin futures contracts. This ETF offers a flexible and diversified approach to investing in Bitcoin, allowing investors to participate in the growth of the digital asset market.
8. CoinShares Bitcoin ETF
The CoinShares Bitcoin ETF is designed to track the performance of Bitcoin by investing in a combination of Bitcoin and Bitcoin futures contracts. This ETF offers investors a convenient way to gain exposure to Bitcoin, with the added benefit of professional management and oversight.
9. Horizons Inovest Bitcoin ETF
The Horizons Inovest Bitcoin ETF is an actively managed fund that seeks to provide investors with exposure to the price of Bitcoin through a combination of direct investment in the cryptocurrency and Bitcoin futures contracts. This ETF offers a dynamic and adaptive approach to investing in Bitcoin, with the aim of generating attractive returns for investors.
10. CI Galaxy Ethereum ETF
For investors looking to gain exposure to Ether, the CI Galaxy Ethereum ETF provides a convenient and efficient solution. This ETF aims to track the performance of Ether by investing in the cryptocurrency, offering investors an easy way to access the innovative Ethereum network.
11. iShares Bitcoin ETF
The iShares Bitcoin ETF is designed to provide investors with exposure to Bitcoin through direct investment in the cryptocurrency. This ETF offers a straightforward and transparent way to invest in Bitcoin, with the added benefit of professional management and oversight from iShares.
12. Galaxy Ethereum ETF
The Galaxy Ethereum ETF provides investors with exposure to Ether through a combination of direct investment in the cryptocurrency and Ethereum futures contracts. This ETF offers a diversified and flexible approach to investing in Ether, allowing investors to benefit from the growth of the Ethereum network.
13. Galaxy Crypto Index ETF
For investors seeking broad exposure to the digital asset market, the Galaxy Crypto Index ETF offers a convenient solution. This ETF tracks the performance of an index of cryptocurrencies, providing investors with diversified exposure to the digital asset market as a whole.
In conclusion, the Canadian cryptocurrency ETF market has expanded significantly, offering investors a wide range of options to gain exposure to digital assets such as Bitcoin and Ether. Whether you prefer a passive or actively managed approach, there are ETFs available to suit your investment goals and risk tolerance. As the digital asset market continues to evolve, Canadian investors can take advantage of these innovative ETFs to diversify their portfolios and participate in the growth of the cryptocurrency ecosystem.
