The article discusses various Canadian crypto ETFs that have gained popularity among investors in 2024. The rise of digital assets and blockchain technology has led to the creation of several exchange-traded funds (ETFs) to cater to the increasing demand for exposure to the crypto market. With 13 Canadian crypto ETFs available in the market, investors have a wide range of options to choose from, each with its unique investment strategy and focus.
1. Purpose Bitcoin ETF (BTCC)
Purpose Bitcoin ETF (BTCC) was the first crypto ETF to be launched in Canada and has gained significant attention since its inception. The fund provides exposure to bitcoin, the largest and most well-known cryptocurrency, allowing investors to participate in the growing digital asset market.
2. CI Galaxy Bitcoin ETF (BTCX)
CI Galaxy Bitcoin ETF (BTCX) is another popular option for Canadian investors seeking exposure to bitcoin. The fund is managed by Galaxy Digital, a leading cryptocurrency investment firm, and offers a convenient way to invest in bitcoin through an ETF structure.
3. 3iQ CoinShares Bitcoin ETF (BTCQ)
3iQ CoinShares Bitcoin ETF (BTCQ) is a collaboration between 3iQ, a Canadian digital asset manager, and CoinShares, a leading European digital asset investment firm. The fund provides exposure to bitcoin while aiming to minimize the risks associated with direct cryptocurrency investments.
4. Evolve Bitcoin ETF (EBIT)
Evolve Bitcoin ETF (EBIT) is designed to track the performance of bitcoin, offering investors a straightforward way to invest in the digital currency. The fund is actively managed, allowing for adjustments to the investment strategy based on market conditions.
5. Purpose Ether ETF (ETHH)
Purpose Ether ETF (ETHH) is an ETF focused on ether, the native cryptocurrency of the Ethereum blockchain. The fund provides exposure to ether, which has gained popularity for its utility in decentralized applications and smart contracts.
6. CI Galaxy Ethereum ETF (ETHX)
CI Galaxy Ethereum ETF (ETHX) is managed by Galaxy Digital and offers investors exposure to ether, the second-largest cryptocurrency by market capitalization. The fund aims to capitalize on the growth potential of the Ethereum network and its various use cases.
7. 3iQ CoinShares Ether ETF (ETHQ)
3iQ CoinShares Ether ETF (ETHQ) caters to investors looking to gain exposure to ether through an ETF structure. The fund is designed to provide a convenient way to invest in ether while benefiting from the expertise of 3iQ and CoinShares in digital asset management.
8. Purpose Bitcoin ETF (BTCB)
Purpose Bitcoin ETF (BTCB) is a physically-backed bitcoin ETF, ensuring that each unit of the fund represents a specific amount of bitcoin held in cold storage. The fund allows investors to access the potential benefits of bitcoin without having to directly manage cryptocurrency holdings.
9. Harvest Portfolios Bitcoin ETF (HBIT)
Harvest Portfolios Bitcoin ETF (HBIT) offers exposure to the price movements of bitcoin through a passive investment strategy. The fund aims to mirror the performance of bitcoin by investing in a portfolio of bitcoin futures contracts.
10. Galaxy Bitcoin ETF (BTCG)
Galaxy Bitcoin ETF (BTCG) is managed by Galaxy Digital and focuses on providing exposure to bitcoin through an ETF structure. The fund is designed to track the price of bitcoin while offering liquidity and diversification benefits to investors.
11. Horizons Bitcoin ETF (BTCC.B)
Horizons Bitcoin ETF (BTCC.B) provides investors with exposure to bitcoin through an ETF structure. The fund aims to track the performance of bitcoin by investing in bitcoin futures contracts, offering a convenient way to access the cryptocurrency market.
12. Purpose Ethereum ETF (ETHB)
Purpose Ethereum ETF (ETHB) is dedicated to providing exposure to ether, the digital asset powering the Ethereum network. The fund allows investors to benefit from the growth of the Ethereum ecosystem through an ETF investment vehicle.
13. Horizons Ethereum ETF (ETHH.B)
Horizons Ethereum ETF (ETHH.B) is an ETF focused on ether, offering investors exposure to the digital currency through an efficient investment vehicle. The fund aims to track the price movements of ether while providing liquidity and transparency to investors.
In conclusion, Canadian crypto ETFs have gained popularity among investors looking to gain exposure to the digital asset market. With a variety of options available, investors have the flexibility to choose a fund that aligns with their investment objectives and risk tolerance. Whether seeking exposure to bitcoin or ether, Canadian crypto ETFs provide a convenient and regulated way to invest in the growing cryptocurrency space.