Cryptocurrency Exchange-Traded Funds (ETFs) have gained significant traction in Canada over recent years, providing investors with alternative ways to gain exposure to digital assets. With numerous options available, it can be challenging to navigate the landscape of Canadian crypto ETFs. In this article, we will delve into 13 Canadian crypto ETFs that have been updated for 2024, highlighting their key features, investment strategies, and potential benefits for investors.
1. Purpose Bitcoin ETF (BTCC)
The Purpose Bitcoin ETF was the first-ever approved Bitcoin ETF in North America. It offers investors exposure to Bitcoin by investing directly in the digital asset. With its innovative structure, investors can gain direct exposure to Bitcoin without needing to manage private keys or digital wallets.
2. CI Galaxy Ethereum ETF (ETHX)
For investors looking to diversify beyond Bitcoin, the CI Galaxy Ethereum ETF provides exposure to Ethereum, the second-largest cryptocurrency by market capitalization. This ETF offers a convenient way to gain exposure to the potential growth of the Ethereum network and ecosystem.
3. 3iQ CoinShares Bitcoin ETF (BTCQ)
As one of the leading digital asset management firms, 3iQ offers the CoinShares Bitcoin ETF, which provides investors with exposure to Bitcoin through a physically backed structure. This ETF aims to track the performance of Bitcoin by holding the underlying asset.
4. Evolve Bitcoin ETF (EBIT)
The Evolve Bitcoin ETF is designed to provide investors with exposure to Bitcoin’s price movements. With a focus on accessibility and transparency, this ETF aims to track the performance of Bitcoin by investing in physically settled Bitcoin futures contracts.
5. Evolve Ether ETF (EETH)
In addition to its Bitcoin ETF, Evolve also offers the Ether ETF for investors seeking exposure to Ethereum. This ETF provides a straightforward way to invest in Ethereum without the complexities of owning and storing the digital asset directly.
6. 3iQ CoinShares Ether ETF (ETHQ)
Building on its expertise in digital asset management, 3iQ also offers the CoinShares Ether ETF, which provides investors with exposure to the price movements of Ethereum. This ETF aims to track the performance of Ethereum by holding the cryptocurrency directly.
7. Horizon Kinetic ETF (HKIN)
The Horizon Kinetic ETF is a unique offering in the Canadian crypto ETF space, focusing on a diversified portfolio of digital assets. This ETF employs an active management strategy to capture opportunities across various cryptocurrencies and blockchain projects.
8. Ether Capital Corporation (ETHC)
Ether Capital Corporation is a closed-end investment fund focused on investing in Ethereum and other digital assets. This investment vehicle offers exposure to the potential growth of Ethereum and the broader blockchain ecosystem.
9. Arxnovum Bitcoin ETF (BITX)
Arxnovum Bitcoin ETF is a newly launched ETF that provides exposure to Bitcoin through a physically backed structure. This ETF aims to track the performance of Bitcoin by holding the digital asset directly, offering investors a simple and efficient way to invest in Bitcoin.
10. Ninepoint Digital Bitcoin Trust Fund (BITC.U)
The Ninepoint Digital Bitcoin Trust Fund provides institutional and retail investors with exposure to Bitcoin through a closed-end investment fund structure. This trust fund aims to track the performance of Bitcoin over time, offering investors a long-term investment opportunity.
11. Ninepoint Digital Asset Fund (DIGI.U)
In addition to its Bitcoin Trust Fund, Ninepoint also offers the Digital Asset Fund, which provides exposure to a diversified portfolio of digital assets, including Bitcoin and Ethereum. This fund aims to capture opportunities across the digital asset space while managing risk effectively.
12. 3iQ CoinShares Diversified Crypto ETF (DIGI)
The 3iQ CoinShares Diversified Crypto ETF is a unique offering that provides investors with exposure to a diversified portfolio of digital assets, including Bitcoin, Ethereum, and other cryptocurrencies. This ETF aims to capture the potential growth of the digital asset market while reducing volatility through diversification.
13. Arxnovum Ether ETF (ETHE)
Completing the list of Canadian crypto ETFs is the Arxnovum Ether ETF, offering investors exposure to Ethereum through a physically backed structure. This ETF aims to track the performance of Ethereum by holding the digital asset directly, providing investors with a seamless way to invest in Ethereum.
In conclusion, the Canadian crypto ETF landscape offers a variety of options for investors looking to gain exposure to digital assets such as Bitcoin and Ethereum. Whether through physically backed structures, diversified portfolios, or closed-end investment funds, these ETFs provide convenient and efficient ways to invest in the growing cryptocurrency market. By understanding the key features and investment strategies of these 13 Canadian crypto ETFs, investors can make informed decisions to align with their investment goals and risk tolerance.
