Canadian investors have increasingly been exploring the world of cryptocurrency exchanges-traded funds (ETFs) as a way to gain exposure to the promising potential of digital assets. With the rapid evolution of the crypto market, it is crucial for investors to stay informed about the available options in the Canadian landscape. Here are 11 Canadian crypto ETFs that have been updated in 2024 to help investors navigate this dynamic environment.
1. **Purpose Bitcoin ETF (TSX: BTCC.B)**: As one of the first Bitcoin ETFs in Canada, this fund provides investors with exposure to Bitcoin without having to directly hold the digital asset.
2. **EvolvE Bitcoin ETF (TSX: LINK)**: EvolvE Bitcoin ETF offers a simple and cost-effective way for investors to gain exposure to Bitcoin’s price movements without holding the cryptocurrency itself.
3. **3iQ Bitcoin ETF (TSX: QBTC)**: This ETF offers investors a convenient way to gain exposure to Bitcoin through an investment vehicle traded on the Toronto Stock Exchange.
4. **Valkyrie Bitcoin ETF (TSX: BTF)**: Valkyrie Bitcoin ETF is designed to provide investors with a convenient way to invest in Bitcoin through a traditional brokerage account.
5. **CI Galaxy Bitcoin ETF (TSX: BTCX)**: CI Galaxy Bitcoin ETF aims to replicate the performance of Bitcoin and provide investors with a simpler way to invest in the digital asset.
6. **Horizon ETFs Physical Bitcoin ETF (TSX: BITCOIN-T)**: This ETF aims to provide investors with a secure and convenient way to invest in Bitcoin by holding the cryptocurrency in a secure storage facility.
7. **Accelerate Bitcoin ETF (TSX: ABTC)**: Accelerate Bitcoin ETF is designed to offer investors a liquid and cost-effective way to invest in Bitcoin through a transparent and investor-friendly structure.
8. **CoinShares Bitcoin ETF (TSX: BTCC)**: CoinShares Bitcoin ETF is designed to provide investors with exposure to the price of Bitcoin through a regulated investment vehicle on the Toronto Stock Exchange.
9. **First Trust Bitcoin ETF (TSX: FBTC)**: First Trust Bitcoin ETF aims to provide investors with a convenient and transparent way to invest in Bitcoin through an exchange-traded fund.
10. **Evolve Ethereum ETF (TSX: ETHR)**: Evolve Ethereum ETF offers investors exposure to the price of Ethereum, the second-largest cryptocurrency by market capitalization, through an exchange-traded fund.
11. **3iQ Ether ETF (TSX: QRTR)**: 3iQ Ether ETF provides investors with a regulated and convenient way to invest in Ethereum, the native cryptocurrency of the Ethereum blockchain.
These 11 Canadian crypto ETFs offer investors various options to gain exposure to the cryptocurrency market, each with its unique features and investment strategies. It is essential for investors to conduct thorough research and consider their investment goals and risk tolerance before investing in any crypto ETF. As the crypto market continues to evolve, staying informed and updated on these investment options is crucial for making informed investment decisions.