Cryptocurrency has taken the financial world by storm in recent years, offering investors new ways to diversify their portfolios and potentially achieve significant returns. In Canada, the popularity of cryptocurrency exchange-traded funds (ETFs) is on the rise as investors seek exposure to this emerging asset class through regulated and diversified investment products. Let’s explore 13 Canadian crypto ETFs that have been updated for 2024.
1. **Purpose Bitcoin ETF (BTCC.TO)** – This ETF allows investors to gain exposure to Bitcoin, the largest cryptocurrency by market capitalization, through a physically-backed investment product. Purpose Bitcoin ETF provides investors with a convenient way to invest in Bitcoin without directly holding the digital asset.
2. **3iQ CoinShares Bitcoin ETF (BTCQ.TO)** – This ETF is designed to track the performance of Bitcoin by investing directly in the cryptocurrency. 3iQ CoinShares Bitcoin ETF offers investors a transparent and secure way to participate in the growth of the Bitcoin market.
3. **CI Galaxy Bitcoin ETF (BTCX.TO)** – CI Galaxy Bitcoin ETF provides investors with exposure to Bitcoin through a professionally managed investment fund. This ETF aims to provide investors with diversified exposure to Bitcoin while managing risk through active portfolio management.
4. **Accelerate Bitcoin ETF (ABTC.TO)** – Accelerate Bitcoin ETF is designed to provide investors with leveraged exposure to Bitcoin, offering the potential for enhanced returns. This ETF is suitable for investors looking to amplify their exposure to Bitcoin using leverage.
5. **Horizon’s BetaPro Bitcoin ETF (HBIT.TO)** – Horizon’s BetaPro Bitcoin ETF is a cost-effective way for investors to gain exposure to Bitcoin through a physically-backed investment product. This ETF provides investors with easy access to Bitcoin price movements without the need to hold the digital asset directly.
6. **CoinShares Physical Bitcoin ETF (BITC.TO)** – CoinShares Physical Bitcoin ETF offers investors exposure to Bitcoin by investing in physical Bitcoin. This ETF provides investors with a secure and transparent way to own Bitcoin through a regulated investment product.
7. **Purpose Ether ETF (ETHH.TO)** – Purpose Ether ETF allows investors to gain exposure to Ether, the native cryptocurrency of the Ethereum network. This ETF is suitable for investors looking to diversify their cryptocurrency holdings beyond Bitcoin.
8. **3iQ CoinShares Ether ETF (ETHQ.TO)** – 3iQ CoinShares Ether ETF provides investors with direct exposure to Ether, the second-largest cryptocurrency by market capitalization. This ETF offers investors a convenient way to invest in Ether without holding the digital asset.
9. **Purpose Bitcoin Cash ETF (BCHH.TO)** – Purpose Bitcoin Cash ETF offers investors exposure to Bitcoin Cash, a popular cryptocurrency known for its fast transaction speeds and lower fees. This ETF allows investors to diversify their cryptocurrency holdings with Bitcoin Cash.
10. **Horizon’s BetaPro Bitcoin Cash ETF (BHBC.TO)** – Horizon’s BetaPro Bitcoin Cash ETF provides investors with exposure to Bitcoin Cash through a cost-effective and transparent investment product. This ETF is designed to track the performance of Bitcoin Cash.
11. **Accelerate Bitcoin Cash ETF (ACHG.TO)** – Accelerate Bitcoin Cash ETF offers investors leveraged exposure to Bitcoin Cash, providing the potential for amplified returns. This ETF is suitable for investors seeking enhanced exposure to Bitcoin Cash.
12. **CoinShares Physical Bitcoin Cash ETF (BCHG.TO)** – CoinShares Physical Bitcoin Cash ETF allows investors to gain exposure to Bitcoin Cash through a physically-backed investment product. This ETF provides investors with a secure way to invest in Bitcoin Cash.
13. **Horizon’s BetaPro Inverse Bitcoin ETF (BITI.TO)** – Horizon’s BetaPro Inverse Bitcoin ETF is designed for investors seeking to profit from a decline in Bitcoin prices. This ETF offers inverse exposure to Bitcoin, allowing investors to hedge against potential losses in their cryptocurrency holdings.
In conclusion, Canadian crypto ETFs offer investors a convenient and regulated way to gain exposure to the cryptocurrency market. Whether investors are looking to invest in Bitcoin, Ethereum, Bitcoin Cash, or seek leveraged or inverse exposure, there are a variety of Canadian crypto ETFs available to meet their investment objectives. As the cryptocurrency market continues to evolve, these ETFs provide investors with diverse options to participate in this exciting asset class.
