As blockchain technology evolves, the future of cryptocurrency in Canada is becoming increasingly popular. Exchanges and trading platforms dedicated to cryptocurrencies such as Bitcoin, Ethereum, and Ripple, are being more widely used and accepted. With the growing popularity of cryptocurrency, it has become easier for Canadians to make investments in the digital asset class. In this article, we will be discussing 11 Canadian cryptocurrency exchange-traded funds (ETFs) that may be of interest to investors.
The first Canadian cryptocurrency ETF is the Bitcoin ETF (BTCC). This ETF was launched in April 2020 and is listed on the Toronto Stock Exchange. The underlying asset of BTCC is the digital asset Bitcoin. It tracks the performance of the cryptocurrency and investors may choose to hold Bitcoin in their portfolio through BTCC.
The second Canadian cryptocurrency ETF is the Purpose Bitcoin ETF (BTCC.B). This ETF was launched in February 2021 and is also listed on the Toronto Stock Exchange. Much like its predecessor, BTCC.B has the same underlying asset, Bitcoin, and allows investors to hold the digital asset in their portfolio through the same ETF.
The third Canadian cryptocurrency ETF is the CI Galaxy Ethereum ETF (ETHX). This ETF was launched in May 2021 and is listed on the Toronto Stock Exchange. ETHX tracks the performance of Ethereum, a cryptocurrency with the second-highest market capitalization. Investors may choose to diversify their holdings with ETHX and hold Ethereum in their portfolio.
Continuing the list, the fourth Canadian cryptocurrency ETF is Evolve Bitcoin ETF (EBIT). This ETF was launched in April 2021 and is listed on the Toronto Stock Exchange. Once again, EBIT has an underlying asset of Bitcoin and offers investors exposure to the digital asset class through the same ETF.
Further down the list, the fifth Canadian cryptocurrency ETF is the Horizons Blockchain Technology & Hardware ETF (HWKR). This ETF was launched in March 2021 and is listed on the Toronto Stock Exchange. HWKR is actively managed and tracks the performance of the blockchain technology and hardware sector.
One of the more interesting ETFs in the list is the 6th Canadian cryptocurrency ETF, the Ninepoint U Why Not Ethereum ETF (YNOT). This ETF was launched in April 2021 and is listed on the Toronto Stock Exchange. YNOT tracks the performance of Ethereum, allowing investors to diversify their holdings with the same ETF.
The 7th Canadian cryptocurrency ETF is the Fidelity Bitcoin Index ETF (BITC). Launched in April 2021 and listed on the Toronto Stock Exchange, BITC tracks the performance of the Bitcoin index and allows investors to diversify their holdings with the same ETF.
Also making the list of 11 Canadian cryptocurrency ETFs is the 8th ETF, the First Trust Bitcoin Plus ETF (FBCO). FBCO was launched in April 2021 and is listed on the Toronto Stock Exchange. It tracks the performance of Bitcoin and various other cryptocurrencies, allowing investors to diversify their holdings with the same ETF.
The 9th Canadian cryptocurrency ETF in the list is the Purpose Ether ETF (ETHH). Launched in April 2021 and listed on the Toronto Stock Exchange, ETHH tracks the performance of Ethereum and offers investors exposure to the digital asset class through the same ETF.
The 10th ETF in the list is the Evolve Ethereum ETF (ETHE). Launched in January 2021 and listed on the Toronto Stock Exchange, ETHE tracks the performance of Ethereum and offers investors exposure to the digital asset class through the same ETF.
Last but not least is the 11th Canadian cryptocurrency ETF, the Maple Blockchain ETF (MHB). Launched in August 2020 and listed on the Toronto Stock Exchange, MHB is actively managed and tracks the performance of the blockchain technology and hardware sector, allowing investors to diversify their holdings with the same ETF.
In conclusion, these 11 Canadian cryptocurrency ETFs offer investors the opportunity to invest in the digital asset class without holding the underlying asset directly. Each ETF offers a different investment option depending on the asset class and investor’s needs, and can provide a platform to help investors gain exposure to the ever-expanding cryptocurrency market.
