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The world of cryptocurrency has been gaining rapid traction in Canada, attracting both individual investors and institutions looking to tap into the potential of digital assets. As the popularity of cryptocurrencies continues to rise, investors are increasingly looking for ways to gain exposure to this market through Exchange-Traded Funds (ETFs).
In Canada, there are several ETF options available that allow investors to access a diversified portfolio of cryptocurrencies. These Canadian crypto ETFs offer a convenient and regulated way to invest in digital assets without the need to directly own and store them. Let’s take a closer look at 13 Canadian crypto ETFs that have been updated for 2024:
1. Purpose Bitcoin ETF (BTCC)
Throughout its existence, this ETF has been incredibly popular among investors. Its main goal is to track the performance of bitcoin by using institutional-grade custody solutions.
2. 3iQ CoinShares Bitcoin ETF (BTCQ)
This ETF aims to provide investors with direct exposure to bitcoin. It is structured as a closed-end fund, offering a safer investment option.
3. CI Galaxy Ethereum ETF (ETHX)
For investors seeking exposure to Ethereum, this ETF is a popular choice. It focuses on tracking the performance of Ethereum with a direct investment approach.
4. Accelerate Bitcoin ETF (ABTC)
This actively managed ETF is known for its unique approach in the cryptocurrency market. It provides investors with exposure to bitcoin while aiming to outperform its benchmark.
5. Evolve Bitcoin ETF (EBIT)
This ETF is another popular choice for investors interested in gaining exposure to bitcoin. It aims to track the performance of bitcoin by investing directly in the digital asset.
6. Horizons BetaPro Bitcoin ETF (HBIT)
With a focus on bitcoin, this ETF tracks the performance of the cryptocurrency and aims to provide investors with a simple and efficient way to invest in digital assets.
7. 3iQ CoinShares Global Cryptoasset ETF (GCAU)
This ETF offers exposure to a diversified portfolio of digital assets, including bitcoin and other cryptocurrencies. It provides investors with a way to access the broader cryptocurrency market.
8. CI Galaxy Bitcoin ETF (BTCX)
As one of the top-performing Canadian crypto ETFs, this ETF focuses on tracking the performance of bitcoin. It offers investors a regulated and secure way to invest in the digital asset.
9. Purpose Ether ETF (ETHH)
For investors looking to gain exposure to Ethereum, this ETF is a popular choice. It aims to track the performance of Ethereum by investing directly in the cryptocurrency.
10. 3iQ CoinShares Global Bitcoin ETF (BTCG)
This ETF provides investors with exposure to the global bitcoin market. It aims to track the performance of bitcoin while offering a secure and regulated investment option.
11. Evolve Ethereum ETF (ETHR)
Investors interested in Ethereum can consider this ETF, which focuses on tracking the performance of the digital asset. It provides a convenient and regulated way to invest in Ethereum.
12. CI Galaxy Bitcoin ETF (BTCG)
Among the updated Canadian crypto ETFs, this ETF offers investors exposure to bitcoin. It aims to track the performance of the digital asset by investing directly in bitcoin.
13. Purpose Bitcoin ETF (BTCC.U)
This ETF is dedicated to providing investors with exposure to bitcoin. It focuses on tracking the performance of bitcoin and offers a regulated investment option for those interested in the cryptocurrency.
In conclusion, the Canadian crypto ETF market continues to evolve to meet the growing demand for digital asset investments. These 13 Canadian crypto ETFs provide investors with a range of options to access the cryptocurrency market in a regulated and secure manner. As the cryptocurrency space matures, these ETFs offer opportunities for both seasoned and new investors to participate in this rapidly expanding market.