The rise of cryptocurrency ETFs has become an increasingly popular phenomenon in recent years, and Canada is no exception. Canadian investors have been taking advantage of these modern financial instruments to gain exposure to the enthralling crypto markets through regulated and transparent asset vehicles.
With that being said, here are eleven Canadian cryptocurrency ETFs to watch out for in 2021:
1. Purpose Investment’s Bitcoin ETF (TSX)
Purpose Investment, founded by Canadian investor Som Seif, is the only listed cryptocurrency ETF in the country. The ETF gives investors access to exposure of bitcoin when trading at the Toronto Stock Exchange. It initially began trading in February 2021 and has enjoyed steady performance since then.
2. Evolve’s Crypto Awareness ETF (TSE)
Evolve’s Crypto Awareness ETF, also listed on the Toronto Stock Exchange, is an index that tracks the performance of five leading cryptocurrencies (Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple). Nonetheless, it provides a cost-effective and convenient opportunity to gain exposure to the crypto markets.
3. CI Galaxy Bitcoin ETF (TSX)
CI Galaxy Bitcoin ETF, another Toronto Stock Exchange listed ETF, offers investors a diversified portfolio of digital assets and provides exposure to BITCOIN and other alternative cryptocurrency investments. It also features low Fees and no pre-funding requirements.
4. Ninepoint Alternative Crypto Currency Fund (TSX)
The Ninepoint Alternative Crypto Currency Fund is an actively managed ETF listed on the Toronto Stock Exchange. This ETF provides access to nine major cryptocurrencies and tracks current events to gain insights into volatile global markets.
5. Evolve’s Ethereum ETF (TSX)
Evolve’s Ethereum ETF is yet another ETF listed on the Toronto Stock Exchange. It provides access to a basket of Ethereum-based altcoins and has a lower management fee than other ETFs. It is also diversified across a variety of sectors, with a focus on blockchain technology.
6. Exo Capital Blockchain ETF (TSX)
The Exo Capital Blockchain ETF is yet another Toronto Stock Exchange listed ETF. This ETF tracks the performance of international blockchain companies and also tracks global indices designed to measure blockchain technology and development.
7. Horizons Blockchain Technology & Hardware Index ETF (TSX)
The Horizons Blockchain Technology & Hardware Index ETF (HBLK) is yet another important aim to consider. This ETF provides exposure to the booming blockchain technology and hardware industry and allows investors to track the performance of various blockchain investments.
8. Emerita Horizon Blockchain ETF (TSX)
The Emerita Horizon Blockchain ETF (HBLK) is yet another important ETF to consider. This ETF offers exposure to the blockchain industry by tracking over 30 major companies from across the globe with exposure to Blockchain-based technologies.
9. BetaShares Blockchain ETF (ASX)
BetaShares Blockchain ETF provides exposure to digital assets, blockchain technology and the Internet of Value. It is listed on the Australian Securities Exchange and provides diversified exposure to key companies related to the blockchain industry.
10. Horizons’ Blockchain Index ETF (TSX)
The Horizons’ Blockchain Index ETF (HBLK) is an important ETF to consider for Canadian investors who are looking to gain exposure to the cryptomarket in a robust and cost-effective manner. This ETF provides an effective means of tracking the performance of the leading blockchain related exchange traded funds in Canada.
11. CI Galaxy ETH Limited Edition ETF (TSX)
The CI Galaxy ETH Limited Edition ETF is the final ETF to consider in this article. This ETF provides exposure to Ethereum and other digital currencies and provides investors with diversified exposure to the world of cryptomarkets.
In conclusion, investors looking for an attractive ETF based on the growing cryptocurrencies or blockchain technology have a wide array of options. The ones discussed in this article are all listed on the Toronto Stock Exchange and provide exposure to the leading crypto markets. However, investors should always do their own due diligence and understand the risk/reward ratio of each ETF before deciding to invest.
