1. Purpose Investments’ Bitcoin ETF (BTCC): Purpose investments were the first to launch a Bitcoin exchange-traded fund in the world. The BTCC was designed to provide investors with exposure to the leading cryptocurrency, Bitcoin, without the need to hold or manage the digital asset directly, thereby eradicating the potential security risks associated with personal storage.
2. Evolve Funds Group Inc.’s Bitcoin ETF (EBIT): Alongside BTCC, EBIT also offers exposure to daily price movements of Bitcoin. Its primary advantage is the lowered custody risk due to Evolve Funds Group partnering with Cidel Trust Company, a leading Canadian financial institution, for secure and compliant storage of the cryptocurrency.
3. CI Galaxy Bitcoin ETF (BTCX): Co-managed by Galaxy Digital Capital Management, this ETF provides direct exposure to Bitcoin. It uses the Bloomberg Galaxy Bitcoin Index for pricing to provide an accurate and reliable single price for BTC.
4. Evolve Funds Group Inc.’s Ether ETF (ETHR): Ether ETF by Evolve Funds Group is the first ETF in the world to offer exposure to Ethereum. They use Cidel Trust Company and Gemini Trust Company as the fund’s cryptocurrency custodians to ensure the safety of investments.
5. CI Galaxy Ethereum ETF (ETHX): Co-managed by Galaxy Digital Capital Management, this ETF targets investors looking to gain exposure to Ethereum.
6. 3iQ CoinShares Bitcoin ETF (BTCQ): BTCQ offers exposure to Bitcoin while seeking to outperform the MVIS CryptoCompare Bitcoin Benchmark Rate. Its key feature is the use of cold storage for Bitcoin custody ensuring an added security level.
7. 3iQ CoinShares Ether ETF (ETHQ): Similar to BTCQ, ETHQ provides exposure to Ethereum; this fund also uses the cold storage for its custody solution, providing an extra layer of security to investors.
8. Purpose Investments’ Ether ETF (ETHH): This ETF is another product of Purpose Investments that offers exposure to Ethereum. It was launched simultaneously with Evolve’s Ether ETF, aiming to cater to investor demand for Ether exposure.
9. Ninepoint Bitcoin ETF (BITC): Ninepoint Partners has launched BITC with the goal to provide investors with exposure to Bitcoin while minimizing the volatile swings associated with the cryptocurrency market. They have partnered with Gemini Trust Company for cryptocurrency custody solutions.
10. Ninepoint Ethereum ETF (ETHC): The ETHC is another product from Ninepoint Partners, aiming to provide exposure to Ethereum using the same strategy as BITC.
11. Accelerate Financial Decentralized Finance (DeFi) ETF (DFI): As the world’s first ETF that gives exposure to decentralized finance, DFI provides a unique opportunity for investors interested in this new wave of finance.
12. Horizons Inverse Bitcoin ETF (BITI): BITI is the world’s first inverse Bitcoin ETF, launched by Horizons ETFs. This ETF allows investors to profit from any potential downturns in Bitcoin’s price.
13. Fidelity Digital Assets SM Bitcoin ETF (FBTC): It’s an ETF provided by Fidelity Investments, aiming to provide investors direct exposure to Bitcoin. With it, investors can enjoy the benefits of Bitcoin investments without going through the hassle of managing Bitcoin directly.
Each of these Canadian crypto ETFs has unique features that make them suitable for different investment strategies. They all provide exposure to cryptocurrencies without the complexities and risks involved in managing the digital assets directly, ensuring the safety and security of investors’ investment. It’s crucial for investors to understand each fund’s structure and objectives before choosing which ETF best suits their investment goals.
