#1: Evolve Funds Group Inc
Evolve Funds Group Inc, a Canadian company, launched the first Bitcoin ETF (EBIT) in North America in February 2021. The ETF’s goal is to provide investors exposure to the world’s largest cryptocurrency, Bitcoin, with the convenience and security of a traditional Exchange Traded Fund. EBIT directly holds Bitcoin on the balance sheet and aims to replicate the daily performance of the price of Bitcoin in Canadian dollars.
#2: Purpose Bitcoin ETF
Purpose Investments launched the world’s first physically-settled Bitcoin ETF named Purpose Bitcoin ETF (BTCC). Allowing investors to own Bitcoin without going through the cumbersome process of buying and storing it securely, BTCC allows access to Bitcoin’s price movements without the technical difficulties.
#3: CI Galaxy Bitcoin ETF
The CI Galaxy Bitcoin ETF (BTCX) sponsored by CI Global Asset Management, one of Canada’s leading asset managers, provides a low-cost, simple, and secure way to invest in Bitcoin. It gives its users exposure to Bitcoin and the ETF’s value reflects the price movements of this popular digital asset.
#4: 3iQ CoinShares Bitcoin ETF
A collaboration between 3iQ Corp and CoinShares, the 3iQ CoinShares Bitcoin ETF (BTCQ) offers investors another feasible way to participate in the Bitcoin market. 3iQ is the largest digital asset manager in Canada and CoinShares is Europe’s largest digital asset manager.
#5: Evolve Ether ETF
Not limiting their operations to Bitcoin, Evolve Funds Group launched the first Ether ETF (ETHR) in the world. This ETF is designed for the investor interested in Ethereum, the decentralised, open-source blockchain featuring smart contract functionality, considered the second-largest cryptocurrency by market capitalization after Bitcoin.
#6: Purpose Ether ETF
The Purpose Ether ETF (ETHH) is another innovation from Purpose Investments. Launched in April 2021, it offers direct exposure to physically-settled Ether coins, providing investors with an opportunity to get involved in the Ethereum market without owning or storing the digital asset themselves.
#7: CI Galaxy Ethereum ETF
The CI Galaxy Ethereum ETF (ETHX), launched by CI Global Asset Management, mirrors the daily price movements of Ethereum. Like its Bitcoin counterpart, it aims to offer a secure method for investors to gain exposure to Ether without the need to self-custody the digital asset.
#8: 3iQ CoinShares Ether ETF
3iQ, in partnership with CoinShares, also launched the 3iQ CoinShares Ether ETF (ETHQ). This Ethereum ETF exhibits the combined expertise of 3iQ, the largest digital asset investment fund manager in Canada, and CoinShares, the leading European digital asset manager.
#9: Ninepoint Bitcoin ETF
Launched by Ninepoint partners, a leading Canadian alternative investment management firm, the Ninepoint Bitcoin ETF provides a cost-effective way for investors to gain exposure to Bitcoin, offering benefits like liquidity, transparency, and tax efficiency.
#10: Horizons Inverse Bitcoin ETF
The Horizons Inverse Bitcoin ETF (BITI) from Horizon ETFs allows investors to take a bearish view on Bitcoin without selling it short. It’s designed to provide daily investment results that correlate to the inverse (opposite) of the daily performance of the Bitcoin price.
#11: Horizons BetaPro Bitcoin ETF
The Horizons BetaPro Bitcoin ETF (HBIT), also from Horizon ETFs, is designed to provide daily investment results that correspond to the Horizons Bitcoin Front Month Rolling Futures Index. This ETF enables investors to get exposure to the performance of a Bitcoin futures contract without the risk of owning and storing Bitcoin.
Each of these Canadian Cryptocurrency ETFs provides investors with varying degrees of exposure to the dynamic and rapidly evolving world of digital assets. However, like any investment, they come with risks, especially considering the volatility of the cryptocurrency market. Hence, it is always advisable for investors to research thoroughly before investing in these ETFs.