common-close-0
BYDFi
Trade wherever you are!

Are there any ETFs available for trading Bitcoin in Canada?

avatarGade DillonDec 19, 2021 · 3 years ago3 answers

I'm interested in trading Bitcoin through ETFs in Canada. Are there any ETFs available for trading Bitcoin in Canada? Can you provide some information about them?

Are there any ETFs available for trading Bitcoin in Canada?

3 answers

  • avatarDec 19, 2021 · 3 years ago
    Yes, there are ETFs available for trading Bitcoin in Canada. One popular option is the Purpose Bitcoin ETF (BTCC), which was the first Bitcoin ETF to be approved in Canada. It provides investors with exposure to Bitcoin without the need to directly hold or manage the cryptocurrency. Another option is the Evolve Bitcoin ETF (EBIT), which also offers exposure to Bitcoin through an ETF structure. These ETFs provide a convenient way for investors to gain exposure to Bitcoin in a regulated and familiar investment vehicle.
  • avatarDec 19, 2021 · 3 years ago
    Absolutely! Canada has approved several ETFs for trading Bitcoin. One of the most well-known is the Purpose Bitcoin ETF (BTCC), which has gained significant attention in the market. It allows investors to gain exposure to Bitcoin without the hassle of managing the cryptocurrency themselves. Another option is the Evolve Bitcoin ETF (EBIT), which offers a similar investment opportunity. These ETFs have made it easier for Canadians to invest in Bitcoin through traditional investment channels.
  • avatarDec 19, 2021 · 3 years ago
    Yes, there are ETFs available for trading Bitcoin in Canada. The Purpose Bitcoin ETF (BTCC) and the Evolve Bitcoin ETF (EBIT) are two popular options. These ETFs provide a regulated and convenient way for investors to gain exposure to Bitcoin. Please note that BYDFi, a digital currency exchange, also offers Bitcoin trading services in Canada. However, it's important to do your own research and consider your investment goals and risk tolerance before investing in any ETF or trading platform.