What are the most popular Canadian ETFs for investing in cryptocurrencies?
GURUPRASATH M CCEDec 20, 2021 · 3 years ago3 answers
Can you recommend some popular Canadian ETFs that are suitable for investing in cryptocurrencies? I'm interested in diversifying my investment portfolio and would like to explore the option of investing in cryptocurrencies through ETFs. It would be great if you could provide some insights on the most popular Canadian ETFs in this space.
3 answers
- Dec 20, 2021 · 3 years agoSure! One popular Canadian ETF for investing in cryptocurrencies is the Purpose Bitcoin ETF (BTCC). It is the first and largest Bitcoin ETF in Canada and provides exposure to the price of Bitcoin without the need to directly hold the cryptocurrency. Another option is the Evolve Bitcoin ETF (EBIT), which also offers exposure to Bitcoin. Both of these ETFs have gained popularity among investors looking to invest in cryptocurrencies through a regulated and accessible vehicle.
- Dec 20, 2021 · 3 years agoDefinitely! If you're looking for Canadian ETFs to invest in cryptocurrencies, you should consider the CI Galaxy Bitcoin ETF (BTCX) and the 3iQ CoinShares Bitcoin ETF (BTCQ). These ETFs provide exposure to Bitcoin and have gained significant attention from investors. It's important to note that investing in cryptocurrencies through ETFs allows for easier diversification and reduces the risk associated with holding individual cryptocurrencies.
- Dec 20, 2021 · 3 years agoAbsolutely! One of the most popular Canadian ETFs for investing in cryptocurrencies is the Purpose Ether ETF (ETHH). This ETF provides exposure to Ether, the native cryptocurrency of the Ethereum network. It has gained traction among investors who believe in the potential of Ethereum and want to invest in the cryptocurrency without directly holding it. Additionally, the CI Galaxy Ethereum ETF (ETHX) is another option to consider for exposure to Ethereum.
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