13 Canadian Crypto ETFs (Up to date 2024)

Property beneath administration: C$2.5 billion

Billed because the world’s first bodily settled Bitcoin ETF, the Goal Bitcoin ETF launched in February 2021 and is backed by Bitcoin in chilly storage. This implies the fund permits buyers so as to add and promote Bitcoin with no digital pockets required.

Hosted by Canadian funding firm Goal Investments, the Goal Bitcoin ETF is backed by 26,429.6 Bitcoins and has a administration expense ratio of 1 %.

Property beneath administration: C$829.06 million

Launched in March 2021, the CI Galaxy Bitcoin ETF was born out of a partnership between cryptocurrency leaders Galaxy Fund Administration and CI World Asset Administration. Galaxy Fund Administration is a part of Galaxy Digital, a diversified monetary companies agency with a give attention to digital property and the blockchain expertise sector.

The ETF’s goal is to present buyers publicity to Bitcoin through an institutional-quality fund platform, as its holdings are wholly Bitcoin and are saved in chilly storage. At 0.4 %, this fund boasts one of many lowest administration charges of all of the crypto funds in the marketplace.

Property beneath administration: C$575.6 million

The latest Bitcoin fund on this listing, the Constancy Benefit Bitcoin ETF, launched in November 2021. It affords the safety of Constancy’s in-house chilly storage companies for its holdings.

Whereas it beforehand had a administration charge of 0.4 %, in keeping with the CI and Galaxy funds, the Constancy Benefit Bitcoin ETF lowered it in January 2024 to an ultra-low administration charge of 0.39 %.

Property beneath administration: C$434.46 million

The CI Galaxy Ethereum ETF, one other collaboration between CI and Galaxy, affords buyers publicity to the spot Ethereum value by Ether holdings in chilly storage. The fund launched on April 20, 2021, the identical day as two of the opposite Ether ETFs on this listing.

On the time, CI World Asset Administration instructed that “proudly owning Ether is just like proudly owning a basket of early-stage, high-growth expertise shares.”

The CI Galaxy Ethereum ETF has notably low administration charges of simply 0.4 %.

Property beneath administration: C$350.6 million

The Goal Ether ETF is a direct-custody Ether ETF that launched on April 20, 2021. This fund holds 98,079.44 Ether, which it shops in chilly storage.

The Goal Ether ETF affords buyers publicity to the day by day value actions of bodily settled Ether tokens with a administration charge of 1 %.

Property beneath administration: C$246.24 million

Evolve ETFs partnered with cryptocurrency consultants, together with Gemini Belief Firm, CF Benchmarks, Cidel Financial institution & Belief and CIBC Mellon World Companies, to launch the Evolve Bitcoin ETF. The fund, which holds its personal Bitcoin, has a administration charge of 0.75 %.

Launched every week after the Goal Bitcoin ETF, its holdings of Bitcoin are priced primarily based on the CME CF Bitcoin Reference Fee, a once-a-day benchmark index value for Bitcoin denominated in US {dollars}.

Property beneath administration: US$223.62‪ million

Launched in March 2021, the 3iQ CoinShares Bitcoin ETF tracks the worth motion of Bitcoin in US greenback phrases, and holds its Bitcoin property in chilly storage. This ETF has a administration charge of 1 %. Figures for this ETF had been correct as of September 30, 2024, in keeping with the fund’s web site.

Property beneath administration: C$114.8 million

The Goal Bitcoin Yield ETF makes use of a coated name technique to generate yield for buyers, which entails writing name choices on Bitcoin. Name choices give the client an choice to buy an asset at a particular value on or earlier than a particular date.

Its construction permits the fund to earn earnings from possibility premiums whereas offering buyers with publicity to Bitcoin’s value actions. Its distributions are paid month-to-month.

Property beneath administration: C$74.32 million

The Evolve Ether ETF affords buyers a neater path to investing immediately in Ether. The fund’s holdings of Ether are priced primarily based on the CME CF Ether-Greenback Reference Fee, a once-a-day benchmark index value for Ether denominated in US {dollars}. As with the Evolve Bitcoin ETF, the Evolve Ether ETF has a administration charge of 0.75 %.

Property beneath administration: C$63 million

Just like the Goal Bitcoin Yield ETF, the Goal Ether Yield ETF affords buyers a chance to spend money on Ether whereas additionally producing yield. Goal Investments lends a portion of its Ether holdings to institutional debtors and earns curiosity on these loans.

Traders who buy shares of this ETF obtain a portion of the curiosity earned in month-to-month distributions.

Property beneath administration: C$‪54.5 million

Following the success of its Bitcoin ETF, 3iQ Digital Asset Administration launched its CoinShares Ether ETF in April 2021. This fund has the same goal, providing publicity to Ether and its day by day US greenback value actions. It additionally has a administration charge of 1 %.

Figures for this fund had been correct as of September 30, 2024, in keeping with the fund’s web site.

Property beneath administration: C$45.1 million

The Evolve Cryptocurrencies ETF launched in September 2021 as the primary multi-cryptocurrency ETF, offering mixed publicity to each Bitcoin and Ether.

This product from Evolve ETFs permits buyers to diversify their crypto portfolios and offers oblique publicity to the 2 cash, weighing them by market capitalization and rebalancing its holdings on a month-to-month foundation. Bitcoin makes up the vast majority of its portfolio.

Whereas this ETF has no administration charge, the underlying funds that maintain each Bitcoin and Ether have administration charges of 0.75 % plus relevant taxes.

Property beneath administration: C$20.7 million

Following the profitable launch of its Bitcoin fund, Constancy introduced its Benefit Ether ETF to market in September 2022, making this the latest Ether ETF in Canada. Its holdings are saved in Constancy’s in-house chilly storage.

The Constancy Benefit Ether ETF has a administration charge of 0.4 %.