ETFs

Text

which bitcoin etf is best in canada

BTCC.U, the first North American Bitcoin ETF, provides investors with direct spot price exposure and high trading volume at a low expense ratio.

Oct 25, 2024 at 05:32 pm

Best Bitcoin ETFs in Canada

Bitcoin ETFs (exchange-traded funds) provide investors with exposure to the price of Bitcoin without having to directly own or store the cryptocurrency. They trade on regulated stock exchanges, offering liquidity, transparency, and ease of access. Here are the top Bitcoin ETFs available in Canada:

1. Purpose Bitcoin ETF (BTCC.U)

Issuer: Purpose Investments
Launch Date: February 2021
Expense Ratio: 1.00%

BTCC.U is the first Bitcoin ETF approved in North America, providing investors with direct exposure to Bitcoin's spot price. It offers a low expense ratio and high trading volume.

2. Evolve Bitcoin ETF (EBIT)

Issuer: Evolve Funds Group
Launch Date: March 2021
Expense Ratio: 0.75%

EBIT is an actively managed Bitcoin ETF that seeks to track the spot price of Bitcoin minus a management fee. It offers a lower expense ratio than BTCC.U and has seen strong trading volume.

3. CI Galaxy Bitcoin ETF (BTCX)

Issuer: CI Investments
Launch Date: April 2021
Expense Ratio: 0.40%

BTCX is a synthetic Bitcoin ETF that tracks Bitcoin's spot price through a swap contract with Galaxy Digital. It offers the lowest expense ratio among Canadian Bitcoin ETFs and provides exposure to Bitcoin without physical ownership.

4. Ninepoint Bitcoin ETF (BITC)

Issuer: Ninepoint Partners
Launch Date: June 2021
Expense Ratio: 0.70%

BITC is an actively managed Bitcoin ETF that invests in a basket of Bitcoin-related assets, including futures contracts, options, and derivatives. It provides diversification and seeks to reduce volatility compared to direct Bitcoin exposure.

5. Horizons Bitcoin ETF (HBIT)

Issuer: Horizons ETFs Management
Launch Date: January 2023
Expense Ratio: 0.65%

HBIT is a passively managed Bitcoin ETF that provides exposure to bitcoin's spot price. It is backed by physical bitcoin held in custody by BitGo.

Factors to Consider When Choosing a Bitcoin ETF

When selecting a Bitcoin ETF, investors should consider the following factors:

Expense Ratio: The annual fee that covers the fund's operating costs.
Trading Volume: The number of shares traded daily, which affects liquidity and bid-ask spreads.
Management Style: Active ETFs use leverage or derivatives to potentially enhance returns, while passive ETFs passively track the spot price of Bitcoin.
Investment Structure: Physical ETFs hold Bitcoin directly, while synthetic ETFs use derivatives to provide exposure.
Issuer Reputation: The experience and track record of the ETF issuer.

By carefully considering these factors, investors can choose the Bitcoin ETF that best aligns with their investment goals and preferences.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Fear & Greed Index

Trade Now

Biggest Gainers

SOLO

$0.5893

108.99%

Trade Now
GAME

$0.0062

44.22%

Trade Now
TAI

$0.1848

36.14%

Trade Now
FTT

$2.75

35.47%

Trade Now
CTXC

$0.4813

32.80%

Trade Now
ZEREBRO

$0.5118

31.93%

Trade Now

Latest Crypto News

Litecoin (LTC) Price Prediction: Will the Buyers Maintain Their Momentum and Target Higher Resistances?
2024-11-22 14:15:02
Can Neiro Top Its ATH? SHIB and Rollblock Pushing New Boundaries
2024-11-22 14:15:02
Ripple's XRP Token Surges 25% to Above $1.4 as SEC Chair Gary Gensler Announces His Exit
2024-11-22 14:25:01
How Dogecoin's Unexpected Shift Could Change Cryptocurrency Forever
2024-11-22 14:25:01
Solana Price Hits New ATH as Whales Accumulate: Can SOL Overtake Tether?
2024-11-22 14:25:01
Market Veteran Raoul Pal Predicts Dogecoin (DOGE) Could Be Poised for a Major Price Rally
2024-11-22 14:25:01

Related knowledge

What Is A Bitcoin ETF？

Oct 24,2024 at 10:13am

What is a Bitcoin ETF?A Bitcoin ETF, or exchange-traded fund, is a type of investment fund that tracks the price of Bitcoin. ETFs are traded on exchanges, just like stocks, and they allow investors to gain exposure to Bitcoin without having to buy the cryptocurrency itself.How do Bitcoin ETFs work?Bitcoin ETFs are typically created by investment firms t...

bitcoin etf with highest aum

Oct 23,2024 at 10:48pm

Top Bitcoin ETFs by Assets Under Management (AUM)1. Grayscale Bitcoin Trust (GBTC): $13.3 billion AUMLaunched in 2013, GBTC is the oldest and largest bitcoin ETF, providing accredited investors with exposure to bitcoin.2. Purpose Bitcoin ETF (BTCC.U): $1.6 billion AUMListed on the Toronto Stock Exchange in 2021, BTCC is the first physically-backed bitco...

what is the best etf to invest in bitcoin

Oct 31,2024 at 10:51pm

Invest in a Bitcoin ETFA Bitcoin ETF is an exchange-traded fund that tracks the price of Bitcoin. This is an easy way to invest in Bitcoin without having to buy and store the cryptocurrency yourself.Invest in a Bitcoin mutual fundA Bitcoin mutual fund is a mutual fund that invests in Bitcoin and other cryptocurrencies. This is another easy way to invest...

what does bitcoin etf mean for crypto

Nov 12,2024 at 09:15pm

What Does Bitcoin ETF Mean for Crypto?The launch of a Bitcoin exchange-traded fund (ETF) in the United States has been a significant milestone for the cryptocurrency industry. Here's what it means for crypto and the implications it carries:1. Increased Accessibility and Legitimacy:Bitcoin ETFs provide investors a regulated and familiar way to gain expos...

bitcoin etf benefits

Oct 22,2024 at 11:17pm

Bitcoin ETFs: Benefits and Considerations1. Enhanced Accessibility:Bitcoin ETFs enable investors to gain exposure to Bitcoin without the need for direct ownership, complex setup, or technical expertise. By investing in an ETF, investors can participate in the Bitcoin market with ease, diversification, and lower transaction costs compared to spot purchas...

bitcoin etf good or bad

Oct 23,2024 at 05:41am

Bitcoin ETF: A Comprehensive Analysis of Advantages and DisadvantagesWhat is a Bitcoin ETF?A Bitcoin exchange-traded fund (ETF) is an investment vehicle that allows investors to gain exposure to the price of Bitcoin without having to buy and store the cryptocurrency themselves. Bitcoin ETFs are traded on traditional stock exchanges, making them easily a...