Cryptocurrency ETFs

Buy and sell Crypto ETFs at TD Direct Investing. Be confident in your investment.

What are Crypto ETFs?

Cryptocurrency ETFs, or Crypto ETFs, can be a convenient way to invest in Cryptocurrency through your regular brokerage account, without the hassle of direct crypto ownership or storage. Like traditional ETFs, they're traded on stock exchanges, tracking the prices of cryptocurrencies, either individually or in a group.

Benefits of Crypto ETFs

  • Simple to trade

    Crypto ETFs can be traded with the same ease as buying and selling stocks.

  • TFSA and RRSP eligible

    Unlike direct cryptocurrency purchases, Crypto ETFs can be purchased in registered accounts.

  • Convenient

    Crypto ETFs remove the need for investors to manage their own crypto wallets or grappling with private and public keys.

Things to consider when investing in Crypto ETFs

Even with no direct ownership of cryptocurrency, Crypto ETFs are still subject to the volatility of the crypto markets. There is also a risk of tracking errors that come with owning ETFs as the ETF does not always replicate the exact return of the underlying asset.

NOTE Find out more about Investing in Cryptocurrency Exchange-Traded Funds (ETFs) and What is Cryptocurrency

Types of Crypto ETFs

  • Crypto Spot ETFs – Gaining direct exposure

    These ETFs track the price of a specific cryptocurrency through holding the actual coin – they can be ideal for investors who are looking for an easy way to invest in crypto, without the complexities of owning and storing the currency.

  • Crypto Futures ETFs – Seeing into the future

    Futures ETFs do not directly hold cryptocurrency within its fund – cryptocurrency prices are tracked through futures contracts, based on the speculation on the future price of the currency.

Discover more about Crypto ETFs

Like other traditional ETFs, Crypto ETFs can be bought and sold in all accounts available at TD Direct Investing. 

You can buy and sell Crypto ETFs with any TD Direct Investing account. If you don’t have an account, click here to open.
Learn more here.

Interest has risen in Bitcoin Spot ETFs thanks to a decision by the SEC. The SEC has granted approval to several firms that have planned to launch new Bitcoin Spot ETFs on major U.S. stock exchanges. 

• Crypto ETFs may offer lower risk than holding crypto directly, which means as there is no need for wallet storage, you do not need to worry about losing your private key to access your wallet and thus, your crypto holdings.

• Diversification - exposure to a variety of cryptocurrencies, with the potential to reduce the risk associated with investing in individual digital currencies

• Consolidate your investments in one place when you hold crypto ETFs.

• Registered accounts are eligible as you can buy crypto ETFs in your Tax-Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP).

With any investment there are risks, and crypto is no different. It can pose risks if a significant amount of your portfolio is invested in futures markets, or even if your ETF indirectly invests in crypto held by an investment firm. It’s important to thoroughly research all your potential investments, while considering your own personal risk profile along the way. Risks can include:

•Administration fees associated with ETFs.

•Potential for lack of transparency or inaccurate reflection of actual crypto prices.

•No actual ownership of crypto.

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  • 2

    Fund your account

    Transfer funds into your account with the online bill payment or funds transfer feature – or set up recurring deposits.

  • 3

    Start investing toward your goals

    Build your portfolio using ETFs, stocks, options, mutual funds, GICs, and more.

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