Purpose Bitcoin ETF, the world’s first bitcoin ETF, kicked off with more than $590 million in assets under management after launching in February 2020. ETF. 2. While US institutional investors are able to invest in Canada’s first Bitcoin ETF, most US brokerages do not allow retail traders to buy ETFs from overseas exchanges. Best ETFs in Canada for 2021. Bitcoin-based exchange traded funds are getting the go-ahead from Canadian regulators, creating a path for a fund structure that investment managers say is unique in the industry. AuM ($) Expense Ratio (%) Spread (%) 3-Yr Performance. Score. The first exchange-traded fund tracking Bitcoin in North America begins trading in Toronto on Thursday, in a potential milestone moment for both the cryptocurrency and ETF industries. Ticker. Annual fee of 1%. ... Purpose’s new bitcoin ETF—the world’s first —was Dale’s Desert-Island Pick this year. According to the same study, 85% of Canadians are aware of Bitcoin. Bitcoin Market Journal has compiled a list of the best blockchain ETFs to make it as easy as possible for you to choose which exchange-traded fund could potentially be a good addition to your investment portfolio. In the first week of trading, the new exchange-traded fund managed to attract over $590 million in assets under management. Weekly LocalBitcoins volumes for the Canadian dollar shows that interest in Bitcoin has leveled off since the high prices of late 2017 and early 2018. Evolve Fund Group in Canada lowered the price on its Bitcoin ETF, ticker EBIT, to 0.75 per cent from 1 per cent, according to a statement. The company that issues the ETF owns a specified amount of each of the five currencies, and the ownership of these coins and tokens is divided into shares. In mid-2018, a study by the Currency Department of the Bank of Canada revealed that 58% of Canadians hold Bitcoin for investment purposes. I know not all of you are fans of crypto ETFs and funds, but it's pretty interesting that traditional players are starting to look beyond just Bitcoin. Purpose Investments Inc. said Canadian securities regulators have cleared the launch of the Purpose Bitcoin ETF, making it the first to gain regulatory approval in North America. Security Not Found. Launching April 20. Purpose Bitcoin exchange-traded fund launched in Canada last week is no surprise. The first exchange-traded fund tracking Bitcoin in North America begins trading in Toronto on Thursday. North America's first bitcoin ETF gets green light in Canada. The XYZ ETF is designed to track the performance of the world’s five biggest cryptocurrencies by market cap – Bitcoin, Ethereum, XRP, Bitcoin Cash and EOS. How popular is Bitcoin in Canada? PS: In case you don't know, we already had QETH in Canada but that is a close ended fund and not an ETF. Just a week after the first Bitcoin exchange-traded funds in North American started trading, the underdog firm just kicked off a fee war. The ETF carries a management fee of 1%. Photo by Ozan Kose/AFP via Getty Images files Article content.