Canada has a well-earned reputation as a pioneer in developing low-cost exchange-traded funds, so it should be no surprise that it has established itself as the leader in the creation of cryptocurrency ETFs.
For many investors, crypto is a mysterious and unpredictable asset class, yet they want some exposure. Crypto proponents argue that bitcoin may be a better store of value than traditional currencies because there is a finite supply of coins. Soaring prices over the years tend to buttress that argument.
He doesn’t currently invest in crypto funds but did have a small equity holding in blockchain, the foundation technology for crypto assets. ETFs provide an easy way to dip a toe into investing in cyber currencies such as bitcoin or ethereum and tuck them into registered or non-registered portfolios. It’s touted to have a low correlation to traditional assets such as stocks, bonds and cash; however, it remains a volatile asset class.
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