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If owning “physical” cryptocurrencies is a little too technical for you but you would still like to be involved in the marketplace, then consider buying one of the 31 non-inverse or short cryptocurrency futures or blockchain technology ETFs, mutual funds, or trusts trading on Canadian and American stock exchanges (see here).

The best of the 31 equities mentioned above are the following two ETFs that offer investors a way to gain exposure to Bitcoin through the futures market, namely:

• the VanEck Bitcoin Strategy ETF (XBTF); DOWN 11.5% MTD; UP 49.9% YTD
  • has a management fee of 0.65% or
• the Valkyrie Bitcoin Strategy ETF (BTF): DOWN 11.9% MTD; UP 46.4% YTD
  • has a management fee of 0.95%

In comparison, Bitcoin (BTC:USD) is DOWN 12.9% MTD and UP 55.7% YTD.
 

Inverse and Short Cryptocurrency ETFs

Investors also have the option of going long Bitcoin through managed future ETFs as well as playing the other side and betting against the cryptocurrency with one of the following ETFs:

• ProShares Short Bitcoin Strategy ETF (BITI)
  • It was launched on June 21st, 2022, and is designed to provide inverse exposure to the daily return of bitcoin, minus fees and costs.
  • It trades in futures contracts listed on the Chicago Mercantile Exchange, rather in than the “physical” currency itself.
  • Go here for chart of most recent pricing.
• Horizons BetaPro Inverse Bitcoin ETF (BITI.U)
  • It is designed to provide daily investment results through short investments in bitcoin futures that endeavor to correspond to the single inverse (opposite) performance of an index that replicates the returns generated over time through long notional investments in Bitcoin Futures.
  • It has a CUSIP number of 74347G291 (read about CUSIP numbers here)
  • Go here for chart of most recent pricing.
    • Please note that the Horizons BetaPro Inverse Bitcoin ETF (BITI.U) trades on the Canadian TSX in U.S. dollars as designated by the "U". If you are American and wish to buy it then provide your broker with the security's CUSIP number (Go here to read "Advice For Americans On Buying Cannabis Stocks Listed On Canadian Exchanges") to facilitate such a transaction.

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