Investing in Crypto with Active ETFs

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Purpose Investments’ new ETFs will trade on Canadian stock exchanges, making them slightly challenging for U.S. investors to purchase. While the SEC recently approved the first crypto-linked ETF, the agency is unlikely to approve actively managed ETFs with direct exposure to cryptocurrencies, at least in the near term.

In the meantime, investors have the option to buy one of many crypto-adjacent active ETFs holding stocks or those investing in cryptocurrency futures contracts like BITO, including:

  • Amplify Transformational Data Sharing ETF (BLOK)
  • First Trust SkyBridge Crypto Industry and Digital Economy ETF (CRPT)
  • Valkyrie Bitcoin Strategy ETF (BTF)

Investors can also purchase individual stocks with exposure to cryptocurrencies. For example, Riot Blockchain (RIOT) actively mines Bitcoin, and Marathon Digital Holdings (MARA) holds approximately 5,000 Bitcoins that it purchased. In addition, several OTC-listed companies also engage in mining Bitcoin and other altcoins.

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