Crypto ETF Stocks to Buy Before the New Year

Crypto ETF stocks continue to climb higher after the SEC decision in the U.S., so I’d pick these up before the new year brings new crypto ETFs.

| More on:

Crypto exchange-traded fund (ETF) stocks continue to dominate headlines after the Securities and Exchanges Commission (SEC) in the United States gave the green light in October. The news sent crypto ETF stocks climbing, and not just in the U.S. In fact, Canada already had several crypto ETF stocks that flew higher, with months if not more behind them of solid growth.

So today I’m going to look at three Canadian crypto ETF stocks I would consider before the New Year. Why before 2022? Bitcoin and other cryptocurrencies continue to climb higher. While it can be great if you can buy up a stock on a drop, if you’re a long-term holder it shouldn’t matter. As long as you have done your research and believe that cryptocurrency has a long, stable future over the next few decades, it’s always a good time to buy.

That being said, I wouldn’t want to wait much longer. There could be a massive rise in crypto ETF stocks with the holidays coming. More and more companies continue to add cryptocurrencies to their approved payment platforms. The more companies that come in, the higher the numbers will get. So I would consider these three right now, for the right price.

Purpose Bitcoin ETF

One of the first crypto ETF stocks to come on the scene was Purpose Bitcoin ETF (TSX:BTCC.B). It’s the perfect choice for those who want to invest in Bitcoin, but for a fraction of the price. Purpose uses its funds from investments to invest completely in Bitcoin. So as long as Bitcoin does well, Purpose will do well right alongside it.

And that’s what’s happened this last year. While shares continue to trade around where they were back when they came on the market, those shares also improved significantly after the drop in crypto during the summer. But now that crypto ETF stocks are on the U.S. market, Purpose has strong staying power.

Right now you can pick up Purpose for just $10.78 compared to the $70,000 and more for Bitcoin.

Blockchain Technologies ETF

If you want to invest in cryptocurrency but don’t know where to begin, then how about investing in what keeps crypto ETF stocks running? That would be blockchain, and therefore makes Blockchain Technologies ETF (TSX:HBLK) a perfect choice. The company holds a slew of blockchain technology companies in its ETF, both on the large-scale enterprise and stand-alone level.

Blockchain companies tend to be a bit cheaper than Blockchain ETF; however, it comes with more risk. Meanwhile, among crypto ETF stocks, this one is a winner thanks to the diversification Motley Fool investors get. This has led to stable growth, especially as the company continues to bring on more companies to its portfolio. The company recently announced its one of Canada’s best-performing blockchain ETFs thanks to the growth in cryptocurrency.

You can pick up Blockchain ETF for $27.50 as of writing, with shares up 45% year to date.

Evolve Cryptocurrencies ETF

Finally, if you want to invest in cryptocurrency directly but don’t know where to begin, then Evolve Cryptocurrencies ETF (TSX:ETC) is where I’d look. The company invests in several cryptocurrencies, allowing Motley Fool investors to take advantage of crypto ETF stocks in general, rather than just Bitcoin or Ethereum, for example.

The only thing with Evolve is that this particular ETF is pretty much brand new. It came on the market in September this year, just as crypto ETF stocks started to hear news of the SEC decision. Since then, the company’s shares continue to trade closely with Bitcoin and other cryptocurrency prices. So this is a great time to get in on the action before this and other crypto ETF stocks take off.

Motley Fool investors can pick up Evolve for $13.57 as of writing, up 22% since coming on the market in September.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

Fool contributor Amy Legate-Wolfe has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

More on Investing

tsx today
Stock Market

TSX Today: What to Watch for in Stocks on Thursday, November 7

After the rally driven by the U.S. presidential election results, TSX investors will shift their focus to the Fed’s interest…

Read more »

Middle aged man drinks coffee
Dividend Stocks

Is Brookfield Stock a Buy, Sell, or Hold for 2025?

BAM stock recently jumped after beating earnings. But is it still a buy, or is it better to wait?

Read more »

Make a choice, path to success, sign
Dividend Stocks

Is Fortis Stock a Buy for its Dividend Yield?

Fortis has increased the dividend for 51 consecutive years.

Read more »

oil and gas pipeline
Energy Stocks

Is TC Energy Stock a Good Buy?

TC Energy stock has a lot going for it, but there are also a few red flags to consider before…

Read more »

Electricity transmission towers with orange glowing wires against night sky
Dividend Stocks

3 Top Canadian Utility Stocks to Buy in November

Are you looking for some top Canadian utility stocks to own? Here's a look at three must-have options for any…

Read more »

View of high rise corporate buildings in the financial district of Toronto, Canada
Dividend Stocks

Is First Capital REIT a Buy for its 4.8% Yield?

First Capital is a REIT that offers you a tasty dividend yield of 4.8%. Is this TSX dividend stock a…

Read more »

TFSA (Tax free savings account) acronym on wooden cubes on the background of stacks of coins
Dividend Stocks

TFSA Passive Income: 3 Stocks to Buy and Never Sell

Stocks like Fortis Inc (TSX:FTS) are worth holding long term.

Read more »

Electricity transmission towers with orange glowing wires against night sky
Dividend Stocks

Canadian Utility Stocks to Buy Now for Stable Returns

Given their regulated business, falling interest rates, and healthy growth prospects, these three Canadian utility stocks are ideal for earning…

Read more »