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How to buy Purpose Crypto Opportunities ETF (CRYP)

Learn how to easily invest in CRYP, the Purpose Crypto Opportunities ETF.

Kylie Purcell's headshot
Stacie Hurst's headshot

By

Kylie Purcell

&

Stacie Hurst

Updated

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The Purpose Crypto Opportunities ETF (TSX:CRYP) has launched on Canada’s Toronto Stock Exchange (TSX). You’ll need a Canadian stock trading account to buy in.

How to buy the Purpose Crypto Opportunities ETF (CRYP)

  1. Compare online brokers. To invest in exchange traded funds (ETFs), you’ll need to sign up to an ETF broker platform. Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and SIN number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for the Purpose Crypto Opportunities ETF. Find the ETF by name or ticker symbol: CRYP. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until the Purpose Crypto Opportunities ETF reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today’s price, weigh your budget against a diversified portfolio that can minimize risk through the market’s ups and downs.
  6. Check in on your investment. Congratulations, you’ve invested in the Purpose Crypto Opportunities ETF. Optimize your portfolio by tracking how your ETF performs with an eye on the long term.

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What we know about CRYP ETF

The Purpose Crypto Opportunities ETF began trading on Tuesday November 30, 2021 in Canada under the ticker symbols TSX:CRYP, TSX:CRYP.B and TSX:CRYP.U. The CRYP.B fund is Canadian dollar denominated while the TSX:CRYP.U version is US dollar denominated. Neither option is currency hedged.

Launched by Purpose Investments and headed by CEO/founder Som Seif, the fund is designed to give investors exposure to the cryptocurrency market by investing in companies that produce chips, own trading platforms on which crypto is exchanged and/or have sizeable crypto holdings. This could include companies like NVidia, Coinbase, Robinhood or Tesla.

Unlike other crypto-related ETFs managed by Purpose, such as the Bitcoin Yield ETF (BTCY) and the Ether Yield ETF (ETHY), this fund will not pay out monthly dividends.

There are also several cryptocurrency funds available in Europe that behave similarly to ETFs. To check out other Bitcoin-related ETFs, check out our cryptocurrency ETF guide.

Compare brokers with access to the CRYP ETF on the TSX

1 - 6 of 6
Name Product Finder Rating Available Asset Types Stock Trading Fee Account Fee Signup Offer Table description
Interactive Brokers
Interactive Brokers
Finder Score:
★★★★★
4.2 / 5
Stocks, Bonds, Options, Index Funds, ETFs, Currencies, Futures
min $1.00, max 0.5%
$0
N/A
Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.
Go to siteView details
Moomoo Financial Canada
Moomoo Financial Canada
Finder Score:
★★★★★
3.9 / 5
Stocks, Options, ETFs
$0.014/stock
$0
Enjoy 6% cash rebate plus $2,200 in trading perks
Trade US stocks for up to 90% less and access free real time stock quotes and level 2 market data. T&C's Apply.
Go to siteView details
CIBC Investor's Edge
CIBC Investor's Edge
Finder Score:
★★★★★
3.7 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
$6.95
$0 if conditions met, or $100
N/A
An easy-to-use platform with access to a variety of tools to help you trade with confidence.
Go to siteView details
RBC Direct Investing
RBC Direct Investing
Finder Score:
★★★★★
3.8 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $9.95
$0 if conditions met, otherwise $25/quarter
N/A
Enjoy no minimum trading activity requirements and pay just $9.95 per trade or $6.95 if making 150 trades per quarter.
Go to siteView details
Questrade
Questrade
Finder Score:
★★★★★
3.9 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
$4.95 - $9.95
$0
N/A
Opt for self-directed investing and save on fees or get a pre-built portfolio to take out some of the guesswork.
Go to siteView details
Qtrade Direct Investing
Qtrade Direct Investing
Finder Score:
★★★★★
3.6 / 5
Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
$6.95 - $8.75
$0 if conditions met, otherwise $25/quarter
Get up to a $150 sign-up bonus. Use code OFFER2024. Ends October 31, 2024.
Low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options.
Go to siteView details
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How to invest in ETFs

To find out more about ETFs, you can head to our guide on how to invest in exchange traded funds or click on the video below.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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Kylie Purcell's headshot
Written by

Senior investments editor

Kylie Purcell is the senior investments editor at Finder. She has a background in business and finance news with previous roles at SBS, Your Money, TVNZ, Switzer Group and The Adviser magazine. Kylie has a Masters in International Journalism and a Graduate Diploma in Economics. When she's not writing about the markets you can find her bingeing on coffee. " See full bio

Stacie Hurst's headshot
Co-written by

Associate editor

Stacie Hurst is an editor at Finder, specializing in a wide range of topics including stock trading, money transfers, loans, banking products, online shopping and streaming. She has a Bachelor of Arts in Psychology and Writing, and she completed one year of law school in the United States before deciding to pursue a career in the publishing industry. When not working, Stacie can usually be found watching K-dramas or playing games with her friends and family. See full bio

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