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)
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.
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.
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.
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.
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.
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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This isn't an exhaustive list of all the trading platforms out there. What's best for you depends on your own investing strategy, budget and financial goals.
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.
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
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Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
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.
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Important information: Powered by Finder.com. This information is general in nature and is no substitute for professional advice. It does not take into account your personal situation. 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 most investors. You do not own or have any interest in the underlying asset. Capital is at risk, including the risk of losing more than the amount originally put in, market volatility and liquidity risks. Past performance is no guarantee of future results. Tax on profits may apply. Consider the Product Disclosure Statement and Target Market Determination for the product on the provider's website. Consider your own circumstances, including whether you can afford to take the high risk of losing your money and possess the relevant experience and knowledge. We recommend that you obtain independent advice from a suitably licensed financial advisor before making any trades.
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.
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Stacie Hurst is an editor at Finder, specializing in loans, banking, investing and money transfers. She has a Bachelor of Arts in Psychology and Writing, and she has completed FP Canada Institute's Financial Management Course. Before working in the publishing industry, Stacie completed one year of law school in the United States. When not working, she can usually be found watching K-dramas or playing games with her friends and family.
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