Bitcoin has revolutionized the financial landscape, and Canadian investors now have unprecedented access to this digital asset through Bitcoin ETFs. With Bitcoin's market cap exceeding $377 billion, it's the largest and most widely recognized cryptocurrency globally.
This guide explores the top Bitcoin ETFs available in Canada, their features, benefits, and how to invest in them efficiently.
Why Invest in Bitcoin ETFs?
Bitcoin ETFs provide several advantages over direct cryptocurrency purchases:
- Tax-Advantaged Accounts: Hold Bitcoin within TFSA or RRSP for tax-free growth.
- Security: Professional custody solutions minimize risks of theft or hacking.
- Convenience: Avoid the complexities of private keys and crypto wallets.
- Liquidity: Trade like traditional stocks on major exchanges.
👉 Start investing in Bitcoin ETFs today and diversify your portfolio with ease.
Top 6 Bitcoin ETFs in Canada (2025)
1. Purpose Bitcoin ETF (BTCC)
- Ticker: BTCC, BTCC.B (CAD hedged), BTCC.U (USD)
- Management Fee: 1.00%
- AUM: $2.16 billion
- Key Features: First global Bitcoin ETF, TSX-listed, cold-storage custody via Gemini.
Performance (Jan 2024):
| Period | FX Hedged | Non-FX Hedged | USD |
|---|---|---|---|
| YTD | 0.83% | -0.71% | 1.05% |
| 1-Year | 78.46% | 74.67% | 81.25% |
| Since Incept. | -7.04% | -19.43% | -13.88% |
2. 3iQ CoinShares Bitcoin ETF (BTCQ)
- Ticker: BTCQ (CAD), BTCQ.U (USD)
- Management Fee: 1.00%
- AUM: $3.5+ billion
- Key Features: Partnership with Europe’s largest digital asset manager, CoinShares.
Performance:
- 1-Year Return: 82%
- Since Inception: -31%
3. Ninepoint Bitcoin ETF (BITC)
- Ticker: BITC, BITC.U
- Management Fee: 0.70%
- AUM: $18.4 million
- Key Features: Carbon-neutral Bitcoin investing.
Performance:
- 1-Year Return: 57.60%
4. Evolve Bitcoin ETF (EBIT)
- Ticker: EBIT, EBIT.U
- Management Fee: 0.75%
- AUM: $152 million
- Key Features: Lower fees, TSX-listed.
Performance:
- 1-Year Return: 104.65%
5. CI Galaxy Bitcoin ETF (BTCX)
- Ticker: BTCX.B (CAD), BTCX.U (USD)
- Management Fee: 0.40% (lowest in Canada)
- AUM: $503 million
- Key Features: Managed by Galaxy Digital, MER capped at 0.80%.
Performance:
- 1-Year Return: 85.6%
6. Purpose Bitcoin Yield ETF (BTCY)
- Ticker: BTCY
- Management Fee: 1.10%
- AUM: $96 million
- Key Features: Covered-call strategy for yield (10%+).
How to Invest in Bitcoin ETFs
Self-Directed Brokerages:
- Wealthsimple Trade: Commission-free ETF trading.
- Questrade: Free ETF purchases; $4.95–$9.95 to sell.
Cryptocurrency Exchanges:
- Newton: Low spreads (0.50–0.70%).
- Shakepay: No trading fees; $10 sign-up bonus.
- Wealthsimple Crypto: 60+ supported cryptocurrencies.
👉 Compare crypto platforms here for the best rates.
Risks and Considerations
- Volatility: Bitcoin prices can swing dramatically.
- Fees: ETFs charge management fees (0.40–1.10%).
- Regulatory Risks: Crypto regulations are evolving.
FAQ
1. Are Bitcoin ETFs safe?
Yes. ETFs use regulated custodians (e.g., Gemini) and cold storage for security.
2. Can I hold Bitcoin ETFs in my TFSA?
Absolutely. All listed ETFs are TFSA/RRSP eligible.
3. What’s the cheapest Bitcoin ETF in Canada?
CI Galaxy Bitcoin ETF (BTCX) at 0.40% management fee.
4. Are there Ethereum ETFs?
Yes! Check out Ethereum ETFs in Canada for alternatives.
5. How do Bitcoin ETFs compare to buying crypto directly?
ETFs offer convenience but higher fees; direct purchases provide more control.
Final Thoughts
Canadian Bitcoin ETFs democratize access to cryptocurrency investments with security and tax advantages. Whether you choose low-fee options like BTCX or high-liquidity picks like BTCC, ensure alignment with your risk tolerance.
Explore more: Best Crypto ETFs in Canada for diversified exposure.