6 Best Bitcoin ETFs in Canada for 2025: Reviewed & Compared

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Bitcoin, with a market capitalization exceeding $377 billion, remains the most dominant and widely recognized cryptocurrency globally. For Canadian investors, accessing Bitcoin exposure has evolved dramatically since early 2021 — when the country launched its first Bitcoin ETFs. Today, investors no longer need to manage private keys or navigate complex crypto exchanges to gain exposure. Instead, they can invest in regulated, exchange-traded funds (ETFs) that hold Bitcoin directly.

This guide reviews the 6 best Bitcoin ETFs in Canada available in 2025, comparing their fees, performance, tax advantages, and ease of access. Whether you're a beginner or a seasoned investor, this overview helps you make informed decisions about entering the Bitcoin market through secure, registered accounts.

Core Keywords

Why Invest in a Bitcoin ETF?

Investing in a Bitcoin ETF offers several advantages over direct cryptocurrency ownership:

However, there are trade-offs: management fees, lack of direct ownership, and potential tracking differences from spot Bitcoin prices.

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1. Purpose Bitcoin ETF (BTCC)

The Purpose Bitcoin ETF holds a historic distinction as the world’s first physically backed Bitcoin ETF. Since its debut on the Toronto Stock Exchange (TSX), it has grown steadily in assets under management and investor trust.

BTCC provides direct exposure to Bitcoin’s price movements and is available in multiple currency and hedging options, offering flexibility for both CAD and USD investors.

As of January 31, 2024, performance metrics were:

While returns since inception remain negative due to market volatility, the 1-year performance reflects strong recovery momentum.

How to Invest in BTCC

You can purchase BTCC through any major Canadian brokerage, including discount platforms like Wealthsimple Trade or Questrade. Commission-free trading options help reduce entry costs significantly.

2. 3iQ CoinShares Bitcoin ETF (BTCQ)

3iQ CoinShares Bitcoin ETF is one of the largest and fastest-growing Bitcoin ETFs in Canada. Backed by 3iQ — Canada’s leading digital asset manager — and CoinShares, a European leader in crypto investment products, BTCQ offers robust infrastructure and global expertise.

Notably, BTCQ reached $1 billion in AUM within just three weeks of launch — the fastest among Canadian Bitcoin ETFs.

Performance as of January 31, 2024:

Despite the long-term negative return, BTCQ has demonstrated strong recent performance and institutional confidence.

3. Ninepoint Bitcoin ETF (BITC)

The Ninepoint Bitcoin ETF distinguishes itself by emphasizing environmental responsibility. A portion of its management fee funds carbon offset programs, positioning BITC as a carbon-neutral way to invest in Bitcoin.

Though smaller in AUM compared to peers, BITC appeals to ESG-conscious investors seeking sustainable crypto exposure.

Performance as of January 31, 2024:

BITC is one of the few Bitcoin ETFs with positive lifetime returns, showcasing resilience during volatile periods.

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4. Evolve Bitcoin ETF (EBIT)

Launched just one day after Purpose’s BTCC, the Evolve Bitcoin ETF offers competitive fees and solid performance. It holds Bitcoin directly and is listed on the TSX with options for options trading via the Montreal Exchange.

Performance as of February 12, 2024:

EBIT delivered one of the highest one-year returns among Canadian Bitcoin ETFs, making it attractive for growth-focused investors.

5. CI Galaxy Bitcoin ETF (BTCX)

The CI Galaxy Bitcoin ETF stands out for its low-cost structure — the lowest management fee among major Canadian Bitcoin ETFs. Partnering with Galaxy Digital, CI offers institutional-grade custody and transparency.

With an MER cap of just 0.80%, BTCX is ideal for cost-sensitive investors who want efficient Bitcoin exposure.

Performance as of July 31, 2024:

BTCX combines affordability with strong performance, making it a top contender for long-term portfolios.

6. Purpose Bitcoin Yield ETF (BTCY)

The Purpose Bitcoin Yield ETF takes a unique approach: it generates income by writing covered call options on its Bitcoin holdings. This strategy aims to deliver monthly distributions with yields historically above 10%.

While more complex than pure spot-price trackers, BTCY suits income-seeking investors comfortable with moderate risk.

It’s important to note that yield comes at the cost of capped upside — if Bitcoin surges dramatically, gains may be limited due to the call options sold.

Frequently Asked Questions (FAQ)

Q: Are Bitcoin ETFs safer than buying Bitcoin directly?
A: Yes, for most retail investors. ETFs eliminate risks related to wallet security and private key management. Assets are held in regulated cold storage by professional custodians like Gemini.

Q: Can I hold Bitcoin ETFs in my TFSA or RRSP?
A: Absolutely. All major Canadian Bitcoin ETFs are TFSA and RRSP eligible, allowing tax-free or tax-deferred growth — a significant advantage over taxable crypto exchange accounts.

Q: Do Bitcoin ETFs track the actual price of Bitcoin?
A: Generally yes, but small tracking differences may occur due to fees and fund structure. Physically backed ETFs like BTCC and BTCQ closely mirror spot prices.

Q: Which Bitcoin ETF has the lowest fees?
A: CI Galaxy Bitcoin ETF (BTCX) leads with a management fee of just 0.40% and an MER capped at 0.80%.

Q: Is there an Ethereum ETF available in Canada?
A: Yes. Most providers offering Bitcoin ETFs also have Ether-based versions, such as Purpose Ether ETF and CI Galaxy Ether ETF.

Q: Can I withdraw Bitcoin from these ETFs?
A: No. Unlike crypto exchanges, you cannot withdraw physical Bitcoin from an ETF. You own shares in the fund, not the underlying asset.

How to Buy Bitcoin ETFs in Canada

Purchasing a Bitcoin ETF is as simple as buying any stock or ETF:

  1. Open a self-directed brokerage account (e.g., Questrade, Wealthsimple Trade).
  2. Deposit funds.
  3. Search for the ticker symbol (e.g., BTCC, BTCX).
  4. Place your buy order.

Many platforms offer commission-free trades on ETFs, reducing transaction costs significantly.

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Final Thoughts

Canadian investors now have multiple high-quality options for gaining regulated exposure to Bitcoin through ETFs. From low-cost leaders like CI Galaxy BTCX to innovative income-focused funds like Purpose BTCY, there's a product suited for every investment style.

While direct crypto ownership offers full control, Bitcoin ETFs provide convenience, safety, and integration with tax-advantaged accounts — making them ideal for mainstream investors.

As the market evolves, expect further innovation — including potential multi-asset crypto ETFs and enhanced yield strategies — solidifying Canada’s role as a leader in digital asset adoption.