Cryptocurrency ETFs bundle crypto belongings right into a format simply accessible by traders who’re extra snug with mainstream funding belongings.
If you purchase Bitcoin ETFs or Ethereum ETFs, as an illustration, you acquire publicity to the underlying cryptocurrency (BTC or ETH) with out having to fret concerning the intricacies of chilly wallets or all the opposite custodial technicalities that include shopping for and holding these cash straight.
The primary crypto ETFs in North America had been launched in Canada and are traded on the Toronto Inventory Alternate.
Whereas a number of crypto ETFs are vying for approval in the USA, U.S. regulators are nonetheless on the fence concerning the dangers they pose to traders.
This text covers the 9 finest cryptocurrency ETFs you may personal in Canada.
Finest Canadian Crypto ETFs of 2025
Crypto ETFs are designed for traders who need publicity to cryptocurrency of their seek for long-term capital progress.
These funds are finest suited to people with higher-than-average threat tolerance.
Finest Bitcoin ETFs in Canada
The highest 4 Canadian Bitcoin ETFs are provided by:
- Objective Investments: Objective Bitcoin ETF (BTCC)
- Evolve Funds Group Inc: Evolve Bitcoin ETF (EBIT)
- CI International Asset Administration: CI Galaxy Bitcoin ETF (BTCX)
- 3iQ Corp: 3iQ CoinShares Bitcoin ETF (BTCQ)
There are two different more moderen Bitcoin ETFs: Ninepoint Bitcoin ETF (BITC) and Constancy Benefit Bitcoin ETF (FBTC).
1. Objective Bitcoin ETF
The Objective Bitcoin ETF (BTCC) was the world’s first Bitcoin ETF. It’s accessible in Canadian and U.S. {dollars} and likewise has a model that’s hedged towards overseas forex fluctuations.
Key information for BTCC as of January 9, 2025, are:
- Ticker: BTCC, BTCC.B, BTCC.U
- Inception date: February 11, 2021
- Belongings below administration (AUM): $3 billion
- Administration payment: 1.00%
- Itemizing forex: CAD and USD
Objective Investments buys bitcoin for the fund and retains 100% of its holdings in chilly storage.
BTCC will be bought in each registered and non-registered funding accounts.
The present administration payment is 1.00%, and the Administration Expense Ratio (MER) is capped at 1.50%.
BTCC and different crypto ETFs have a “excessive” threat ranking as they’re absolutely invested in a single digital asset and provide no diversification throughout cryptocurrencies basically.
The non-FX hedged ETF has had a 97.63% return over the past 1 yr, as of December 31, 2024.
You should buy BTCC (and the opposite ETFs) utilizing a no-commission brokerage account like Questrade.
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2. CI Galaxy Bitcoin ETF
The CI Galaxy Bitcoin ETF (BTCX) supplies publicity to Bitcoin and has one of many lowest administration charges for Bitcoin ETFs in Canada at 0.40% (MER is 0.80%).
Key information for BTCX as of January 9, 2025, embody:
- Ticker: BTCX.B; BTCX.U
- Inception: March 5, 2021
- AUM: $1.2 billion
- Administration payment: 0.40% (MER 0.80%)
- Itemizing forex CAD and USD
This fund will be purchased in taxable and registered funding accounts just like the RRSP and TFSA.
As per the corporate’s web site, the MER for BTCX is 0.80%. It’s up 140% over the past one yr as of December 31, 2024.
3. Evolve Bitcoin ETF
Evolve Bitcoin ETF (EBIT) is out there in CAD and USD. It makes use of the CME CF Bitcoin Reference Price for the benchmark index.
Fund particulars for EBIT as of January 9, 2025, are:
- Ticker: EBIT; EBIT.U
- Inception: February 17, 2021
- AUM: $270 million
- Administration payment: 0.75%
- Itemizing forex: CAD and USD
EBIT’s administration payment is 25 foundation factors decrease than BTCC’s at 0.75%. Additionally, its efficiency over the past yr was 139.49% as of December 31, 2024.
4. 3iQ Bitcoin ETF
The 3iQ Bitcoin ETF (BTCQ) is obtainable by 3iQ Corp in partnership with CoinShares. It’s also listed in Canadian and U.S. {dollars}.
Some key particulars for this ETF:
- Ticker: BTCQ; BTCQ.U
- Inception: March 31, 2021
- AUM: $340 million
- Administration payment: 1%
- Itemizing forex: CAD and USD
The MER for BTCQ is capped at 1.25%, and this fund can also be eligible for registered and non-registered accounts.
BTCQ’s return was 100% over the 1 yr interval ending October 31, 2024.
Finest Ethereum ETFs in Canada
The 4 funding corporations listed above additionally provide Ether ETFs as follows:
1. Objective Ether ETF
You may personal Ether and profit from its progress (assuming it does properly over time) by buying the Objective Ether ETF (ETHH).
Its particulars as of January 9, 2025, embody:
- Ticker: ETHH; ETHH.B; ETHH.U
- Inception: April 16, 2021
- AUM: $422 million
- Administration payment: 1.00%
- Itemizing forex: CAD and USD
The MER for ETHH is capped at 1.50%. This fund has had a 40.72% return over the past yr as of December 31, 2024.
All of the Ether ETFs in Canada are 100% invested in Ether, and the crypto is held in chilly storage.
2. CI Galaxy Ethereum
Much like its bitcoin ETF providing, the CI Galaxy Ethereum has the bottom administration payment at 0.40%. Its MER can also be not anticipated to surpass 0.95%.
ETHX.B particulars as of January 9, 2025, embody:
- Ticker: ETHX.B; ETHX.U
- Inception: April 16, 2021
- AUM: $575 million
- Administration payment: 0.40% (0.77% MER)
- Itemizing forex: CAD and USD
This ETF has had a 56.10% return over the past 1 yr (as of December 31, 2024).
3. Evolve Ether ETF
The Evolve Ether ETF (ETHR) was the CME CF Ether-Greenback Reference Price benchmark index and is out there in Canadian and U.S. {dollars} on the TSX.
It may also be traded utilizing choices on the Montréal Alternate:
ETHR particulars embody as of January 9, 2025:
- Ticker: ETHR; ETHR.U
- Inception: April 19, 2021
- AUM: $85 million
- Administration payment: 0.75%
- Itemizing forex: CAD and USD
This ETF has had a 54.88% return over the past 1 yr.
4. 3iQ Ether Staking ETF
The 3iQ Ether Staking ETF was the fourth Ether ETF authorised in 2021.
It’s listed on the TSX in each Canadian and U.S. {dollars} and has a administration payment of 1.00%, like Objective’s ETHH.
Key fund particulars for ETHQ as of January 9, 2025, embody:
- Ticker: ETHQ; ETHQ.U
- Inception: April 19, 2021
- AUM: $108 million
- Administration payment: 1.00%
- Itemizing forex: CAD and USD
This ETF has had a 39% return over the past 1 yr.
Bitcoin and Ethereum ETFs
A mixed Bitcoin and Ether ETF (ETC) was lately launched in Canada:
Evolve Cryptocurrencies ETF
Evolve’s Cryptocurrencies ETF is Canada’s first multi-cryptocurrency ETF. Key information for this fund as of January 9, 2025, are:
- Ticker: ETC
- Inception date: September 29, 2021
- AUM: $74 million
- Administration payment: 0% (0.75% for underlying ETFs)
- Itemizing forex: USD and CAD
ETC goals to show traders to the cryptocurrency markets by holding Bitcoin by way of EBIT (83.70%) and Ether by way of ETHR (16.32%).
Though ETC doesn’t have a administration payment, the MER charged by its constituent ETFs applies yearly (0.75%).
ETC had a return of 114.89% over the past 1 yr (as of December 31, 2024).
Crypto ETFs Defined
To this point, there are three broad kinds of crypto ETFs in Canada – Bitcoin, Ethereum, and Bitcoin+Ether ETFs.
These Alternate Traded Funds make investments straight within the precise crypto and maintain them in chilly storage.
Basically, whenever you buy a crypto ETF, you’re shopping for a digital asset, and the worth of your holdings will range primarily based on the efficiency of the underlying cryptocurrency.
Crypto ETFs aren’t the identical as blockchain ETFs that are ETFs with holdings in firms that develop or use blockchain applied sciences.
Like different ETFs, you should purchase a crypto ETF utilizing a brokerage account.
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How To Purchase Crypto ETFs in Canada
You should buy crypto ETFs on most Canadian brokerage platforms that supply inventory and ETF buying and selling.
Our best choice is Questrade.
Questrade: Crypto ETF purchases are free on Questrade. If you promote, you pay a low transaction payment. New purchasers who deposit at the very least $1,000 get $50 in free commerce credit. Get extra particulars on this evaluation.
Execs of Crypto ETFs
The cryptocurrency world continues to be shrouded in thriller, and it may be difficult for non-crypto fanatics to “separate the wheat from the chaff.”
What crypto ETFs do is that they add legitimacy to the most well-liked digital assets- Bitcoin and ETF by making them accessible by way of regulated channels.
Like conventional shares and ETFs, you should purchase crypto ETFs on an change utilizing brokerage platforms which are regulated by CIPF and IIROC.
If these brokerages had been to turn out to be bankrupt, your funds could be insured as much as $1 million.
Crypto ETFs additionally take away the necessity to take custody of the cash your self.
You don’t want to purchase a cryptocurrency chilly pockets like Ledger Nano X or Trezor, or fear about dropping your non-public keys.
The cryptocurrency trade is in its nascent phases. If authorities regulation doesn’t kill it and blockchain know-how and Decentralized Finance (DeFi) takes off, your investments may generate excellent returns.
If you happen to make cash whereas holding your crypto ETF in a tax-sheltered account (e.g. TFSA), these returns are tax-free or tax-deferred if held in an RRSP.
Crypto can present added diversification to your funding portfolio.
Cons of Crypto ETFs
Crypto belongings expertise vital value volatility and are unsuitable for traders with a low urge for food for threat.
Value drops of as much as 50% inside weeks are par for the course for these belongings.
The administration charges charged by these funds eat into your returns. For instance, BTCC will cost as much as a 1.50% Administration Expense Ratio. That is equal to $15 in charges per $1,000 funding per yr.
In case you are snug shopping for cryptocurrency straight, you need to use the most effective cryptocurrency buying and selling apps in Canada.
Be aware that direct crypto purchases additionally incur charges and have some downsides.
If you happen to determine later that you just’d slightly personal the bodily cryptocurrency and never the ETF, you may’t swap them 1:1 with out first promoting the ETF and triggering a taxable occasion.
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Blockchain Shares and ETFs
Blockchain ETFs present publicity to shares of firms that create, help, or use blockchain applied sciences.
The highest 5 blockchain ETFs are:
- Amplify Transformational Knowledge Sharing ETF (BLOK)
- Siren Nasdaq NexGen Financial system ETF (BLCN)
- First Belief Index Progressive Transaction & Course of ETF (LEGR)
- VanEck Vectors Digital Transformation ETF (DAPP)
- Capital Hyperlink NextGen Protocol ETF (KOIN)
Finest Canadian Crypto ETF FAQs
Based mostly on low administration charges, the most effective bitcoin ETF in Canada is the CI Galaxy Bitcoin ETF (BTCX).
The most effective Ether ETF in Canada is the CI Galaxy Ethereum ETF. It has the bottom administration payment at 0.40%.
There are 11+ Canadian cryptocurrency ETFs as of this writing.
No. There is no such thing as a Dogecoin ETF with a major funding within the Dogecoin token.
No, there isn’t any Vanguard Cryptocurrency ETF. That stated, Constancy Investments is among the corporations searching for approval from the SEC to launch a Bitcoin ETF within the U.S.
Associated: Finest Chilly Wallets in Canada.