7 Best Bitcoin ETFs for Canadians

Jonathon Giles | September 4, 2023
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Canadian investor? Interested in Bitcoin? Look here! This article has the 7 best Bitcoin ETFs for Canadians. Don't miss out on this great chance! Easily add crypto exposure to your portfolio!

The top 7 best bitcoin ETFs for Canadian investors are:

1. Purpose Bitcoin ETF (BTCC)
2. Evolve Bitcoin ETF (EBIT)
3. CI Galaxy Bitcoin ETF (BTCX)
4. 3iQ CoinShares Bitcoin ETF (BTCQ)
5. Fidelity Advantage Bitcoin ETF (FBTC)
6. Emerge ARK Crypto Economy ETF (EGLX)
7. Horizons Blockchain Technology & Hardware Index ETF (BKCH)


1. Purpose Bitcoin ETF (BTCC)

Purpose Bitcoin ETF (BTCC) is one of the best Bitcoin ETFs for Canadians. It enables investors to profit from potential Bitcoin growth without actually owning it. BTCC trades on the Toronto Stock Exchange (TSX) like a regular stock, making it easy to access for Canadian investors. The fund holds Bitcoin as its underlying asset, and the value follows Bitcoin price movements.

What sets EBIT apart is its unique structure. Unlike other traditional investments, EBIT directly holds physical Bitcoins instead of futures contracts or derivatives. This gives investors direct exposure to the cryptocurrency, potentially allowing them to benefit from upside price movements.

Take Sarah for instance. She was interested in investing in Bitcoin but wary of the technicalities involved. When she found EBIT, she saw it as the ideal solution. By investing in EBIT, Sarah was able to gain exposure to Bitcoin without setting up wallets or managing private keys. She simply bought shares of EBIT through her brokerage account and could track her investment easily.

EBIT offers Canadians a straightforward way to invest in Bitcoin through a regulated and accessible vehicle like an ETF. Its innovative structure combines convenience and security, making it an attractive option for those looking to participate in the crypto market without being overwhelmed by technical intricacies.

2. Evolve Bitcoin ETF (EBIT)

CI Galaxy Bitcoin ETF (BTCX) is the perfect choice for Canadians wanting to soar in the Bitcoin market. Its innovative approach and stellar performance make it a standout option. BTCX gives investors a way to get in on the Bitcoin action without having to buy and store the cryptocurrency. Plus, active management means fund managers can rapidly respond to changing trends and capitalize on opportunities.

Investors also benefit from BTCX’s secure and regulated exchange. This gives peace of mind knowing their investments are in good hands and compliant with regulations. Further, BTCX has an impressive track record of delivering great returns. All this success can be credited to the expertise of its fund managers and their ability to handle the volatile nature of cryptocurrencies.

Overall, BTCX stands as an attractive option for Canadians wanting to get in on the Bitcoin upside while minimizing risk. With its innovative approach, active management style, and great track record, this ETF offers a unique opportunity to join the exciting world of cryptocurrencies.

3. CI Galaxy Bitcoin ETF (BTCX)

The 3iQ CoinShares Bitcoin ETF (BTCQ) is an attractive option for Canadian investors who want to venture into the crypto-sphere. This ETF enables indirect ownership of Bitcoin, the most famous digital currency, without the hassle of purchasing and storing it.

Like other exchange-traded funds, BTCQ allows you to buy shares that correspond to a portion of the fund's holdings. These shares are tradable on stock exchanges, providing convenience and liquidity.

The partnership between BTCQ and Galaxy Digital, a renowned crypto investment firm, benefits investors. This collaboration blends traditional financial markets and digital assets, ensuring that you get specialized knowledge.

Investing in BTCQ also gives you diversification benefits. The fund holds a diversified portfolio of Bitcoin and other digital assets, reducing concentration risk and potentially increasing returns.

Pro Tip: Before investing in any ETF, carefully research and understand its objectives, risks, and performance history. Consulting with a financial advisor can help you make informed decisions that suit your investment goals.

4. 3iQ CoinShares Bitcoin ETF (BTCQ)

Introducing the 3iQ CoinShares Bitcoin ETF (BTCQ), a top choice for Canadian investors wanting to dive into the world of cryptocurrency! BTCQ offers a convenient way to benefit from the potential of Bitcoin prices, without the hassle of storing and securing it.

Plus, investing in BTCQ has several advantages:

  1. Diversification, as the fund holds a basket of Bitcoin holdings, reducing risk compared to investing in a single cryptocurrency.
  2. Listed on major Canadian stock exchanges, accessible for both institutional and retail investors.
  3. Transparency, regularly disclosing its holdings.

BTCQ also has a unique active management strategy. Its managers monitor market trends and adjust the portfolio based on changing market conditions, aiming to capitalize on short-term price movements and boost returns for investors.

For Canadians wanting to get involved in Bitcoin, BTCQ is an exciting opportunity. With its convenience, diversification benefits, and active management strategy, BTCQ is perfect for those interested in tapping into the potential of cryptocurrency. Don't miss out on this chance to soar to new heights – explore BTCQ today! And, fear not – even grandma can pronounce it correctly – 'Bitcorn'!

5. Fidelity Advantage Bitcoin ETF (FBTC)

EGLX is the perfect way for Canadian investors to explore the world of crypto. It's secure and regulated, making it easy to get exposure to Bitcoin without having to worry about digital wallets and exchanges.

Plus, EGLX is powered by Fidelity, a globally recognized asset management firm. This offers unparalleled investment management expertise and robust security measures, so you can sleep soundly. Fidelity's record of strong returns? EGLX is set to benefit too.

It's also got a great fee structure. Compared to other Bitcoin ETFs in Canada, EGLX offers competitive fees to help you maximize your returns. Plus, there are tax-efficient structures within the ETF which can be a big help down the line.

And it doesn't stop there. Investing in EGLX is a breeze. You can buy or sell it through your brokerage account just like any other security on the Canadian stock exchange. So even if you're new to Bitcoin, EGLX is accessible and easy to use.

6. Emerge ARK Crypto Economy ETF (EGLX)

Take advantage of the crypto-craze with the Emerge ARK Crypto Economy ETF (EGLX)! This ETF is an excellent option for Canadian investors looking to venture into the world of Bitcoin. It focuses on investing in companies involved in the cryptocurrency industry, providing exposure to various aspects of this growing market.

EGLX offers investors a diverse range of businesses within the crypto space. It aims to provide long-term capital growth by investing in blockchain technology, digital payments, decentralized finance (DeFi), and other related sectors. This gives you the chance to capitalize on the potential of these emerging trends.

EGLX stands out due to its affiliation with ARK Invest; a renowned name in disruptive innovation. ARK Invest has a track record of identifying innovative technologies and investment opportunities before they become widely recognized. By offering access to their research and insights into the crypto economy, EGLX gives you the confidence to stay ahead of the curve.

Want to get in on the crypto trend? Investing in EGLX could be the perfect way to position yourself for potential long-term growth in the crypto economy. Don't miss out on this unique opportunity; add EGLX to your portfolio and join the evolving crypto landscape today!

7. Horizons Blockchain Technology & Hardware Index ETF (BKCH)

The Horizons Blockchain Technology & Hardware Index ETF (BKCH) is a top Bitcoin ETF for Canadians. This fund focuses on companies in the blockchain technology and hardware sector. It offers a way to diversify investment in the crypto industry.

Investing in BKCH gives exposure to a wide range of companies involved in blockchain innovation. These companies provide the infrastructure and hardware for cryptos to work. With this ETF, individuals can benefit from potential growth in the blockchain industry without having to choose individual stocks.

BKCH has a unique angle. It gives exposure to both established and emerging players in the blockchain sector. This diversified approach lets individuals benefit from potential growth while minimizing risk of investing only in startups or high-growth companies.

Before investing in BKCH, research and keep up with developments in the crypto market. Additionally, diversifying investments across multiple sectors and asset classes helps reduce risk.

In a nutshell, BKCH is a great option for Canadian investors who want to benefit from potential growth in the blockchain industry. By investing in this ETF, they get access to a diverse range of companies integral to the success of cryptos. It is essential to stay informed and diversify when making investment decisions in this ever-changing market.

What is a Bitcoin ETF?

A Bitcoin ETF is an Exchange-Traded Fund. It allows individuals to invest in Bitcoin without directly owning the cryptocurrency. It works like a traditional ETF but tracks the price of Bitcoin instead of stocks or bonds.

Investing in a Bitcoin ETF brings several advantages. It offers diversification, as the fund holds multiple Bitcoin investments. Since the funds are traded on stock exchanges, they offer liquidity. This gives investors flexibility and the ability to take advantage of short-term price fluctuations. Plus, investing in a Bitcoin ETF eliminates the need to set up wallets and manage private keys.

The Purpose Bitcoin ETF (BTCC) is one option for Canadian investors. It was approved by regulatory authorities in February 2021. BTCC tracks Bitcoin through futures contracts. The CI Galaxy Bitcoin ETF (BTCX) also provides exposure to Bitcoin through derivatives contracts.

The Evolve Funds Group has introduced The Evolve Bitcoin ETF (EBIT). It invests not only in Bitcoin but also in other cryptocurrencies like Ether (ETH) and Litecoin (LTC). This gives investors potential growth opportunities from various cryptocurrencies within a single fund.

It is important for Canadian investors to choose an ETF based on their individual investment goals and risk tolerance. They should look at management fees, trading volume, and regulatory approvals when making their decision. Key considerations when investing in Bitcoin ETFs: Beware of Ponzi schemes that promise too much!

Key Considerations When Investing in Bitcoin ETFs

When investing in Bitcoin ETFs, it's important to consider various aspects. Here are some things to keep an eye on:

  1. Liquidity: Look for ETFs with high trading volume and tight spreads. This'll make buying & selling easier.
  2. Expense Ratio: Compare the management fees of different ETFs. Choose a cost-effective option that fits your investment goals.
  3. Tracking Error: Consider the ETF's ability to track Bitcoin's performance. Low tracking error means better alignment with the underlying asset.
  4. Regulatory Environment: Understand how Bitcoin ETF regulations in Canada may affect your investment.
  5. Security & Custody: Examine the security protocols put in place by the ETF provider. This'll help protect your assets.

Additionally, diversification reduces risk when investing in Bitcoin ETFs. Spread your investments across different asset classes. This can help minimize losses & maximize returns.

Lastly, in September 2021, Purpose Bitcoin ETF (Ticker: BTCC) became the first approved Bitcoin ETF in Canada.

Frequently Asked Questions

1. What is a Bitcoin ETF?

A Bitcoin ETF, or Exchange-Traded Fund, is a type of investment fund that tracks the price of Bitcoin and allows investors to buy and sell shares on a stock exchange. It provides a convenient and regulated way for investors to gain exposure to Bitcoin without actually owning the cryptocurrency.


2. Are Bitcoin ETFs available to Canadians?


Yes, there are Bitcoin ETFs available to Canadians. In recent years, several companies have launched Bitcoin ETFs on Canadian stock exchanges, providing Canadian investors with an opportunity to invest in Bitcoin through traditional brokerage accounts.


3. What are some of the best Bitcoin ETFs for Canadians?


Some of the best Bitcoin ETFs for Canadians include Purpose Bitcoin ETF (BTCC), Evolve Bitcoin ETF (EBIT), and CI Galaxy Bitcoin ETF (BTCX). These ETFs have gained popularity among investors due to their competitive fees, liquidity, and ability to accurately track the performance of Bitcoin.


4. How do Bitcoin ETFs differ from owning Bitcoin directly?


Owning Bitcoin ETFs is different from owning Bitcoin directly in that investors do not hold the actual cryptocurrency. Instead, they hold shares of the ETF, which represent a proportional ownership of the underlying Bitcoin holdings. Bitcoin ETFs also provide a regulated and easily accessible investment vehicle compared to the complexities of owning and storing Bitcoin securely.


5. Are there any risks associated with investing in Bitcoin ETFs?


Like any investment, Bitcoin ETFs come with their own set of risks. The price of Bitcoin can be volatile, which can impact the value of the ETF shares. There are also regulatory risks and risks specific to the ETF structure itself. It's important for investors to thoroughly research and consider these risks before investing in Bitcoin ETFs.


6. How can Canadians invest in Bitcoin ETFs?


Canadians can invest in Bitcoin ETFs by opening a brokerage account with a reputable brokerage firm that offers access to Canadian stock exchanges. They can then search for Bitcoin ETFs using their trading platform and place buy orders for the desired ETF shares. It's important to consult with a financial advisor and understand the investment objectives and risks associated with Bitcoin ETFs before investing.