Best Bitcoin ETFs To Buy In Canada For August 2025

Canada, one of the world’s most developed economies, has witnessed a surge in cryptocurrency adoption. So far in 2025, the crypto market has been reignited with renewed excitement and strong bullish sentiment. As Bitcoin continues to gain traction, an increasing number of savvy investors are turning their attention to this digital asset. While directly holding the digital asset is a popular option, there are also several other ways to invest in Bitcoin (BTC), including: investing in BTC stocks, BTC ETFs. In this article, we will introduces the second method for Canadian investors, Bitcoin (BTC) ETFs.

Unlike in many other countries, Bitcoin ETFs are not a new concept in Canada. The country made history in 2021 by becoming one of the first to approve spot Bitcoin ETFs, offering investors a regulated and convenient way to gain exposure to Bitcoin.

Next, we will explore more information about Bitcoin ETFs, like what is Bitcoin ETF? Which are best Bitcoin ETFs in Canada for this August? This guide aims to provide valuable insights to help you make informed investment decisions in the evolving Bitcoin market.

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Table of Contents

• What is a Bitcoin ETF?
• How Bitcoin ETFs Work?
• Types of Bitcoin ETFs
• Pros and Cons of Investing in Bitcoin ETFs
• Best Bitcoin ETFs In Canada For August 2025
• How to Buy Bitcoin ETFs in Canada?
• Conclusion
• FAQs About Bitcoin ETFs

What is a Bitcoin ETF?

Just like its name, a Bitcoin ETF represents a category of investment funds designed to track the price movements of Bitcoin without requiring investors to directly hold the digital asset. Instead, investors can purchase shares of these ETFs through traditional brokerage accounts, providing them with exposure to Bitcoin’s price fluctuations.

Bitcoin ETFs work as a bridge for traditional investors to get exposure to Bitcoin without the complexities of directly holding cryptocurrency. These financial instruments track the price of Bitcoin, enabling investors to buy and sell shares through conventional stock exchanges. The appeal of Bitcoin ETFs lies in their ability to provide a regulated, secure, and accessible investment avenue into the evolving world of cryptocurrencies.

Notably, a Bitcoin ETF has developed a rapidly expanding category among investors who favor the convenience and liquidity associated with direct investment through an ETF. The primary distinction between ETFs and the actual cryptocurrency lies in the fact that cryptocurrency necessitates a crypto wallet for trading, whereas ETFs are accessible to anyone possessing a stock account and can be traded at any time via stock trading platforms.

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How Bitcoin ETFs Work?

Cryptocurrency tokens are minted to represent the value of Bitcoin. The ETF then issues shares that reflect the amount of Bitcoin it holds, and these shares are traded on traditional stock exchanges such as the Toronto Stock Exchange (TSE) in Canada.

The Bitcoin ETF is designed to reflect the current market price of Bitcoin, tracking its price as closely as possible. Occasionally, the underlying tokens are bought or sold to rebalance the holdings. Financial institutions that offer spot Bitcoin ETFs create or redeem ETF shares based on market demand. They can also create or redeem shares in large quantities if the ETF is selling at a premium or discount compared to Bitcoin itself. This enables the ETF’s shares to more closely align with the actual price of Bitcoin on the cryptocurrency market.

Meanwhile, the Bitcoins that underlie the value of the ETF are held in a secure digital vault. These are purchased by a fund custodian from other holders or an approved cryptocurrency exchange. For investors, buying a spot Bitcoin ETF is similar to buying other ETFs and securities. If you wish to invest in a spot Bitcoin ETF in Canada, you can do so through a financial adviser or an online self-directed investment brokerage. Market makers constantly buy and sell Bitcoin ETFs on behalf of investors, which keeps the market liquid — meaning the price of Bitcoin ETFs fluctuates throughout the day. Both ETFs and mutual funds are pooled investments, but ETFs are traded in real time like a stock, while mutual fund orders are based on the day’s closing prices.

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Types of Bitcoin ETFs

While all Bitcoin ETFs share the common goal of providing exposure to Bitcoin, they can be categorized into three distinct types:

1. Physically backed. This is probably the simplest form of ETF for investors to get their heads around. In this instance, the ETF you invest in will buy Bitcoin on your behalf and store it for you, most often in an offline wallet.
2. Futures contracts. If you choose to buy a futures-backed ETF, you don’t actually own Bitcoin. Instead, the ETF provider is trading contracts that reflect Bitcoin’s price on your behalf. Should the price of Bitcoin increase, so will the next contract, lifting the price of what the ETF holds. The inverse is also true should the price of Bitcoin fall.
3. Picks and shovels. In this instance, you’re looking at companies that are mining Bitcoin. You are investing in the underlying tech instead of the outcome. Basically, you’re making money selling the picks and shovels instead of buying Bitcoin itself.

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Pros and Cons of Investing in Bitcoin ETFs

The best Bitcoin ETFs offer a easy and cheap way to buy and sell the cryptocurrency through an online broker rather than through the potentially riskier process of using a cryptocurrency exchange. However, just like any other investment method, investing Bitcoin ETFs also carries its own risks. Before investing in Bitcoin ETFs, you should be full aware of the advantages and disadvantages of this investment class, which is set as below:

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Best Bitcoin ETFs In Canada For August 2025

After introduce the basic knowledge about Bitcoin ETFs. Next, we will introduce four best Bitcoin ETFs in Canada for August 2025 based on our analysis.

CI Galaxy Bitcoin ETF

Launched in 2021, CI Galaxy Bitcoin ETF is an exchange-traded fund (ETF) designed to track the price performance of Bitcoin. CI Galaxy Bitcoin ETF is managed by CI Galaxy Digital Asset Management, a company focused on digital asset management and investment. The ETF provides a way to invest in Bitcoin without being directly involved in the trading and storage of Bitcoin, while providing some liquidity and price transparency.

CI Galaxy Bitcoin ETF is one of the best Bitcoin ETFs in Canada due to the lowest fees of 0.4% it charges. Aiming to give investors exposure to Bitcoin via an institutional-quality fund platform, the CI Galaxy Bitcoin ETF is one of the larger Bitcoin ETFs in Canada in terms of assets under management and is one of the best performing.

Purpose Bitcoin ETF

Launched in February 2021, the Purpose Bitcoin ETF is not only the first spot Bitcoin ETF in the world, but also owns the most assets under management at $2 billion. The Purpose Bitcoin ETF is a passively managed cryptocurrencies fund by Purpose Investments, who manage 69 other funds in Canada, with a total of $7,375.35 million in assets under management. The performance of its funds year-to-date is among the best on this list at 145.93% (FX hedged) and 148.49% (non-FX hedged). Its Management Expense Ratio (MER) is 1.49% and management fee is 1%.

Purpose Bitcoin ETF aims to provide a way for investors to invest in Bitcoin as if they were buying shares, without having to participate directly in the trading and storage of Bitcoin.

3iQ Coinshares Bitcoin ETF

Launched in 2021, the 3iQ CoinShares Bitcoin ETF tracks the price movement of Bitcoin in US dollar terms, and holds its Bitcoin assets in cold storage with no digital wallet required. This ETF comes with a management fee of 1%, which is relative higher. The 3iQ CoinShares Bitcoin ETF seeks to provide unit holders with (a) exposure to the digital currency Bitcoin and the daily price movements of the U.S. dollar price of Bitcoin, and (b) the opportunity for long-term capital appreciation by investing in long-term holdings of Bitcoin.

3iQ CoinShares Bitcoin ETF was launched to meet the growing investment demand for cryptocurrencies such as Bitcoin, while also providing investors with a more convenient and secure way to invest. By buying ETF shares, investors can enjoy the potential gains of the Bitcoin market while avoiding the risks that come with holding Bitcoin directly, such as storage security, price volatility, etc. Currently, 3iQ Coinshares Bitcoin ETF’s consensus rating is “Strong Sell” based on 0 analysts according to Zacks.

Fidelity Advantage Bitcoin ETF

Launched in November 2021, the Fidelity Advantage Bitcoin ETF is the newest Bitcoin fund compared with above-mentioned. The ETF is designed to provide investors with a convenient way to invest in Bitcoin without directly participating in the trading and storage of the cryptocurrency. By buying ETF shares, investors can indirectly gain exposure to Bitcoin and enjoy the potential appreciation of the Bitcoin market.

This ETF now charged the lowest management fee for a Bitcoin ETF in Canada. This comes after Fidelity Canada ULC announced they’d be cutting the fee from 0.44% to 0.39%, in an effort to compete with the lower fees of U.S.-listed spot Bitcoin ETFs. Besides, it has fewer assets under management than other Bitcoin ETFs listed in Canada.

Purpose Bitcoin Yield ETF

Launched  in 2021, the Evolve Bitcoin ETF (EBIT) is an exchange-traded fund that provides investors with exposure to Bitcoin. By getting exposure to Bitcoin, Canadian investors are allowed to hold Bitcoin in an indirect way. Purpose Bitcoin Yield ETF trades under three ticker symbols:

• BTCY.TO – priced in Canadian dollars but hedged against US dollar price fluctuations
• BTCY.B – priced in Canadian dollars, unhedged
• BTCY.U.TO – priced in US dollars

Notably, Purpose Bitcoin Yield ETF generates a yield, paying approximately 8% (this can vary significantly throughout the year). Like a dividend yield, this will vary based on the price of Bitcoin and the performance of the “covered calls”. If Canadian investors want income by investing in Bitcoin, Bitcoin Yield ETF  can be a viable choice.

Ninepoint Bitcoin ETF

Ninepoint Bitcoin ETF is an investment product offered by Ninepoint Partners LP, a Canadian alternative investment management company. The ETF is fairly small in terms of assets under management and comes with a substantially higher MER relative to its peers.

Ninepoint also offers the ETF in a US dollar version, allowing investors to add the fund to the US side of their portfolios. Ninepoint uses a portion of the fund’s management fee to offset the carbon produced by the Bitcoin held in the ETF.

Initially, the Ninepoint Bitcoin ETF aimed to provide investors with exposure to Bitcoin by investing primarily in the cryptocurrency itself. However, as market conditions changed, Ninepoint proposed a change in strategy to diversify the ETF’s holdings. This proposed change would involve investing in a diversified portfolio of stocks and stock-related securities related to Web3, blockchain, and other emerging technologies supporting digital assets.

Evolve Bitcoin ETF

Evolve Bitcoin ETF (EBIT) is a Bitcoin exchange-traded fund (ETF) launched by Evolve Funds Group. Evolve Bitcoin ETF received conditional approval from the Ontario Securities Commission (OSC) to trade on the Toronto Stock Exchange on February 17, 2023. As one of the most important bitcoin investment vehicles in the Canadian market, Evolve Bitcoin ETF provides investors with a convenient and efficient channel to invest in Bitcoin.

The Evolve Bitcoin ETF is the second Bitcoin ETF approved in Canada after Purpose Bitcoin ETF, further enriching the investment channels for Canadian investors to invest in Bitcoin. The Evolve Bitcoin ETF has performed quite well with a one-year return of 167.95% as of August 12, 2025. It also has the highest fees of any Bitcoin ETF on this list with a management fee of 0.75% and a whopping 2.17% management expense ratio. Therefore, despite the decent performance over the year, there are plenty of alternatives to invest in first.

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How to Buy Bitcoin ETFs in Canada?

Buying Bitcoin exchange-traded funds (Bitcoin ETFs) in Canada is a relatively straightforward process, you’ll need to follow these steps if you want to buy one of them:

1. Choose a broker
2. Open your account – which will require your ID
3. Fund your account by transferring money from your bank account to your broker account
4. Search for the Bitcoin ETF you want to buy, select it and invest

Besides,  when investing in Bitcoin ETFs in Canada, there are some important factors that investors need to consider, including:

• Understand the risks: Bitcoin ETFs carry a high level of investment risk, and investors need to fully understand their potential risks and market volatility.
• Compliance: When buying a Bitcoin ETF in Canada, make sure the platform or broker you choose is legally compliant and qualified to operate.
• Fees: Different platforms or brokers may have different transaction fees, management fees, etc., and investors need to carefully compare and choose cost-effective platforms.
• Taxes: When investing in a Bitcoin ETF in Canada, investors also need to pay attention to the relevant tax policies and regulations.

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Conclusion

In Canada, a country with wide acceptance of Bitcoin ETFs, investing in Bitcoin ETFs is not too difficult. After analysis, the best Bitcoin ETFs we list for Canadians to trade in August 2025 include CI Galaxy Bitcoin ETF, Purpose Bitcoin ETF, 3iQ Coinshares Bitcoin ETF, Fidelity Advantage Bitcoin ETF, Purpose Bitcoin Yield ETF, Evolve Bitcoin ETF and Ninepoint Bitcoin ETF.

Investing in Bitcoin ETFs offers a convenient and regulated way to gain exposure to the Bitcoin market, but it also comes with significant risks and uncertainties. Investors should carefully consider their risk tolerance, investment goals, and the potential benefits and drawbacks of investing in Bitcoin ETFs before making any investment decision regarding Bitcoin ETFs.

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FAQs About Bitcoin ETFs

Are Bitcoin ETFs a Good Investment in Canada?

All investments inherently entail a level of risk, yet the risk profile associated with Bitcoin ETFs stands exceptionally high, primarily attributed to the volatility inherent in Bitcoin. Consequently, investors ought to anticipate significant fluctuations in the share price of their Bitcoin ETF during the investment holding period. It is crucial to allocate only funds that you can comfortably afford to lose, as losses cannot be guaranteed to be avoided. Furthermore, it is highly advisable to consult with a qualified investment advisor prior to making any investment decisions, ensuring a well-informed and prudent approach to your investments.

How to Select the Best Bitcoin ETFs in Canada?

When selecting the best Bitcoin ETFs in Canada, there are several metrics that you need to consider, like fees, performance (one year), assets under management, investing strategy, etc.

Are Bitcoin ETFs Safe to Investment in Canada?

Investing in a Bitcoin ETF offers an alternative route to Bitcoin ownership without the direct involvement of managing a cryptocurrency wallet or navigating cryptocurrency exchanges, thereby mitigating certain risks and criminal threats such as hacking, theft, and unforeseen bankruptcies. Nevertheless, even large investment firms can find themselves in the crosshairs of potential risks. It is imperative to acknowledge that all investments, including those in cryptocurrencies like Bitcoin, are inherently risky and can exhibit extreme volatility. Therefore, no investor should allocate funds that exceed their risk tolerance or financial capacity to lose. Seeking the guidance of a financial advisor prior to making any investment decision remains a prudent and recommended practice.

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Why Choose BTCC?

In addition to invest in BTC and other cryptos through ETFs, interested investors can also directly participate in crypto trading through a reliable crypto exchange.  Selecting best cryptocurrency exchange is crucial for any investor trading digital assets, especially for newcomers.

For Canadian investors, we would introduce BTCC, one of the longest-running crypto exchanges in the world. Fully licensed and regulated in the U.S., Canada, and Europe, BTCC is a well-known cryptocurrency exchange, boasting an impeccable security track record since its establishment in 2011, with zero reported hacks or breaches. BTCC platform provides a diverse range of trading features, including demo trading, crypto copy trading, spot trading, as well as crypto futures trading with a leverage of up to 500x. If you want to engage in cryptocurrency trading in Canada, you can start by signing up for BTCC.

BTCC is among the best and safest platforms to trade cryptos in the world. The reasons why we introduce BTCC for you summarize as below:

• Industry-leading security
• High liquidity & volume
• Extremely low fees
• High and rich bonus
• Excellent customer service

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How to Trade Crypto Futures on BTCC?

BTCC supports trading for USDT- M Perpetual Futures contracts with a leverage of up to 500×, you can trade over 300 cryptocurrencies on BTCC at the most competitive price and highest security.

The following sets forth the step-by-step guidance for crypto futures trading on cryptocurrency exchange BTCC:

Step 1: Create a BTCC account

Step 2: Complete BTCC’s identity verification

Go back to the BTCC official homepage, choose “Futures” -“USDT-M Perpetual Futures Contract”, and find the crypto trading pair that you want to trade.

Then, choose the contract trading order type. Futures contract orders on BTCC platform include market orders, limit orders and SL/TP orders.

• Market Order: users place orders at the best price in the current market to achieve fast trading.
• Limit Order: Limit orders are a type of order to buy or sell futures at a price more favourable than the market price. When you buy at a price lower than the market price or sell at a price higher than the market price, the order will be in the form of a limit order.
• SL/TP Order: SL/TP orders are a type of order to buy or sell futures at a price less favourable than the market price. When you buy at a price higher than the market price or sell at a price lower than the market price, the order will be in the form of a SL/TP order.

Next, adjust the leverage multiple.

Please keep in mind that operating leverage carries the risk of liquidation. Leverage should be adjusted based on your financial status and risk tolerance.

Then, choose the lot size and set the SL/TP price. After setting the basic data information, users can choose to buy (open long) or sell (open short) after entering their ideal price. Traders should remind that the price cannot be higher or lower than the highest buying price or lowest selling price of the platform.

Finally, click the buy or sell button, and the crypto futures contract order is completed.

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BTCC Exchange FAQs

Is BTCC Legit?

Of course, with a long operation history of 14 years, BTCC boasts an impressive user base and a stellar track record. BTCC puts a strong emphasis on conducting business in various countries and regions under the premise of lawfulness and compliance. Currently, BTCC has obtained regulatory licences in a variety of countries.

Is BTCC Safe?

Since its foundation in 2011, BTCC has proven to be a safe crypto exchange as it has recorded no report of fraudulent activities involving the platform’s backend or users’ accounts. BTCC crypto trading platform lays great emphasis on security, which can be evidenced by implementing compulsory know-your-customer (KYC) and anti-money laundering (AML) policies. Besides, BTCC also provides added security measures like two-factor authentication (2FA) for actions like withdrawals.

Does BTCC Require KYC?

Yes, to strength  security and meets regulatory requirements, BTCC users must complete the Know Your Customer (KYC) procedure before using BTCC products. During this procedure, users are required to submit valid identification documents and a facial recognition scan.

Can Canadian Investors Trade Cryptos on BTCC?

Of course, BTCC is legit in Canada as it has already received a crypto licence issued by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). Canadian traders can log in BTCC to trade cryptos with highest security level and most competitive fee.

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