Best Crypto ETFs in Canada Across Different Assets

The best crypto ETF Canada investors can access brings together the familiarity of traditional markets with the excitement of digital assets. Instead of setting up wallets or trading on exchanges like Binance or Bybit, many Canadians prefer regulated funds that track Bitcoin, Ethereum, or even broader blockchain themes directly through their brokerage accounts.

Canada’s first crypto ETF launched in February 2021 with the Purpose Bitcoin ETF, followed by the CI Galaxy Bitcoin ETF and Fidelity Advantage Bitcoin ETF. The market has since expanded to nearly three dozen products with billions in assets under management.

Interest in these products continues to rise as new funds enter the market and established names broaden their offerings. That said, let’s walk through the top crypto ETFs in Canada that are worth watching right now.

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Best Crypto ETFs in Canada

As I mentioned before, Canada kicked off the crypto ETF wave back in 2021 and hasn’t looked back since. Afterward, the country has established itself as a global precedent-setter^[1] by approving Bitcoin, Ethereum, and most recently, the first XRP ETF in 2025. For anyone hunting for the best crypto ETF in Canada, these milestones show that there's plenty of innovation and variety to explore.

Purpose Solana ETF

The Purpose Solana ETF brought a new chapter to the Canada crypto ETF market when it launched in April 2025 on the Toronto Stock Exchange. Approved by the Ontario Securities Commission (OSC), it marked the world’s first spot Solana ETF with native staking built into its structure.

Table: Purpose Solana ETF details

Unlike funds that only mirror Solana’s price, the Purpose Solana ETF holds SOL tokens directly. The assets are secured through institutional-grade cold storage while simultaneously supporting the Solana network through staking.

A partnership with TD Bank enables the staking process, ensuring rewards earned on-chain can be passed on to investors. Since Solana staking yields are generally higher than Ethereum’s, the structure could result in more substantial returns for long-term holders.

Key highlights include:

• First spot Solana ETF with staking available globally.
• Direct exposure to Solana’s market growth, combined with staking yield.
• Lower-cost and more convenient alternative to direct SOL ownership.

While the Purpose Solana ETF introduces innovative features like staking rewards, investors should remember that the fund’s performance still depends on Solana’s market volatility and the evolving dynamics of decentralized finance.

iShares Bitcoin ETF

The iShares Bitcoin ETF launched in January 2025 on Cboe Canada, marking BlackRock Asset Management’s first Canadian-listed Bitcoin fund.

Table: iShares Bitcoin ETF details

With net assets exceeding CAD 296 million and more than 6.3 million units outstanding, it has quickly become a strong contender in the conversation about the best crypto ETF in Canada. The fund targets investors seeking Bitcoin exposure through familiar brokerage accounts, eliminating the hurdles of direct wallet management or exchange accounts.

Unlike Canadian ETFs that hold Bitcoin directly, IBIT puts nearly all of its assets into the iShares Bitcoin Trust in the US. Since that trust stores Bitcoin in secure institutional-grade custody, you get access to the same structure without the hassle of setting up cross-border accounts.

The integration with tax-advantaged accounts such as TFSA and RRSP enhances the accessibility of Bitcoin investing. Investors can add Bitcoin exposure to their portfolios alongside stocks, bonds, and mutual funds, all under the BlackRock brand, which is globally recognized for its leadership in asset management.

Key highlights include:

• One of the newest entrants to the Canadian Bitcoin ETF market, launched in 2025.
• Assets under management of nearly CAD 300 million within its first year.
• 0.32% management fee, competitive with other large Canadian Bitcoin ETFs.
• Structure linked to the US-listed iShares Bitcoin Trust ETF.

BlackRock’s presence in the Canadian crypto ETF market strengthens the credibility of digital asset investing in the country. The iShares Bitcoin ETF provides a familiar entry point for investors who value simplicity, regulatory oversight, and access through standard brokerage platforms.

3iQ XRP ETF

The launch of the 3iQ XRP ETF marked a new milestone in the Canadian crypto ETF XRP market. Debuting on the Toronto Stock Exchange in June 2025, the fund quickly attracted strong investor interest.

As the first spot-based XRP ETF globally, XRPQ demonstrates Canada’s leadership in regulated crypto investment products. It surpassed CAD 23 million in assets within 72 hours and climbed to more than CAD 50 million shortly after.

Table: 3iQ XRP ETF details

XRPQ invests directly in long-term holdings of XRP, the native asset of the XRP Ledger. Assets are secured through cold storage custody with reputable digital asset platforms and OTC counterparties, reinforcing investor confidence in safety and transparency.

XRP itself has been one of the fastest-rising cryptocurrencies by adoption, driven by its transaction speed and very low fees. Since 2015, XRP’s price has grown exponentially, reflecting its increasing role in global payments and cross-border settlement.

Key highlights include:

• First spot XRP ETF globally, listed on the Toronto Stock Exchange.
• Competitive launch with 0% management fee for the first six months.
• Institutional-grade cold storage custody for maximum security.

The rapid adoption of XRPQ underscores both the institutional and retail demand for digital asset funds in Canada. Investors should weigh it against the volatility typical of digital assets, especially as the broader crypto regulatory environment continues to evolve.

Fidelity Advantage Bitcoin ETF

The Fidelity Advantage Bitcoin ETF has become one of the most trusted names in the Fidelity crypto ETF Canada landscape. Managed by Fidelity, a global asset manager with more than $5.8 trillion under management, FBTC provides direct exposure to Bitcoin within a regulated ETF framework.

Table: Fidelity Advantage Bitcoin ETF details

FBTC is designed as a passively managed Bitcoin ETF, giving investors access to the performance of the world’s largest cryptocurrency through traditional brokerage accounts.

Its custody model is fully managed by Fidelity’s in-house clearing and custody arm, providing an extra layer of confidence compared to third-party custodians. The ETF’s alternative mutual fund structure enables more flexible investment strategies than conventional funds, although the focus remains on long-term Bitcoin holdings.

The fund has experienced both extreme highs and lows that reflect the volatility of the Bitcoin market. Over a three-month period ending March 2024, it delivered a 72% return, which would have turned a $1,000 investment into $1,720.

Conversely, in June 2022, the fund recorded a negative 57.5% return, which would have reduced a $1,000 investment to $426. These swings underscore both the potential for strong gains and the high risk inherent in digital assets.

Key highlights include:

• Managed by Fidelity, one of the world’s largest asset managers with a decade of crypto experience.
• Institutional-grade custody through Fidelity Clearing Canada ULC.

• Registered account eligibility, including TFSA and RRSP.
• Fee reduction to 0.32% in January 2025, improving cost efficiency.

FBTC’s position as a Fidelity-managed ETF provides credibility and security for investors who want Bitcoin exposure under the guidance of an established institution. Investors should still weigh the risks tied to Bitcoin’s price volatility and regulatory developments before committing to long-term allocations.

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CI Galaxy Ethereum ETF

The CI Galaxy Ethereum ETF has become one of the most widely used ways to access Ethereum in Canada. Since its launch in April 2021, ETHX has grown into one of Canada's largest ETFs investing directly in Ether.

Table: CI Galaxy Ethereum ETF details

Managed through a collaboration between CI Global Asset Management and Galaxy Digital, it combines the regulatory strength of a traditional asset manager with blockchain-native expertise. Many investors consider it among the best crypto ETFs in Canada for gaining exposure to Ethereum due to its scale, liquidity, and relatively low fee structure.

In June 2025, CI GAM announced a proposal to introduce a staking strategy to ETHX, aiming to enhance returns by using a portion of the fund’s ETH holdings to earn staking rewards.

Since Ethereum operates on a proof-of-stake system, validators who lock up ETH to secure the network have the opportunity to generate additional tokens. By staking up to part of its holdings, ETHX could transform idle assets into a source of incremental returns.

Key highlights include:

• Managed by CI Global Asset Management, one of Canada’s most prominent firms serving retail and institutional investors.
• Spot Ethereum exposure with cold wallet custody.
• Competitive fee structure at 0.40%.

• Management expense ratio of 0.70%, balancing accessibility with institutional oversight.
• Potential staking integration to generate additional ETH rewards.

Overall, ETHX is designed for investors who want direct Ether exposure through a regulated ETF. Its structure enables participation in the performance of Ethereum, the blockchain that underpins much of decentralized finance and smart contract technology.

Evolve Solana ETF

The Evolve Solana ETF entered the Canada crypto ETF landscape as a low-cost gateway into Solana. Listed on the Toronto Stock Exchange, SOLA was built to track the daily price movements of Solana in USD terms with minimal tracking error.

Investors gain direct exposure through long-term holdings of SOL purchased via Coinbase and other reputable platforms, creating a regulated and accessible path to one of the fastest-growing blockchain networks.

Table: Evolve Solana ETF details

SOLA was launched with a fee structure designed to appeal to early adopters. By waiving management fees through the end of 2025, Evolve positioned the fund as a cost-effective entry point for investors eager to test crypto exposure in a regulated ETF wrapper. After January 2026, the management fee will be set at 1% plus applicable taxes.

The fund’s investment objective is straightforward:

Track Solana’s USD price while reducing tracking error through the creation and redemption processes that ETFs are designed around.

In practice, that means building a long-term position in Solana without speculation on short-term price swings. Evolve has also signaled the possibility of staking up to half of its Solana holdings in the future, subject to regulatory approval. If implemented, staking rewards would accrue back into the fund’s net asset value, adding an income component on top of price exposure.

Key benefits include:

• Initial fee waiver until December 31, 2025, with competitive costs at launch.
• Potential for future staking on up to 50% of held Solana, adding yield to price exposure.
• Regulated structure supported by a Canadian ETF issuer with experience in digital assets.

Although SOLA provides an efficient way to hold Solana within a traditional investment account, investors should be mindful of its high volatility rating and the newness of the product. The balance between price appreciation and staking potential will likely shape how this ETF performs in comparison with other crypto funds available in Canada.

📚 Read More: Best Crypto Assets for Staking

Purpose Bitcoin ETF

The Purpose Bitcoin ETF holds a unique place in history as Canada's first crypto ETF and also the first spot Bitcoin ETF in the world.

Table: Purpose Bitcoin ETF details

First launched on the Toronto Stock Exchange, it made an immediate impact by trading $165 million worth of shares on its first day. Within a month, assets under management surpassed $1 billion, underscoring the massive demand for Bitcoin exposure through a regulated and accessible vehicle.

As of writing, it continues to lead the sector with more than $3.2 billion in assets, providing investors with institutional-grade exposure to Bitcoin without the challenges of custody or private key management.

The Purpose Bitcoin ETF also provides investors with the option of a CAD-denominated, non-currency hedged version under BTCC.B or a USD-denominated version under BTCC.U. By August 2025, the fund has delivered returns of 18.59% for the FX-hedged class and 15.83% for the non-hedged class, reflecting both investor demand and Bitcoin’s broader price recovery.

Key highlights include:

• Canada's first crypto ETF and the world’s first spot Bitcoin ETF.
• Record-breaking debut with $165 million traded on the first day.
• Surpassed $1 billion in assets within one month of launch.
• One of the largest Bitcoin ETFs globally, with more than $3.2 billion in assets.

BTCC has established itself as one of the leading forces in this list of the best crypto ETFs in Canada, combining Bitcoin’s potential with the security and accessibility of an exchange-traded fund structure. Its success has paved the way for dozens of other crypto ETFs now available to Canadian investors.

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CI Galaxy Bitcoin ETF

The CI Galaxy Bitcoin ETF is one of the first spot Bitcoin ETFs to launch in the Canadian market and remains a strong contender in discussions about the best crypto ETF in Canada.

Table: CI Galaxy Bitcoin ETF details

BTCX.B was created through a partnership between CI Global Asset Management and Galaxy Fund Management, the asset management arm of Galaxy Digital. Galaxy Digital is a financial services firm deeply embedded in the digital asset and blockchain sectors, with a team of experienced institutional investors managing capital across traditional and alternative asset classes.

The ETF is structured as a passively managed ETF, designed to give Canadian investors access to Bitcoin price performance without directly holding the asset. Its relatively low management fee compared to other funds also makes it an appealing option for cost-conscious investors.

Key highlights include:

• One of the earliest spot Bitcoin ETFs launched in Canada.
• Competitive fee structure at 0.40% management fee and 0.69% MER.
• Eligible for Canadian registered accounts, including TFSA and RRSP.
• Backed by a team of professionals with strong institutional and blockchain experience.

CI Galaxy Bitcoin ETF continues to attract attention as one of the pioneering ETFs in the Canadian digital asset space, with its combination of strong institutional backing and competitive fees helping it remain a relevant choice for investors entering the crypto market.

Tax and Regulation of Crypto ETFs in Canada

Canada has built one of the most advanced regulatory environments for cryptocurrency exchange-traded funds. Crypto assets are treated as commodities, which means transactions are subject to capital gains tax.^[2] Half of the gains are taxable, applied at the investor’s marginal rate.

For example, if an investor purchased Bitcoin or a stock for $100 and sold it for $110, the taxable gain would be $10. At a marginal tax rate of 20%, the investor would owe $2 in tax.

The ability to use registered accounts, however, significantly changes the outcome. Holding crypto ETFs inside accounts such as the tax-free savings account (TFSA), registered retirement savings plan (RRSP), or first home savings account (FHSA) provides major tax benefits.

The different types of tax advantages can be summarized as follows:

• Tax-free growth. Gains in a TFSA or under qualifying conditions in an FHSA are completely exempt from capital gains tax. Investors can withdraw all growth without paying tax.
• Tax-sheltered growth. Gains inside an RRSP are tax-deferred, which means they are not taxed until funds are withdrawn. Contributions also reduce taxable income in the year they are made.

Crypto ETFs in Canada are eligible for inclusion in registered accounts, similar to stocks, mutual funds, and other ETFs. Direct ownership of coins such as Bitcoin or Ethereum is not possible inside these accounts, but ETFs provide compliant access.

Investor protection is reinforced through the Canadian Investor Protection Fund (CIPF), which works with member firms regulated by the Canadian Investment Regulatory Organization (CIRO). CIPF does not insure crypto assets directly, but crypto ETFs are covered if held through a member firm.

As Liz Jordan, CIPF’s manager of policy and communications, explains:

Investing in an ETF gives an investor ‘units’ or ‘shares’ in the fund. If the member firm holding ETF units or shares becomes insolvent, CIPF’s role is to ensure that the ETF units or shares being held by the CIRO member firm are returned to eligible clients, within certain limits.

The protection limits provided by CIPF are clearly defined and organized into three main categories of coverage:

• $1 million for all general accounts combined (TFSA, FHSA, cash accounts, margin accounts).
• $1 million for all retirement accounts combined (RRSP, RRIF, LIF).
• $1 million for all registered education savings plans (RESPs) combined.

The introduction of the FHSA in April 2023 expanded Canada’s retirement and savings landscape. The FHSA combines elements of the RRSP and TFSA to help Canadians purchase their first home. Contributions are tax-deductible, while investment income and withdrawals for a qualifying home purchase are tax-free.

Canada’s willingness to regulate and integrate crypto ETFs into existing tax-advantaged structures demonstrates a clear strategy of balancing investor protection with financial innovation.

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Conclusions

Choosing the best crypto ETF in Canada depends on what type of exposure an investor wants. Some ETFs focus solely on Bitcoin or Ethereum, while others diversify across blockchain companies or offer a mix of digital assets. The key is understanding how each fund aligns with your risk tolerance, investment horizon, and portfolio goals.

The landscape for Canada crypto ETFs continues to evolve as regulators and asset managers adapt to rising demand. Keeping track of new launches and management fee structures can help investors make informed decisions. Evaluating tax treatment between registered and non-registered accounts also plays an important role in deciding where to hold these products.

The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.

Scientific References

1. Ruggeri, E. K.: ‘Is the World Ready for a Cryptocurrency Standard?’;

2. Kusuma, A. C. D. C., Negara, T. A. S., Riana Susmayanti, R.: ‘Legal Framework for Regulation of Income Tax on Cryptocurrency Transactions Based on the Principle of Justice: Comparative Legal Study With Canada’.