While directly holding cryptocurrencies like Bitcoin and Ethereum is a popular option, investors looking for alternatives are clamoring for financial products such as crypto exchange-traded funds (ETFs).
Canada first launched Bitcoin and Ethereum ETFs in 2021. These Canadian Bitcoin and Ethereum ETFs allow investors to place returns in tax-sheltered accounts like tax-free savings accounts or registered retirement savings plans.
“There is a high demand for a Bitcoin product that has all the features that people love about ETFs — that they trade on an exchange, that they’re liquid,” Ross Mayfield, investment strategy analyst at Robert W. Baird & Co., told Bloomberg in mid-2021.
Interest has only increased since then. In the US, Bitcoin ETFs’ net assets surpassed US$100 billion in November 2024, gaining ground on US gold ETFs. Sean Farrell, head of digital asset strategy at Fundstrat, wrote in mid-2023 that the Bitcoin ETF category at large has the potential to surpass the precious metals ETF market in terms of asset value.
‘Bitcoin ETF eventually could become >$300 billion category,’ he said in the note.
Ethereum ETFs have also become a major talking point. Ethereum is the most widely used blockchain technology, and Ether, the digital currency of this platform, is the second largest cryptocurrency after Bitcoin.
In Q2 2025, Canadian ETF firms officially launched North America’s first Solana and XRP spot ETFs, offering investors exposure to the significant altcoins. The launch of XRP ETFs by Canadian firms comes amid increased clarity regarding XRP’s regulatory status in the US.
With that in mind, it’s worth taking a look at the currently available Canadian cryptocurrency ETFs.
The list below includes the biggest 15 crypto ETFs available on the Canadian market sorted by assets under management, and all data presented is current as of July 29, 2025.
1. Purpose Bitcoin ETF (TSX:BTCC)
Assets under management: C$1.66 billion
Billed as the world’s first physically settled Bitcoin ETF, the Purpose Bitcoin ETF launched in February 2021 and is backed by Bitcoin in cold storage. This means the fund allows investors to add and sell Bitcoin with no digital wallet required.
Hosted by Canadian investment company Purpose Investments, the Purpose Bitcoin ETF is backed by 21101.367791 Bitcoins and has a management expense ratio of 1.5 percent.
2. CI Galaxy Bitcoin ETF (TSX:BTCX.B)
Assets under management: C$1.44 billion
Launched in March 2021, the CI Galaxy Bitcoin ETF was born out of a partnership between cryptocurrency leaders Galaxy Fund Management and CI Global Asset Management. Galaxy Fund Management is part of Galaxy Digital, a diversified financial services firm with a focus on digital assets and the blockchain technology sector.
The ETF’s objective is to give investors exposure to Bitcoin via an institutional-quality fund platform, as its holdings are wholly Bitcoin and are kept in cold storage. At 0.4 percent, this fund boasts one of the lowest management fees of all the crypto funds on the market.
3. Fidelity Advantage Bitcoin ETF (TSX:FBTC)
Assets under management: C$1.43 billion
The Fidelity Advantage Bitcoin ETF, launched in November 2021. It offers the security of Fidelity’s in-house cold storage services for its holdings.
While it previously had a management fee of 0.39 percent, the Fidelity Advantage Bitcoin ETF lowered it in January 2025 to an ultra-low management fee of 0.32 percent.
4. CI Galaxy Ethereum ETF (TSX:ETHX.U)
Assets under management: C$693.52 million
The CI Galaxy Ethereum ETF, another collaboration between CI and Galaxy, offers investors exposure to the spot Ethereum price through Ether holdings in cold storage.
The fund launched on April 20, 2021, the same day as two of the other Ether ETFs on this list.
At the time, CI Global Asset Management suggested that “owning Ether is similar to owning a basket of early-stage, high-growth technology stocks.”
The CI Galaxy Ethereum ETF also has a notably low management fee of just 0.4 percent.
5. Evolve Bitcoin ETF (TSX:EBIT)
Assets under management: C$267.64 million
Evolve ETFs partnered with cryptocurrency experts, including Gemini Trust Company, CF Benchmarks, Cidel Bank & Trust and CIBC Mellon Global Services, to launch the Evolve Bitcoin ETF. The fund, which holds its own Bitcoin, has a management fee of 0.75 percent.
Launched a week after the Purpose Bitcoin ETF, its holdings of Bitcoin are priced based on the CME CF Bitcoin Reference Rate, a once-a-day benchmark index price for Bitcoin denominated in US dollars.
6. Purpose Ether ETF (TSX:ETHH)
Assets under management: C$235.71 million
The Purpose Ether ETF is a direct-custody Ether ETF that launched on April 20, 2021. This fund holds 95349.491491 Ether, which it stores in cold storage.
The Purpose Ether ETF offers investors exposure to the daily price movements of physically settled Ether tokens with a management fee of 1 percent.
7. 3iQ Solana Staking ETF (TSX:SOLQ)
Assets under management: C$203.25 million
The 3iQ Solana Staking ETF is designed to provide investors with a user-friendly and secure way to gain exposure to SOL and earn passive rewards through staking. Its launch quickly garnered significant assets under management and attracted investments from SkyBridge Capital and two of ARK Invest’s ETFs.
For the first 12 months after its April 16, 2025, launch, the ETF features a 0 percent management fee. After this initial period, the management fee will be 0.15 percent.
8. Purpose Bitcoin Yield ETF (TSX:BTCY)
Assets under management: C$130.48 million
The Purpose Bitcoin Yield ETF uses a covered call strategy to generate yield for investors, which involves writing call options on Bitcoin. Call options give the buyer an option to purchase an asset at a specific price on or before a specific date.
Its structure allows the fund to earn income from option premiums while providing investors with exposure to Bitcoin’s price movements. Its distributions are paid monthly.
9. Evolve Ether ETF (TSX:ETHR)
Assets under management: C$96.58 million
The Evolve Ether ETF offers investors an easier route to investing in Ether. The fund’s holdings of Ether are priced based on the CME CF Ether-Dollar Reference Rate, a once-a-day benchmark index price for Ether denominated in US dollars.
As with the Evolve Bitcoin ETF, the Evolve Ether ETF has a management fee of 0.75 percent.
10. Evolve Cryptocurrencies ETF (TSX:ETC)
Assets under management: C$86.15 million
The Evolve Cryptocurrencies ETF launched in September 2021 as the first multi-cryptocurrency ETF, providing combined exposure to both Bitcoin and Ether. Its holdings have since expanded to include XRP and Solana.
This product from Evolve ETFs allows investors to diversify their crypto portfolios and provides indirect exposure to the four coins, weighing them by market capitalization and rebalancing its holdings on a monthly basis. Bitcoin makes up the majority of its portfolio.
While this ETF has no management fee, the underlying funds that hold both Bitcoin and Ether have management fees of 0.75 percent plus applicable taxes.
11. Purpose Ether Yield ETF (TSX:ETHY)
Assets under management: C$78.98 million
Like the Purpose Bitcoin Yield ETF, the Purpose Ether Yield ETF offers investors an opportunity to invest in Ether while also generating yield. Purpose Investments lends a portion of its Ether holdings to institutional borrowers and earns interest on those loans.
Investors who purchase shares of this ETF receive a portion of the interest earned in monthly distributions.
12. Purpose XRP ETF (TSX:XRPP)
Assets under management: C$72.12 million
The Purpose XRP ETF started trading on the Toronto Stock Exchange on June 18, 2025, as part of the launch of Canada’s first XRP ETFs. The fund invests directly in XRP, offering investors access to the XRP spot price.
The new asset is offering a 0 percent management fee through February 2026, after which time it will have a management fee of 0.69 percent.
13. Fidelity Advantage Ether ETF (TSX:FETH)
Assets under management: C$71.59 million
Following the successful launch of its Bitcoin fund, Fidelity brought its Advantage Ether ETF to market in September 2022, making this the newest Ether ETF in Canada. Its holdings are stored in Fidelity’s in-house cold storage.
The Fidelity Advantage Ether ETF has a management fee of 0.4 percent.
14. Evolve XRP ETF (TSX:XRP)
Assets under management: C$50.28 million
The Evolve XRP ETF is passively managed, aiming to track the price of XRP without engaging in active trading strategies or derivatives overlays such as covered calls. Its goal is to provide straightforward exposure to XRP’s price movements.
The management fee for the Evolve XRP ETF is 0.75 percent. This was reduced from an initial 1.00 percent effective June 18, 2025, to make it more competitive.
15. Ninepoint Crypto and AI Leaders ETF (TSX:TKN)
Assets under management: C$34.73 million
Previously named the Ninepoint Web3 Innovators Fund, the Ninepoint Crypto and AI Leaders ETF aims to provide a more diversified exposure to the digital asset and emerging tech space compared to holding a single cryptocurrency.
Instead of investing directly in crypto assets like the other ETFs on this list, the fund invests in a diversified portfolio primarily focused on AI and crypto companies and crypto ETFs. Among its crypto ETF holdings, which make up 25 percent of its portfolio, are several of the Bitcoin, Ether and Solana ETFs on this list.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
