How to invest in the BTCX Bitcoin ETF

To buy the BTCX ETF, you'll first need to sign up to a broker with access to the Toronto Stock Exchange.

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The CI Galaxy Bitcoin ETF (TSX:BTCX) has officially launched on Canada’s Toronto Stock Exchange (TSX). This means you can now buy units in the ETF through a global stock broker or online share trading platform.

How to buy the BTCX ETF

  1. Compare online brokers. To invest in exchange traded funds (ETFs), you’ll need to sign up to an ETF broker platform. Our table below can help you choose.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, such as your ID and SIN number. Fund your account with a bank transfer, PayPal or debit card.
  3. Search for the CI Galaxy Bitcoin ETF. Find the ETF by name or ticker symbol: BTCX. Research its history to confirm it’s a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until the CI Galaxy Bitcoin ETF reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At today’s price, weigh your budget against a diversified portfolio that can minimize risk through the market’s ups and downs.
  6. Check in on your investment. Congratulations, you’ve invested in the CI Galaxy Bitcoin ETF. Optimize your portfolio by tracking how your ETF performs with an eye on the long term.

Best for Beginners

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Easy to use app
  • 100 free trades signup offer
  • Easy-to-use platform
  • Low fees
  • Student and young investor discounts

Best Overall

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Low margin rates
  • Access to international stock exchanges
  • Low margin rates
  • Powerful research tools

Best for Low Fees

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CA & US trading
  • 6% cash rebate plus $2,200 in trading perks
  • Low transaction fees
  • Easy-to-use app

What we know about BTCX ETF

The CI Galaxy Bitcoin ETF (“BTCX”) began trading on March 9th, 2021 on the TSX. Launched by CI Global Asset Management in partnership with Galaxy Fund Management, the fund provides an additional way to invest in bitcoin.

According to the press release on CI’s website, the CI Galaxy Bitcoin ETF has the lowest management fee of any bitcoin ETF and the lowest published MER cap at 0.95%. It trades on the Toronto Stock Exchange under the tickers BTCX.B (Canadian dollar denominated) and BTCX.U (US dollar denominated).

There are several cryptocurrency funds available in Europe that behave similarly to ETFs. To check out other Bitcoin-related ETFs, check out our cryptocurrency ETF guide.

Compare brokers with access to the BTCX ETF on the TSX

    1 - 6 of 6
    Product CAFST Finder Score Available Asset Types Account Types Stock Trading Fee Account Fee Offer
    Interactive Brokers
    Interactive Brokers logo
    Finder Score
    8.8 Great
    Stocks, Bonds, Options, Index Funds, ETFs, Forex, Currencies, Futures
    RRSP, TFSA, Personal, Joint
    min $1.00, max 0.5%
    $0
    Go to siteView details
    CIBC Investor's Edge
    CIBC logo
    Finder Score
    7.6 Great
    Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
    RRSP, RESP, RRIF, TFSA, Personal, Joint
    $6.95
    $0 if conditions met, or $100
    Get 100 free trades when you open a CIBC Investor’s Edge account using promo code EDGE2425. Plus, get $200 or more cash back. Valid until March 31, 2025.
    Go to siteView details
    Moomoo Financial Canada
    Moomoo logo
    Finder Score
    7.4 Great
    Stocks, Options, ETFs
    RRSP, TFSA, Personal
    $0.0149/stock
    $0
    Enjoy a 6% cash rebate plus $2,200 in trading perks.
    Go to siteView details
    RBC Direct Investing
    RBC Direct Investing logo
    Finder Score
    7.9 Great
    Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, Precious Metals, IPOs
    RRSP, RESP, RRIF, TFSA, Personal, Joint, Business
    $6.95 - $9.95
    $0 if conditions met, otherwise $25/quarter
    Get a $300 cash bonus and up to 500,000 Avion points when you open your first eligible RBC Direct Investing account. Plus, get 50 commission-free trades to use within one year of account opening. Conditions apply. Offer ends March 31, 2025
    Go to siteView details
    Questrade
    Questrade logo
    Finder Score
    8.8 Great
    Stocks, Bonds, Options, Mutual Funds, ETFs, Forex, GICs, Precious Metals, IPOs
    RRSP, RESP, RRIF, TFSA, Personal
    $0
    $0
    Go to siteView details
    Qtrade Direct Investing
    Qtrade logo
    Finder Score
    7.7 Great
    Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
    RRSP, RESP, RRIF, TFSA, Personal, Joint
    $6.95 - $8.75
    $0 if conditions met, otherwise $25/quarter
    Get 1% cashback or more, a $150 sign-up bonus & unlimited free trades until April 30th, 2025.
    Go to siteView details
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    Finder Score for stock trading platforms

    To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score the better the platform - simple.

    Read the full methodology

    Important: Share trading can be financially risky and the value of your investment can go down as well as up. “Standard brokerage” fee is the cost to trade $1,000 or less of ASX-listed shares and ETFs without any qualifications or special eligibility. If ASX shares aren’t available, the fee shown is for US shares. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

    How to invest in ETFs

    To find out more about ETFs, you can head to our guide on how to invest in exchange traded funds or click on the video below.

    Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades. Read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the product on the provider's website.

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