By Ethan Bae | Settle Rich
Finding the best bitcoin ethereum ETF in Canada is harder than it looks. In 2026, Canadian and US listed options have multiplied, fees have compressed, and most guides still get the TFSA vs RRSP question completely wrong.
This guide covers every major bitcoin ethereum ETF available in Canada: Canadian-listed and US-listed, spot and yield and staking. More importantly, it covers the one insight that changes everything about how you should hold these products inside your registered accounts.
If you have not yet read our guide on whether you can hold bitcoin and ethereum in a TFSA or RRSP, start there first — the rules around direct crypto vs ETFs matter before choosing a product.
The One Insight Most Bitcoin Ethereum ETF Guides in Canada Miss
Before getting into the list of every bitcoin ethereum ETF available in Canada, this is worth saying clearly — because most Canadian finance guides get it wrong.
You may have read that US-listed ETFs are better held in an RRSP because the Canada-US tax treaty exempts RRSP holders from US withholding tax on distributions. That is true in general. But for any bitcoin ethereum ETF in Canada or the US, it simply does not matter.
Bitcoin and ethereum spot ETFs do not pay meaningful distributions. They hold the underlying asset in cold storage, and any return comes from price appreciation — not income. There is no dividend, no interest, no distribution to be withheld.
That means the RRSP withholding tax advantage does not apply to any bitcoin ethereum ETF — Canadian-listed or US-listed. There is nothing to withhold.
The practical conclusion: hold your bitcoin ethereum ETF in your TFSA. Growth is 100% tax-free, withdrawals are never taxed, and you do not need to think about withholding tax at all. Pick the lowest-fee bitcoin ethereum ETF in Canada that is listed on the TSX, put it in your TFSA, and leave it there.
That single decision — TFSA over RRSP, low fee over brand name — is worth more than any other optimization in this space.
Part 1: Canadian-listed Bitcoin ETFs
Canadian-listed bitcoin ETFs are the simplest bitcoin ethereum ETF option in Canada for TFSA and RRSP investors. They trade on the TSX in Canadian dollars and are explicitly designed to be registered-account eligible from day one.
iShares Bitcoin ETF — IBIT (Canadian-listed)
Issuer: BlackRock Canada | Fee: ~0.25% | TFSA/RRSP: ✓
Currently the lowest-fee Canadian-listed bitcoin ETF available. BlackRock entered the Canadian market in January 2025, bringing the same institutional credibility as its US counterpart. Strong first choice for fee-conscious TFSA investors who want to keep things simple.
Fidelity Advantage Bitcoin ETF — FBTC
Issuer: Fidelity Investments Canada | Fee: ~0.32% | TFSA/RRSP: ✓
One of the best low-cost bitcoin ETF options in Canada. Fidelity uses its own in-house cold storage infrastructure and cut its fee from 0.39% to 0.32% in January 2025. For long-term TFSA investors, this is one of the strongest Canadian-listed options available.
CI Galaxy Bitcoin ETF — BTCX.B / BTCX.U
Issuer: CI Global / Galaxy Digital | Fee: ~0.40% | TFSA/RRSP: ✓
A partnership between CI and Galaxy Digital, one of Canada’s established digital asset managers. Holdings kept in cold storage. BTCX.B is CAD unhedged and BTCX.U is USD-denominated.
Purpose Bitcoin ETF — BTCC / BTCC.B / BTCC.U
Issuer: Purpose Investments | Fee: ~1.00% | TFSA/RRSP: ✓
The world’s first physically settled bitcoin ETF, launched February 2021. The most established and liquid option on the Canadian market. Fee is higher than newer entrants but the track record and liquidity are unmatched. BTCC is CAD-hedged, BTCC.B is unhedged, BTCC.U is USD-denominated.
Purpose Bitcoin Yield ETF — BTCY
Issuer: Purpose Investments | Fee: ~1.00% | TFSA/RRSP: ✓
Lends a portion of its bitcoin holdings to earn monthly income for investors. Better for income-focused investors than pure growth. In a strong bitcoin bull run, you may capture less upside than a spot ETF.
Part 2: Canadian-listed Ethereum ETFs
Fidelity Advantage Ether ETF — FETH (Canadian)
Issuer: Fidelity Investments Canada | Fee: ~0.40% | TFSA/RRSP: ✓
The most cost-competitive Canadian-listed ethereum ETF available. Uses the same in-house custody model as Fidelity’s bitcoin ETF. Best default choice for TFSA investors who want straightforward ethereum exposure at low cost.
Purpose Ether ETF — ETHH / ETHH.B
Issuer: Purpose Investments | Fee: ~1.31% | TFSA/RRSP: ✓
The longest-running ethereum ETF in Canada. Holds actual ether in cold storage. ETHH is CAD-hedged and ETHH.B is unhedged. Higher fee than Fidelity but the deepest track record in Canada.
Purpose Ether Staking ETF
Issuer: Purpose Investments | Fee: ~1.00%+ | TFSA/RRSP: ✓
Participates in Ethereum’s proof-of-stake mechanism, earning staking rewards on top of price exposure. One of the only registered-account-eligible staking products in Canada. More complex and higher fee, but unique in what it offers.
Purpose Ether Yield ETF — ETHY
Issuer: Purpose Investments | Fee: ~1.10% | TFSA/RRSP: ✓
Generates monthly distributions by lending a portion of ether holdings. Income in exchange for potentially reduced upside — same tradeoff as BTCY.
Part 3: US-listed Bitcoin ETFs
US-listed bitcoin ETFs generally offer lower fees than Canadian equivalents. As explained above, the RRSP withholding tax advantage does not apply to any bitcoin ethereum ETF — there are no distributions to withhold. For Canadian investors, US-listed options are most relevant for RRSP accounts where you want maximum fee efficiency on a long-term holding.
Morgan Stanley Bitcoin Trust — MSBT ⭐ NEW
Issuer: Morgan Stanley | Fee: 0.14% | Exchange: NYSE Arca
The newest and lowest-fee bitcoin ETF on the market, launched April 2, 2026. MSBT is the first spot bitcoin ETF issued directly by a major US bank — a significant milestone. At 0.14%, it undercuts every existing competitor including the Grayscale Bitcoin Mini Trust. Morgan Stanley’s $8 trillion wealth management platform and 16,000 financial advisors give this product enormous distribution potential. Worth watching closely as it builds its track record. According to Coindesk, the MSBT fee of 0.14% positions it as the lowest-fee spot bitcoin ETF in the US market.
Grayscale Bitcoin Mini Trust — BTC
Issuer: Grayscale | Fee: 0.15% | Exchange: NYSE Arca
Until MSBT launched, this was the lowest-fee bitcoin ETF available. Still an excellent option with more trading history than MSBT. For cost-minimizing investors who prefer an established product.
Franklin Templeton Bitcoin ETF — EZBC
Issuer: Franklin Templeton | Fee: 0.19% | Exchange: Cboe BZX
Competitive fee with strong institutional backing from one of the world’s oldest asset managers.
Bitwise Bitcoin ETF — BITB
Issuer: Bitwise | Fee: 0.20% | Exchange: NYSE Arca
Crypto-native asset manager with strong retail brand recognition. One of the lower-fee options in the US market.
ARK 21Shares Bitcoin ETF — ARKB
Issuer: ARK Invest / 21Shares | Fee: 0.21% | Exchange: Cboe BZX
Popular among growth-oriented investors aligned with Cathie Wood’s bullish bitcoin thesis. Approximately $3.6 billion in AUM.
iShares Bitcoin Trust ETF — IBIT (US)
Issuer: BlackRock | Fee: 0.25% | Exchange: Nasdaq
The largest bitcoin ETF in the world with over $51 billion in AUM and average daily trading volume exceeding $3.2 billion. Unmatched liquidity. Slightly higher fee than newer entrants but the institutional depth is hard to argue with.
Fidelity Wise Origin Bitcoin Fund — FBTC (US)
Issuer: Fidelity | Fee: 0.25% | Exchange: NYSE Arca
$17.7 billion in AUM. Uses Fidelity’s own custody infrastructure rather than Coinbase, which sets it apart from most US bitcoin ETFs.
Part 4: US-listed Ethereum ETFs
Grayscale Ethereum Mini Trust — ETH
Issuer: Grayscale | Fee: 0.15% | Exchange: NYSE Arca
The lowest-fee ethereum ETF currently available. Good option for cost-minimizing RRSP investors.
iShares Ethereum Trust ETF — ETHA
Issuer: BlackRock | Fee: 0.25% | Exchange: Nasdaq
The largest ethereum ETF with over $6.2 billion in AUM. The most liquid US-listed ethereum ETF by a wide margin.
Fidelity Wise Origin Ethereum Fund — FETH (US)
Issuer: Fidelity | Fee: 0.25% | Exchange: NYSE Arca
Fidelity’s US ethereum ETF using Fidelity Digital Assets for custody. Integrates seamlessly with Fidelity brokerage accounts.
Bitwise Ethereum ETF — ETHW
Issuer: Bitwise | Fee: 0.20% | Exchange: NYSE Arca
Lower fee than ETHA and FETH at 0.20%. Good for cost-focused investors who prefer Bitwise’s crypto-native approach.
Grayscale Ethereum Trust — ETHE
Issuer: Grayscale | Fee: 2.50% | Exchange: NYSE Arca
The original US ethereum fund. The 2.50% fee is very difficult to justify given the alternatives above. Generally not recommended for new investors.
Canadian vs US-listed: What Actually Matters for Your TFSA and RRSP
Every bitcoin ethereum ETF in Canada and the US shares one important characteristic: none of them pay meaningful distributions. That single fact changes the conventional TFSA vs RRSP analysis completely.
For TFSA investors: Canadian-listed ETFs are the simplest and most tax-efficient choice. They trade in CAD, are explicitly TFSA and RRSP eligible, and require no additional consideration. The best bitcoin ethereum ETF options in Canada for TFSA right now are Canadian IBIT (0.25%) for bitcoin and FETH (0.40%) for ethereum.
For RRSP investors: US-listed ETFs like MSBT (0.14%) or Grayscale BTC Mini Trust (0.15%) are worth considering purely for the fee advantage — not for any withholding tax benefit. The fee difference between BTCC (1.00%) and MSBT (0.14%) compounds significantly over a decade inside a registered account.
Currency consideration: US-listed ETFs require buying in USD. Inside an RRSP, Norbert’s Gambit can reduce currency conversion costs — but this adds complexity that Canadian-listed ETFs simply do not have.
Bottom line: Put your bitcoin ethereum ETF in your TFSA. Choose the lowest-fee Canadian-listed option available. Keep it simple.
How to Choose the Best Bitcoin Ethereum ETF in Canada
Lowest fee, Canadian-listed (TFSA — recommended for most): → Canadian IBIT (BlackRock Canada, ~0.25%) for bitcoin → FETH (Fidelity Canada, ~0.40%) for ethereum
Lowest fee overall (RRSP, USD): → MSBT (Morgan Stanley, 0.14%) for bitcoin — newest, watch for track record → Grayscale ETH Mini Trust (0.15%) for ethereum
Maximum liquidity: → IBIT US (BlackRock, $51B AUM) for bitcoin → ETHA (BlackRock, $6.2B AUM) for ethereum
Monthly income: → BTCY (bitcoin yield) or ETHY (ethereum yield) — Purpose Investments
Ethereum staking inside TFSA or RRSP: → Purpose Ether Staking ETF — one of the only registered-account-eligible staking products in Canada
Fees referenced in this guide are approximate as of early April 2026. MSBT launched April 2, 2026 and is still building its track record. Always verify current fees in the fund’s prospectus before investing.
New to registered accounts?
Understanding how TFSAs and RRSPs work is the foundation before picking any bitcoin ethereum ETF in Canada.
