Introduction
Purpose Bitcoin ETF (TSX:BTCC) is Canada's premier Bitcoin-focused exchange-traded fund, offering investors regulated exposure to Bitcoin's price movements. Managed by Purpose Investments Inc., this ETF tracks the BTC/CAD exchange rate while providing the security and convenience of traditional market trading.
Key Fund Details
| Metric | Value |
|---|---|
| Current Price | CAD 19.68 |
| 1-Year Return | +74.78% |
| Assets Under Management | CAD 982.39M |
| Expense Ratio | 1.50% |
| Inception Date | February 25, 2021 |
Trading Information
- Exchange: Toronto Stock Exchange
- 52-Week Range: CAD 9.95 - 20.49
- Beta: 2.60 (High Volatility)
- Holdings: 44 positions
Fund Strategy
BTCC provides direct Bitcoin exposure through:
- Physical Bitcoin holdings (99.63% of assets)
- Currency derivatives
- Minimal cash positions (0.09%)
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Performance Analysis
- 1-Year Return: +74.78% (as of June 2025)
- Since Inception: 14.58% average annual return
- Recent Trends: Shows strong correlation with Bitcoin's market movements
Portfolio Composition
Top Holdings Breakdown
| Asset | Weight |
|---|---|
| Bitcoin (XBT) | 99.63% |
| Canadian Dollar | 34.56% |
| US Dollar | 3.25% |
Note: Weights exceed 100% due to derivative positioning
Investment Considerations
Pros:
- Regulated Bitcoin exposure
- TSX-listed liquidity
- Transparent holdings
Cons:
- Higher expense ratio (1.50%)
- Bitcoin's inherent volatility
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FAQs
What makes BTCC different from other Bitcoin ETFs?
BTCC was Canada's first Bitcoin ETF, offering physical Bitcoin exposure rather than futures contracts.
How does the expense ratio affect returns?
The 1.50% fee is deducted annually from fund assets, potentially impacting long-term returns compared to direct Bitcoin ownership.
Is BTCC suitable for retirement accounts?
While possible, the high volatility makes it better suited for aggressive portions of portfolios.
What tax implications exist for BTCC investors?
Canadian investors face capital gains tax on profits, with different rules than direct cryptocurrency holdings.
How liquid is BTCC?
With average daily volumes exceeding 300,000 shares, BTCC offers strong liquidity for most retail investors.
Conclusion
Purpose Bitcoin ETF (BTCC) remains a compelling option for Canadian investors seeking Bitcoin exposure within traditional markets. While the expense ratio is higher than some competitors, its first-mover advantage and physical Bitcoin backing maintain its position as a leader in cryptocurrency ETFs.