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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.

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.

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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 - 5 of 5
    Name Product Finder Rating Available Asset Types Stock Trading Fee Account Fee Signup Offer Table description
    National Bank Direct Brokerage
    National Bank Direct Brokerage
    Finder Rating:
    ★★★★★
    4.2 / 5
    Stocks, Bonds, Options, Mutual Funds, GICs
    $0
    $0 if conditions met, or $100
    Get $0 commission on all transactions with promo code: finder
    Go to site
    View details
    CIBC Investor's Edge
    CIBC Investor's Edge
    Finder Rating:
    ★★★★★
    3.8 / 5
    Stocks, Bonds, Options, Mutual Funds, ETFs
    $4.95–$6.95
    $0 if conditions met, or $100
    N/A
    An easy-to-use platform with access to a variety of tools to help you trade with confidence.
    Go to site
    View details
    Interactive Brokers
    Finder Award
    Interactive Brokers
    Finder Rating:
    ★★★★★
    4.3 / 5
    Stocks, Bonds, Options, ETFs, Currencies, Futures
    min $1.00, max 0.5%
    $0
    N/A
    Winner for Best Overall Broker in the Finder Stock Trading Platform Awards.
    Go to site
    View details
    Questrade
    Questrade
    Finder Rating:
    ★★★★★
    4.3 / 5
    Stocks, Bonds, Options, Mutual Funds, ETFs, GICs, International Equities, Precious Metals
    $4.95 - $9.95
    $0
    Get $50 in free trades when you fund your account with a minimum of $1,000.
    Opt for self-directed investing and save on fees or get a pre-built portfolio to take out some of the guesswork.
    Go to site
    View details
    Qtrade Direct Investing
    Qtrade Direct Investing
    Finder Rating:
    ★★★★★
    3.7 / 5
    Stocks, Bonds, Options, Mutual Funds, ETFs, GICs
    $6.95 - $8.75
    $0 if conditions met, otherwise $25/quarter
    Get up to $150 sign-up bonus. Use promo code BONUS150. Conditions apply. Ends June 30, 2023.
    Low trading commissions and an easy-to-use platform with access to powerful tools and a wide selection of investment options.
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    View details
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    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.

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