Share this article
Third Bitcoin ETF Expected to Launch in Canada This Week
If approved, North America's third bitcoin ETF is planned for listing on Tuesday.
Updated Mar 9, 2024, 2:02 a.m. Published Mar 8, 2021, 2:55 p.m.
Yet another bitcoin exchange-traded fund (ETF) is expected to list on the Toronto Stock Exchange on Tuesday.
- According to an announcement from provider CI Global Asset Management, regulators have approved the final prospectus for the "CI Galaxy Bitcoin ETF."
- The ETF is expected to begin trading on the Toronto Stock Exchange (TSX) on Tuesday, subject to approval from the bourse, under the ticker “BTCX.”
- BTCX will give investors exposure to bitcoin by investing directly in the cryptocurrency with holdings priced using the Bloomberg Galaxy Bitcoin Index.
- The listing, if approved, would make BTCX the third bitcoin ETF in North America.
- In February, similar products from Evolve Funds Group and Purpose Investment both listed on the TSX.
- “I believe our ETF stands out based on its highly competitive price point and CI and Galaxy’s extensive capabilities and track record in managing alternative investments and digital assets,” said Kurt MacAlpine, CEO of CI Financial, the parent company of the CI Global Asset Management.
Read more: Canada’s CI Global Files for What Would Be World’s First Ether ETF
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Tom Lee responds to controversy surrounding Fundstrat’s differing bitcoin outlooks
A debate on X over seemingly conflicting bitcoin forecasts from Fundstrat analysts drew a response from Tom Lee, highlighting differing mandates and time horizons.
What to know:
- X users flagged what appeared to be conflicting bitcoin outlooks from Fundstrat’s Tom Lee and Sean Farrell.
- Lee endorsed a post arguing the views reflect different mandates and time horizons, not internal disagreement.
- The episode highlights how public commentary can blur distinctions between short-term risk management and long-term macro views.
Top Stories
