Purpose Bitcoin ETF Non-Currency Hedged Units is a Bitcoin exchange-traded fund providing investors with exposure to Bitcoin.
Overview
The Purpose Bitcoin ETF Non-Currency Hedged Units (BTCC-B.TO) is a Canadian exchange-traded fund launched and managed by Purpose Investments Inc., the world’s first physically settled Bitcoin ETF, launched on February 18, 2021.
Investment Focus
Directly invests in and holds 100% physical Bitcoin, tracking the BTC/CAD Exchange Rate - CAD - Benchmark Price Return, using secure cold storage for
Accessibility
Trades on the Toronto Stock Exchange under the ticker BTCC-B.TO (CAD, non-currency hedged), accessible via brokerage accounts and eligible for TFSA and RRSP
Performance
As of July 26, 2025, BTCC-B.TO trades at CAD 21.25, with a 52-week range of CAD 9.95 to CAD 22.27, and a one-year total return of 72.48%
Risk Profile
High-risk due to Bitcoin’s extreme volatility, suitable for investors with strong cryptocurrency knowledge and high risk tolerance, with potential for significant losses.
Management and Fees
Passively managed with a management expense ratio of 1.50%, with full details on costs and risks provided in the fund’s prospectus.
Background
Purpose Investments is a Canadian asset manager founded in 2013 by Som Seif, managing over CAD $18 billion in assets.
Bitcoin ETFs
Launched the Purpose Bitcoin ETF (BTCC) in February 2021, making it the world's first spot Bitcoin ETF on a major stock exchange.
Pioneering
BTCC paved the way for all subsequent spot Bitcoin ETFs globally, proving market viability and regulatory acceptance.
Accessibility
Trades on the Toronto Stock Exchange (TSX), eligible for TFSA and RRSP accounts.
Custody
Uses Gemini Custody for Bitcoin safekeeping.