Evolve Bitcoin ETF Units CAD Unhedged

Overview: Evolve Bitcoin ETF (EBIT) is a Canadian exchange-traded fund managed by Evolve Funds Group Inc., offering exposure to Bitcoin's price movements.

Investment Focus: Directly invests in physical Bitcoin, tracking the CME CF Bitcoin Reference Rate, reflecting Bitcoin's price in U.S. dollars.

Accessibility: Trades on the Toronto Stock Exchange under tickers EBIT (CAD) and EBIT.U (USD), eligible for TFSA and RRSP accounts.

Performance: As of May 31, 2025, EBIT's stock price was CAD 50.96, with a 52-week range of CAD 25.93 to CAD 55.32, up 77.68% in one year.

Risk Profile: High-risk investment due to Bitcoin’s volatility, suitable for investors with cryptocurrency knowledge and risk tolerance.

Management and Fees: Passively managed to mirror the Bitcoin index, with management fees and expenses outlined in the fund’s prospectus.

Background: Evolve ETFs is a Canadian ETF provider founded in 2017, focused on innovative and thematic investment strategies.

Bitcoin ETFs: The Evolve Bitcoin ETF (EBIT) was among the first wave of spot Bitcoin ETFs approved in Canada.

Accessibility: Trades on the Toronto Stock Exchange (TSX), eligible for TFSA and RRSP accounts.

Fee: Competitive management fee for Canadian Bitcoin ETF exposure.

Custody: Uses Gemini Custody for Bitcoin safekeeping.