Evolve Bitcoin ETF (EBIT)
Spot Bitcoin ETF listed on the Toronto Stock Exchange – physically-backed direct exposure to Bitcoin from Evolve ETFs.
Key Facts
| Issuer | Evolve ETFs |
|---|---|
| Ticker | EBIT (TSX – Toronto Stock Exchange) |
| Expense Ratio | 0.75% (management fee) |
| Approx. AUM | $460M CAD |
| Custodian | Gemini Trust Company (cold storage) |
| Inception | February 18, 2021 |
| Official Site | Evolve EBIT Page |
Composition / Holdings
EBIT is 100% physically-backed spot Bitcoin (no derivatives or futures).
| Asset | Percentage | Description |
|---|---|---|
| Bitcoin (BTC) | 100% | Physically-backed spot Bitcoin held in cold storage by Gemini Trust Company |
No leverage, futures, or other assets. Direct 1:1 exposure to Bitcoin price (less fees).
Net Inflows & Outflows
Historical daily/weekly net flows showing investor demand for EBIT in Canada.
Performance Overview
NAV tracking and returns vs. Bitcoin spot price (historical).
ESG & Sustainability Metrics
Estimated ESG ratings and carbon footprint (where applicable for crypto ETFs).
Pros
- Physically-backed spot Bitcoin with institutional-grade custody (Gemini)
- Direct 1:1 exposure to Bitcoin price (no derivatives)
- Competitive expense ratio for Canadian spot BTC ETFs
- Easy access for Canadian investors via TSX
Cons
- Higher expense ratio compared to U.S. spot ETFs
- Full exposure to Bitcoin price volatility
- No direct Bitcoin ownership or withdrawal option
- CAD denominated (currency risk for non-CAD investors)
How to Buy EBIT
Available on major Canadian brokers (e.g., Wealthsimple, Questrade, RBC Direct Investing, TD Direct Investing, etc.). Search ticker EBIT.
Not financial advice. Investments in crypto ETFs involve high risk, including potential loss of principal. Data approximate and subject to change; always verify with official sources.