The Diversified Cryptocurrency ETF Portfolio (TFSA/FHSA/RRSP Eligible)

I understand the appeal of the "not your keys, not your coins" philosophy. But the reality is that not everyone has the knowledge, confidence, or desire to manage self-custody wallets or use crypto exchanges.

Cryptocurrency ETFs solve that problem. The Canadian ETF industry has led the way, launching spot Bitcoin, Ethereum, and Solana ETFs before the U.S. market.

Today’s portfolio brings together those options to offer exposure to the three most investable cryptocurrencies by ETF. The beauty is you can hold it in your TFSA, RRSP, or FHSA, allowing for tax-deferred or tax-free compounding depending on the account.

Spot Bitcoin ETF

Start by allocating 75% of the portfolio to the Purpose Bitcoin ETF (BTCC). Bitcoin remains the largest cryptocurrency by market cap, and it's the one increasingly being adopted as a reserve asset by some countries and held on corporate balance sheets.

BTCC is my preferred choice because it set the precedent. It was the first spot bitcoin ETF in the world and paved the way for all others that followed. Today, it holds around $2.9 billion in assets and stores approximately 21,871 BTC in cold wallets—fully backed and transparent.

This version of BTCC is currency hedged. Since bitcoin is priced in U.S. dollars but the ETF trades in Canadian dollars, I prefer to eliminate foreign exchange fluctuations and gain pure exposure to the price of bitcoin itself. If you don’t mind currency risk or want to avoid hedging costs, there’s also an unhedged variant available under the ticker BTCC.B.

The 1.31% management expense ratio isn’t cheap by ETF standards, but compared to the spreads, fees, and premiums that come with buying bitcoin through most exchanges, it’s actually fairly reasonable.

Spot Ethereum ETF

Purpose also launched the world’s first spot ethereum ETF with the Purpose Ether ETF (ETHH) and that’s what the next 20% of this portfolio gets allocated to.

While it hasn’t attracted as much attention or assets as its bitcoin counterpart, it still manages a solid $245 million in AUM and currently holds 97,891.520353 ETH in cold storage.

Ethereum hasn’t performed as strongly as bitcoin recently, but that’s not a reflection of the ETF itself. Unlike bitcoin, which is largely seen as digital gold, ethereum has real utility. It powers the largest smart contract ecosystem in crypto, enabling everything from decentralized finance (DeFi) to NFTs, tokenized assets, and blockchain-based applications.

Right now, 358.9974 shares of ETHH at a net asset value of $7.02 equal one ether. Like BTCC, the management expense ratio is 1.31%. If you prefer not to hedge the U.S. dollar exposure, there’s also an unhedged variant available under the ticker ETHH.B.

Spot Solana ETF

Solana has quickly emerged as one of the fastest-growing altcoins, thanks to its high-speed and low-cost blockchain infrastructure. The final 5% of this portfolio gets allocated to Solana

In April 2025, Canadian ETF providers brought the first spot solana ETFs to market, and Purpose Solana ETF (SOLL) is one of them. It currently holds $13 million in assets and 61,998.325896 SOL in cold storage. At a NAV of $11.80 per SOL, it takes approximately 17.8082 shares of SOLL to match the value of one solana token.

One unique feature that sets SOLL apart from other crypto ETFs is its ability to stake Solana. It’s one of the first ETF of its kind to do so, allowing the fund to earn native staking yields directly from the Solana network, which should accrue positively to its net asset value.

SOLL also has a notable cost advantage—it charges a 0.39% management fee, much lower than typical crypto ETFs. The official MER will be calculated after a year of operations. Like its Bitcoin and Ethereum counterparts, SOLL also comes in an unhedged version under the ticker SOLL.B.