After Listing Bitcoin and Ether ETFs, Evolve Funds Now Files for Canada’s First Multi-Crypto ETF

2021-8-19 16:30

Evolve Funds Group has filed a preliminary prospectus with the Ontario Securities Commission (OSC) for a new cryptocurrencies exchange-traded fund (ETF).

Through this multi-crypto ETF, the Toronto-based fund will offer investors indirect exposure to certain cryptocurrencies selected by the investment manager and weighted on a market cap basis that will be rebalanced monthly, according to the press release.

It will offer both US dollar and Canadian dollar-denominated unhedged units and won't be using leverage or pay regular cash distributions.

The Evolve Cryptocurrencies ETF will predominantly hold Bitcoin and Ether by initially investing in two of its crypto funds, Bitcoin ETF and Ether ETF (ETHR), launched their year that trade on the Toronto Stock Exchange (TSX). Its Bitcoin ETF (EBIT) has nearly $100 million worth of assets, while Ether ETF (ETHR) has more than $71 million.

These ETFs allow investors to hold cryptocurrencies in their brokerage account, including their Registered Retirement Savings Plan (RSP) and Tax-Free Savings Account (TFSA).

The fund may add other cryptocurrency ETFs if and when they get available, making the new fund “a potential turnkey solution for cryptocurrency investing,” said Raj Lala, president, and CEO of Evolve ETFs, in a statement.

“With the Evolve Cryptocurrencies ETF, investors will be able to take a broader approach by allocating to cryptocurrencies based on their market cap weightings.”

Evolve will be charging the same management fees as to the underlying funds, which is 0.75% of net asset values plus sales taxes.

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etf funds evolve multi-crypto etfs fund listing

Источник: bitcoinexchangeguide.com

etf funds → Результатов: 126


Evolve Files for a Ethereum ETF After Launching its Bitcoin ETF Last Month

Evolve Funds Group has filed for an Ether exchange-traded fund (ETF) with the Canadian Securities regulators. After launching the Bitcoin ETF (EBIT) on the Toronto Stock exchange, just a day after the first Bitcoin exchange-traded fund ever — Purpose Bitcoin ETF which gained the first-mover advantage and raised $421 million in just two days of […] The post Evolve Files for a Ethereum ETF After Launching its Bitcoin ETF Last Month first appeared on BitcoinExchangeGuide.

2021-3-3 20:22


Фото:

В Канаде одобрили второй биткоин-ETF

Комиссия по ценным бумагам провинции Онтарио (OSC) выдала разрешение управляющей компании Evolve Funds Group на запуск ее биржевого инвестиционного фонда (ETF) на базе первой криптовалюты. Evolve ETFs will soon be bringing one of the world’s first Bitcoin ETFs to market.

2021-2-17 11:32


Canadian Firm, Accelerate, Files for a Bitcoin ETF (ABTC) on Toronto Stock Exchange

Companies have a growing demand to launch Bitcoin exchange-traded funds (ETFs) as the cryptocurrency market settles above the 41 trillion market cap. Accelerate Financial Technologies, a Canadian fintech firm, is the latest to file and obtain a receipt for a preliminary prospectus with the Canadian financial regulators to launch its Accelerate Bitcoin ETF under the […] The post Canadian Firm, Accelerate, Files for a Bitcoin ETF (ABTC) on Toronto Stock Exchange first appeared on BitcoinExchangeGuide.

2021-2-4 19:47


$60B Asset Fund, WisdomTree Trust, Files For A New ETF; Will Includes 5% In Bitcoin Futures

Institutional investors are taking up positions in the Bitcoin market attracting some of the biggest Wall Street hedge funds and financial institutions. WisdomTree Investments, a $60 billion dollar hedge fund, announced the launch of an electronic traded fund (ETF) index comprising of a number of digital assets including BTC.

2020-6-17 15:58


CNBC’s Brian Kelly Doesn’t Think Crypto Needs A Bitcoin ETF; Major On-Ramps Already Exist

If you were keen on the industry news concerning Bitcoin for the past two years, you would have noticed a recurring trend in the Bitcoin exchange-traded funds. They are financial vehicles that are believed to be a catalyst that will take the nascent market to greater heights. Some analysts think so even though these vehicles […]

2019-10-14 17:13


SEC обратилась к общественности за комментариями касательно биткоин-ETF от Wilshire Phoenix

Комиссия по ценным бумагам и биржам США (SEC) начала сбор публичных комментариев о торгуемом на бирже фонде (ETF) от компании Wilshire Phoenix Funds. Об этом сообщает CoinDesk. Особенностью предлагаемого фонда является то, что, помимо биткоина, он также будет обеспечен казначейскими бумагами.

2019-6-26 10:24


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