CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
crypto.news 2025-02-04 11:58:28

Canada to get its first leveraged crypto ETFs as Evolve Funds files prospectus: report

Canada’s ETF market may soon feature leveraged crypto funds as Evolve Funds moves to launch new Bitcoin and Ethereum products. For quite some time, Canada ‘s crypto exchange-traded fund scene has been losing investors to the U.S. as lower fees, higher trading volumes, and the launch of spot Bitcoin ETFs in the U.S. have drawn capital away from Canadian funds. Now, Evolve Funds is making a play to bring them back — with leverage. The Toronto-based firm has filed a preliminary prospectus to launch Canada’s first leveraged crypto ETFs, The Globe and Mail has learned . If approved, the Evolve Levered Bitcoin ETF and Evolve Levered Ether ETF will offer 1.25x exposure to Bitcoin ( BTC ) and Ethereum ( ETH ). You might also like: US authorities indict Canadian national behind $65m KyberSwap, Indexed Finance hacks The Canadian newspaper notes that this figure is lower than the 2x leverage some U.S. funds offer. But unlike them, Evolve plans to use cash borrowing instead of derivatives. The funds will also rebalance monthly, not daily. Crypto ETFs have had a rough 2024 in Canada. Outflows lasted five months straight. Investors reportedly pulled over C$1.1 billion from these funds, according to National Bank Financial. Much of that money moved south, where U.S. spot Bitcoin ETFs launched in January 2024. Earlier this year, the Canadian government raised concerns about the growing use of cryptocurrencies in the illicit opioid trade, particularly in the trafficking and production of fentanyl and other synthetic drugs. According to the Financial Transactions and Reports Analysis Centre of Canada, digital assets, including stablecoins, are being used to facilitate international drug trade while bypassing traditional financial systems. Read more: BlackRock debuts Bitcoin ETF on CBOE Canada

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta