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

The Canada ETF market could soon have leverage cryptography funds, because Evolve Funds Moves to launch new Bitcoin and Ethereum products.

For a while, CanadaThe scene of the fund negotiated in exchange for crypto has lost investors for the benefit of the United States as a lower expenses, higher trading volumes and the launch of the spot Bitcoin FNB In the United States, capital has removed from Canadian funds.

Now Evolve Funds makes a game to bring them back – with lever effect.

The company based in Toronto has deposited a preliminary prospectus to launch the first Etf Crypto with leverage in Canada, the Globe and Mail A learned. If it is approved, the FNB Bitcoin on lever Evolve and Evolve ETF will offer an exposure of 1.25x to Bitcoin (BTC) and Ethereum (Ethn).

The Canadian newspaper notes that this figure is lower than that of the 2x lever effect that some American funds offer. But unlike them, Evolve plans to use cash loans instead of derivatives. Funds will also rebalance monthly, not a day.

FNB Crypto had a gross 2024 in Canada. The outings lasted five months in a row. Investors would have According to the National Bank Financial. Much of this money moved south, where Bitcoin ETFs were launched in January 2024.

Earlier this year, the Canadian government raised concerns About the growing use of cryptocurrencies in the trade in illicit opioids, in particular in the traffic and production of fentanyl and other synthetic drugs. According to the Canada Financial Transactions and Reports Analysis Center, digital assets, including stabbed, are used to facilitate international drug trade while bypassing traditional financial systems.