Introduction
Evolve Funds Group Inc. ("Evolve") has made history by launching Canada’s first multi-cryptocurrency ETF, the Evolve Cryptocurrencies ETF (ETC). This innovative fund began trading on the Toronto Stock Exchange (TSX) under ticker symbols ETC (CAD Unhedged Units) and ETC.U (USD Unhedged Units). Designed to provide exposure to leading digital assets, ETC offers a diversified approach to cryptocurrency investing while minimizing tracking error.
Key Features of ETC
Investment Strategy
- Diversified Exposure: ETC tracks select digital assets based on market capitalization, rebalancing monthly.
- Underlying Funds: Initially invests in Bitcoin ETF (EBIT) and Ether ETF (ETHR), weighted by their market cap.
- No Leverage: Avoids speculative strategies, focusing on stable growth.
Fee Structure
- No Direct Management Fees: Investors pay only the underlying fees of EBIT (0.75%) and ETHR (0.75%).
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Why Invest in ETC?
Benefits for Investors
- Simplified Access: Gain diversified crypto exposure without managing individual wallets.
- Transparent Pricing: Holdings priced via CME CF Bitcoin/Ether Reference Rates, ensuring accuracy.
- TSX Liquidity: Trade like a stock, with the flexibility of CAD or USD units.
FAQs
Q: How often is ETC rebalanced?
A: Monthly, based on updated market capitalizations.
Q: Does ETC pay dividends?
A: No—it reinvests gains to compound growth.
Q: What are the tax implications?
A: Treated as a capital asset; consult a tax advisor for jurisdiction-specific rules.
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About Evolve ETFs
With $2 billion in assets, Evolve is a pioneer in thematic ETFs, specializing in disruptive innovations. Since 2017, its products have empowered investors with:
- Long-term thematic trends (e.g., AI, blockchain).
- Income-generating strategies.
- Global manager partnerships.
Conclusion
The launch of ETC marks a milestone for Canadian investors seeking regulated, diversified cryptocurrency exposure. By combining the stability of ETFs with the growth potential of digital assets, Evolve bridges traditional finance and the crypto economy.
For details, visit Evolve’s website (Note: All other hyperlinks removed per guidelines).