Canadian ETF market may soon have facilities for leveraged crypto funds as evolve funds run to launch new bitcoins and atherium products.
For a long time, Canada’s Crypto Exchange-Trade Fund Scene has been losing investors in the US as low fees, high trading volumes, and the launch of spot bitcoin ETF in the US has drawn capital from Canadian funds.
Now, the Evolve Fund is making a drama to bring them back – with leverage.
The Toronto -based firm has filed an initial prospectus to launch the first leveraged crypto ETF, The Globe and Mail in Canada Have you learntIf approved, developed bitcoins will offer 1.25X exposure to ETF and developed liver etf bitcoin (BTC) and atherium (Ath).
Canadian newspaper notes that this figure is less than 2x leverage, which offers some American funds. But unlike them, develop plans to use cash borrowings instead of derivatives. Fund not daily, not daily, daily.
Crypto ETFS has thickened 2024 in Canada. The outflow lasted directly for five months. Investors Allegedly According to National Bank Financial, these funds were drawn more than C $ 1.1 billion. Most of the money went to the south, where the US Spot Bitcoin ETF was launched in January 2024.
Earlier this year, the Canadian government expressed concern about the growing use of cryptocurrency in illegal opioid trade, especially in smuggling and production of fentinyls and other synthetic drugs. According to Canadian Financial Transaction and Report analysis Center, digital assets including stabelcoins are being used to facilitate international drug trade bypassing traditional financial systems.
