Purpose Investments Files to List 3 More Crypto ETFs in Canada
The Canada-based asset manager also plans to launch a privately offered fund providing exposure to decentralized finance (DeFi).
Purpose Investments has filed to list three more cryptocurrency exchange-traded funds (ETFs) with the Canadian securities regulators.
- The Crypto Opportunities ETF aims to invest in companies with exposure to digital assets, akin to the ETF that Evolve Funds filed with the Ontario Securities Commission in August.
- The Bitcoin Yield and Ether Yield ETFs meanwhile will aim to offer investors monthly yield by implementing a derivatives-based strategy and by obtaining either direct or indirect exposure to bitcoin and ether.
- Purpose Investments will act as the manager for the two yield ETFs, while private investment manager Neuberger Berman Breton Hill ULC will serve as an independent subadvisor for the Crypto Opportunities fund.
- The Canada-based asset manager also plans to launch a privately offered fund offering exposure to decentralized finance (DeFi).
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