Bitcoin
$42,201.61-1.02%
Ethereum
$2,868.05-1.73%
XRP
$0.925382-2.66%
Cardano
$2.25-3.53%
Polkadot
$29.01-8.02%
Stellar
$0.272223-3.77%
Dogecoin
$0.205317-2.82%
Chainlink
$23.95+2.33%
Uniswap
$18.86-5.54%
Polygon
$1.09-3.72%
Cosmos
$38.12-11.00%
Algorand
$1.68-6.79%
Litecoin
$148.03-4.11%
Bitcoin Cash
$507.52-1.67%
Wrapped Bitcoin
$42,258.00-1.15%
The Graph
$0.660891-5.22%
Tron
$0.088494-4.75%
Filecoin
$56.55-10.68%
Ethereum Classic
$46.40-3.86%
Tezos
$6.99-5.78%
Aave
$266.57-4.93%
Monero
$235.15-0.98%
EOS
$3.92-3.53%
NEO
$37.93-5.22%
IOTA
$1.19-5.28%
BitTorrent
$0.003183-3.79%
Bitcoin SV
$136.08-1.67%
Waves
$23.35-6.60%
Maker
$2,201.26-5.00%
Dash
$159.54-4.55%
Decred
$112.21-3.17%
Decentraland
$0.668145-5.19%
ICON
$1.51-4.98%
NEM
$0.143912-4.00%
Zcash
$108.83-2.50%
OmiseGO
$8.67-3.93%
Paxos Standard
$1.01+0.08%
NuCypher
$0.281845+0.91%
Yearn Finance
$29,313.12-1.33%
Ren
$0.989260-10.55%
Bitcoin Gold
$52.01-3.47%
Qtum
$9.37-5.90%
Fetch.ai
$0.811432+2.41%
Basic Attention Token
$0.623600-4.50%
0x
$0.874262-4.49%
Kava.io
$5.63-9.26%
Bancor
$3.41-1.70%
Band Protocol
$7.20-3.41%
Siacoin
$0.014443-4.25%
Nano
$4.43-8.01%
Loopring
$0.374394-2.31%
Numeraire
$40.69-2.24%
Storj
$1.05-4.58%
Civic
$0.431848-7.60%
Lisk
$2.79-5.84%
Orchid
$0.320251-0.56%
PAX Gold
$1,760.24-0.02%
Enzyme
$158.68+19.76%
Augur
$20.77+1.27%
Aragon
$4.56-4.71%
district0x
$0.146397-2.12%
Kyber Network
$1.40-4.54%
SingularDTV
$0.001236-0.62%
Tether
$1.00+0.00%
USD Coin
$1.00+0.01%
Dai
$1.00+0.00%

Evolve Funds Files for Crypto ETF in Canada

The ETF would give investors indirect exposure to certain cryptocurrencies.

Aug 18, 2021 at 6:28 p.m. UTC
Updated Sep 14, 2021 at 1:42 p.m. UTC

Evolve Funds has filed a preliminary prospectus with the Ontario Securities Commission (OSC) for an Evolve Cryptocurrencies exchange-traded fund (ETF).

  • The Evolve Cryptocurrencies ETF would give investors “indirect exposure” to certain cryptocurrencies selected by an investment manager, weighted on a market cap basis and rebalanced monthly, the firm said in a press release.
  • Purpose Investment was the first firm to receive OSC approval and launch a bitcoin ETF in North America. Evolve is Canada’s second ETF issuer to have a bitcoin ETF approved by the OSC to trade on the Toronto Stock Exchange.
  • On April 16, three ether ETFs, launched by Purpose Investments, CI Global Asset Management and Evolve ETFs, all received approval. The began trading on the TSX on April 20.
  • Investors in Canada can hold cryptocurrencies in their brokerage account, including their Registered Retirement Savings Plan (RSP) and Tax-Free Savings Account (TFSA), said Raj Lala, CEO of Evolve ETFs.
  • “With the Evolve Cryptocurrencies ETF, investors will be able to take a broader approach by allocating to cryptocurrencies based on their market cap weightings,” Lala said.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Loading...