Top Canadian Bank Launches Multi-Crypto ETF with BTC, ETH, SOL, XRP
Scotiabank's asset manager, Dynamic Funds, launched an actively managed multi-crypto ETF with 3iQ, offering exposure to BTC, ETH, SOL, and XRP.Summary
Scotiabank, one of Canada's top-five banks, has partnered with digital asset manager 3iQ to launch the Dynamic Active Multi-Crypto ETF (ticker: DXMC) on Cboe Canada. This actively managed fund provides Canadian investors with exposure to a basket of digital assets, specifically Bitcoin (BTC), Ether (ETH), Solana (SOL), and XRP (XRP).
The fund is competitively priced, with Dynamic Funds reducing the management fee from 0.45% to 0.25% until March 1, 2027. This launch underscores Canada's early adoption of crypto investment products, having approved spot Bitcoin ETFs years before the US.
Canada's ETF market, led by firms like 3iQ (which was recently acquired by Japan's Coincheck), has expanded to include various regulated digital asset products, offering investors a convenient way to gain exposure to multiple cryptocurrencies through a single, traditional exchange-traded fund.
(Source：Cointelegraph)