International X Investments Canada Inc. has launched three new ETFs on Cboe Canada, increasing its footprint within the Canadian ETF market with merchandise that supply publicity to U.S. small-cap equities and Bitcoin. The ETFs—International X Enhanced Russell 2000 Coated Name ETF (RSCL), International X Bitcoin Coated Name ETF (BCCC), and International X Enhanced Bitcoin Coated Name ETF (BCCL)—are actually accessible for buying and selling beneath their respective tickers.
“With the launch of International X Bitcoin Coated Name ETF (BCCC) and International X Enhanced Bitcoin Coated Name ETF (BCCL), buyers now have two methods to achieve publicity to the value of Bitcoin, with the good thing about twice month-to-month distributions – a primary within the Canadian market,” mentioned Chris McHaney, Govt Vice President, Funding Administration & Technique at International X. “We’ve seen vital demand for investments that may ship constantly for Canadians, in addition to a continued urge for food for cryptocurrency-focused ETFs.”
RSCL seeks to trace the efficiency of the Russell 2000 RIC Capped Index, giving buyers entry to small-cap U.S. equities. It additionally goals to ship month-to-month revenue by writing lined name choices on the underlying belongings. BCCC and BCCL are designed to offer publicity to the value of Bitcoin, whereas producing revenue by name choice premiums. Each Bitcoin-linked ETFs can pay distributions twice per 30 days—a primary within the Canadian market.
BCCC invests primarily in ETFs that maintain Bitcoin and writes lined name choices on as much as 50% of its portfolio to supply constant yield. It doesn’t hedge its publicity to foreign exchange. BCCL builds on this construction by incorporating leverage, concentrating on a 125% leverage ratio to amplify publicity and returns. It, too, employs a dynamic lined name technique and doesn’t hedge its forex publicity.
This newest rollout brings the overall variety of International X ETFs listed on Cboe Canada to sixteen, underscoring the agency’s speedy progress and ongoing innovation in thematic and income-generating methods. Cboe Canada continues to be a hub for ETF exercise, facilitating round 15% of all quantity traded in Canadian-listed securities, in response to the announcement.
Victor Werny, Head of North American ETP Listings at Cboe International Markets, added, “It’s our pleasure to welcome International X again to Cboe Canada for one more vital ETF launch. International X has constantly demonstrated management in creating accessible funding automobiles for stylish methods and we stay up for strengthening our collaboration throughout Cboe’s international footprint as they proceed to convey new funding options to market.”
Traders can entry the brand new ETFs by commonplace brokerage platforms throughout Canada.
