International X Investments Canada Inc. has launched three new ETFs on Cboe Canada, increasing its footprint within the Canadian ETF market with merchandise that provide publicity to U.S. small-cap equities and Bitcoin. The ETFs—International X Enhanced Russell 2000 Lined Name ETF (RSCL), International X Bitcoin Lined Name ETF (BCCC), and International X Enhanced Bitcoin Lined Name ETF (BCCL)—are actually obtainable for buying and selling beneath their respective tickers.
“With the launch of International X Bitcoin Lined Name ETF (BCCC) and International X Enhanced Bitcoin Lined Name ETF (BCCL), buyers now have two methods to realize publicity to the worth of Bitcoin, with the good thing about twice month-to-month distributions – a primary within the Canadian market,” stated Chris McHaney, Government 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 coated name choices on the underlying belongings. BCCC and BCCL are designed to supply publicity to the worth of Bitcoin, whereas producing revenue by way of name possibility 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 coated name choices on as much as 50% of its portfolio to provide constant yield. It doesn’t hedge its publicity to foreign currency. BCCL builds on this construction by incorporating leverage, focusing on a 125% leverage ratio to amplify publicity and returns. It, too, employs a dynamic coated name technique and doesn’t hedge its foreign money publicity.
This newest rollout brings the whole variety of International X ETFs listed on Cboe Canada to sixteen, underscoring the agency’s fast development 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 keeping with 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 autos for stylish methods and we stay up for strengthening our collaboration throughout Cboe’s international footprint as they proceed to carry new funding options to market.”
Buyers can entry the brand new ETFs by way of customary brokerage platforms throughout Canada.
