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)—at the moment are out there for buying and selling underneath 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 realize publicity to the value of Bitcoin, with the advantage of twice month-to-month distributions – a primary within the Canadian market,” mentioned Chris McHaney, Government Vice President, Funding Administration & Technique at International X. “We’ve seen vital demand for investments that may ship persistently 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 value of Bitcoin, whereas producing revenue by way of 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 coated name choices on as much as 50% of its portfolio to supply constant yield. It doesn’t hedge its publicity to foreign currency echange. 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 forex publicity.
This newest rollout brings the whole variety of International X ETFs listed on Cboe Canada to sixteen, underscoring the agency’s fast 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 accordance 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 an additional vital ETF launch. International X has persistently demonstrated management in creating accessible funding autos for stylish methods and we look ahead to strengthening our collaboration throughout Cboe’s international footprint as they proceed to carry new funding options to market.”
Traders can entry the brand new ETFs by way of commonplace brokerage platforms throughout Canada.
