International X Investments Canada Inc. has introduced 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 Coated Name ETF (RSCL), International X Bitcoin Coated Name ETF (BCCC), and International X Enhanced Bitcoin Coated Name ETF (BCCL)—at the moment are 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), traders now have two methods to realize publicity to the worth 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 important 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 traders entry to small-cap U.S. equities. It additionally goals to ship month-to-month earnings by writing coated name choices on the underlying property. BCCC and BCCL are designed to supply publicity to the price of Bitcoin, whereas producing earnings 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 supply constant yield. It doesn’t hedge its publicity to foreign exchange. 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 an additional important ETF launch. International X has constantly demonstrated management in creating accessible funding autos for classy methods and we look ahead to strengthening our collaboration throughout Cboe’s world footprint as they proceed to convey new funding options to market.”
Buyers can entry the brand new ETFs by way of normal brokerage platforms throughout Canada.
