Open Your Account Today!

Purpose Investments Files to List 3 More Crypto ETFs in Canada

TOP #1 Financial Expert will show you how to turn: $500 INTO $6,508 IN UNDER 1 TRADING WEEK.

CLICK BELOW OPEN YOUR ACCOUNT FREE & TAKE YOUR PHONE ALERT BY HAVING THE CHANCE TO RECEIVE A LIFE-CHANGING CALL TODAY.

(*3*)

Purpose Investments has filed to checklist three additional cryptocurrency exchange-traded funds with the Canadian securities regulators.

  • The proposals for the three actively-managed funds – dubbed Purpose Crypto Opportunities ETF, Purpose Bitcoin Yield ETF, and Purpose Ether Yield ETF – was announced on Wednesday following the launch of the asset supervisor’s bitcoin and ether ETFs earlier this yr.
  • The Crypto Opportunities ETF goals to make investments in corporations with publicity to digital belongings, akin to that filed by Evolve Funds with the Ontario Securities Commission in August.
  • The Bitcoin Yield and Ether Yield ETFs in the meantime will goal to provide traders month-to-month yield by implementing a derivatives-based technique and by acquiring both direct or oblique publicity to bitcoin and ether.
  • Purpose Investments will act because the supervisor for the 2 yield ETFs, whereas non-public funding supervisor Neuberger Berman Breton Hill ULC will function an impartial subadvisor for the Crypto Opportunities fund.
  • The Canada-based asset supervisor additionally plans to launch a privately-offered fund providing publicity to decentralized finance (DeFi).

Read extra: Ark Investment Management Opens Door for Fund to Invest in Canadian Crypto ETFs

SHARE WITH YOUR FRIENDS