Global X Investments Canada Inc. has introduced three new ETFs on Cboe Canada, expanding its imprint in the Canadian Etf market with products that offer exposure to US actions to small capital and bitcoin. The ETFS – Global X Enhanced Russell 2000 covered ETF (RSCL), Global X Bitcoin Call Call Etf (BCCC) and Global X Bitcoin Cointed Call Etf (BCCL) – are now available for negotiations under their respective tickers.
“With the launch of global x bitcoin Covered Call Etf (BCCC) and Global X Enhanced Bitcoin Covered Call Etf (BCCL), Investors Now have Two Ways to Gain Exposure to the Price of Bitcoin, with the benefit of Twice Monthly Distributes – A First in The Canadian Marketplace,” Said ” Chris Moveny, Executive Vice President, Investment Management & Strategy at Global X. “We’ve Seen meaning demand for investments that can deliver consistently for canadians, as well as a continuous appetite for ETFs focused on cryptocurrency.”
RSCL tries to keep track of the performance of the limited index Russell 2000 Ric, giving investors access to American capocchial actions. It also aims to provide monthly income by writing covered call options on the underlying activities. BCCC and BCCL are designed to provide exposure to the Bitcoin price, generating income through the call option prizes. Both ETFs connected to Bitcoin will pay the distributions twice a month, a first in the Canadian market.
BCCC mainly invests in ETFs that hold Bitcoin and writes call options covered up to 50% of its portfolio to produce a constant performance. Does not cover its exposure to foreign currencies. BCCL is based on this structure by incorporating the financial lever, aiming for a lever ratio of 125% to amplify exposure and returns. In addition, it takes a dynamic covered call strategy and does not cover its currency exposure.
This last launch brings the total number of global ETF x listed on Cboe Canada to sixteen, underlining the rapid growth of the company and the innovation in progress in the thematic and income generators. Cboe Canada continues to be a hub for the ATF activity, facilitating about 15% of all the volumes exchanged in Canadian list securities, according to the announcement.
Victor Werny, head of the north -American ETP lists at Cboe Global Markets, added: “It is our pleasure to welcome Global X again to Cboe Canada for another significant Etf launch. Global X has constantly demonstrated a leadership in the creation of access vehicles access
Investors can access new ETFs through standard intermediation platforms throughout Canada.