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Global X Debuts Three New ETFs on Cboe Canada, Including Bitcoin-Focused Income Funds

Global X Investments Canada Inc. has actually presented three new ETFs on Cboe Canada, broadening its footprint in the Canadian ETF market with items that provide direct exposure to U.S. small-cap equities and Bitcoin. The ETFs—Global X Enhanced Russell 2000 Covered Call ETF (RSCL), Global X Bitcoin Covered Call ETF (BCCC), and Global X Enhanced Bitcoin Covered Call ETF (BCCL)—are now readily available for trading under their particular 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 distributions – a first in the Canadian marketplace,” stated Chris McHaney, Executive Vice President, Investment Management & Strategy at Global X. “We’ve seen significant demand for investments that can deliver consistently for Canadians, as well as a continued appetite for cryptocurrency-focused ETFs.”

RSCL looks for to track the efficiency of the Russell 2000 RIC Capped Index, providing financiers access to small-cap U.S. equities. It also intends to provide regular monthly income by composing covered call alternatives on the underlying possessions. BCCC and BCCL are developed to offer direct exposure to the cost of Bitcoin, while producing income through call choice premiums. Both Bitcoin-connected ETFs will pay circulations two times monthly—an initially in the Canadian market.

BCCC invests mostly in ETFs that hold Bitcoin and composes covered call alternatives on as much as 50% of its portfolio to produce constant yield. It does not hedge its direct exposure to foreign currencies. BCCL develops on this structure by integrating take advantage of, targeting a 125% take advantage of ratio to enhance direct exposure and returns. It, too, uses a vibrant covered call technique and does not hedge its currency direct exposure.

This most current rollout brings the overall variety of Global X ETFs noted on Cboe Canada to sixteen, highlighting the company’s fast development and continuous development in thematic and income-generating techniques. Cboe Canada continues to be a center for ETF activity, helping with around 15% of all volume sold Canadian-noted securities, according to the statement.

Victor Werny, Head of North American ETP Listings at Cboe Global Markets, included, “It is our pleasure to welcome Global X back to Cboe Canada for another significant ETF launch. Global X has consistently demonstrated leadership in creating accessible investment vehicles for sophisticated strategies and we look forward to strengthening our collaboration across Cboe’s global footprint as they continue to bring new investment solutions to market.”

Investors can access the new ETFs through basic brokerage platforms throughout Canada.

This post Global X Debuts Three New ETFs on Cboe Canada, Including Bitcoin-Focused Income Funds initially appeared on Bitcoin Magazine and is composed by Jenna Montgomery.

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