World 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—World X Enhanced Russell 2000 Coated Name ETF (RSCL), World X Bitcoin Coated Name ETF (BCCC), and World X Enhanced Bitcoin Coated Name ETF (BCCL)—at the moment are obtainable for buying and selling below their respective tickers.
“With the launch of World X Bitcoin Coated Name ETF (BCCC) and World X Enhanced Bitcoin Coated Name ETF (BCCL), traders now have two methods to achieve publicity to the worth of Bitcoin, with the good thing about twice month-to-month distributions – a primary within the Canadian market,” stated Chris McHaney, Govt Vice President, Funding Administration & Technique at World 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 revenue by writing lined name choices on the underlying property. BCCC and BCCL are designed to offer publicity to the price of Bitcoin, whereas producing revenue by name possibility premiums. Each Bitcoin-linked ETFs can pay distributions twice per thirty days—a primary within the Canadian market.
BCCC invests primarily in ETFs that maintain Bitcoin and writes lined 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 lined name technique and doesn’t hedge its foreign money publicity.
This newest rollout brings the entire variety of World X ETFs listed on Cboe Canada to sixteen, underscoring the agency’s speedy 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 keeping with the announcement.
Victor Werny, Head of North American ETP Listings at Cboe World Markets, added, “It’s our pleasure to welcome World X again to Cboe Canada for an additional important ETF launch. World X has constantly demonstrated management in creating accessible funding autos for classy methods and we look ahead to strengthening our collaboration throughout Cboe’s international footprint as they proceed to carry new funding options to market.”
Buyers can entry the brand new ETFs by customary brokerage platforms throughout Canada.