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Canada's Evolve Funds Files Preliminary Prospectus For Crypto ETF

Mary Liu

Summary: U.S. crypto ETFs have been slow to launch, but Canada has the opposite. Evolve Funds Group Inc., a Toronto-based assets management company, filed a preliminary prospectus for the Evolve Cryptocurrencies ETF to the Ontario Securities Commission (OSC). The ETF will provide investors with indirect exposure to certain cryptocurrencies selected by fund managers, weighted by market value, ...

U.S. crypto ETFs have been slow to launch, but Canada has the opposite.

Evolve Funds Group Inc., a Toronto-based assets management company, filed a preliminary prospectus for the Evolve Cryptocurrencies ETF to the Ontario Securities Commission (OSC).

The ETF will provide investors with indirect exposure to certain cryptocurrencies selected by fund managers, weighted by market value, and rebalanced monthly. 

The fund will initially invest in two Evolve crypto funds launched earlier this year, namely Bitcoin ETF and Ethereum ETF. The total assets of these two funds are more than $160 million. 

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