Global X makes its debut in three new ETFs at Canadian CBOE, including Bitcoin-centric revenue fund
Global X Investments Canada Inc. has launched three new ETFs at the Canadian CBOE and has expanded its footprint in the Canadian ETF market with products that provide exposure to small U.S. stocks and Bitcoin. ETF – Global X enhances the call ETF (RSCL), the Global X Bitcoin Coverage Call ETF (BCCC), and the Global X Enhanced Bitcoin Coverage Call ETF (BCCL) – now trading under the respective tickers.
“With the Global X Bitcoin Coverage Call ETF (BCCC) and the Global X Enhanced Bitcoin Coverage Call ETF (BCCL), now there are two ways investors can attract Bitcoin prices, benefiting twice a month’s allocation of benefits, the first in the Canadian market, and the ongoing appetite of crypto-centric ETFs.”
RSCL attempts to track the performance of the Russell 2000 RIC cap index, allowing investors to use small U.S. stocks. It is also designed to provide monthly revenue by writing covered call options on the underlying assets. BCCC and BCCL are designed to provide exposure to the price of Bitcoin while generating income through calling option premiums. Both ETFs linked to Bitcoin will be paid twice a month for distribution, the first distribution in the Canadian market.
BCCC mainly invests in ETFs that hold Bitcoin and writes over 50% of its portfolio to produce consistent yields. It will not hedge the exposure of its foreign currency. BCCL expands exposure and returns by combining leverage at a 125% leverage ratio. It also adopts a dynamic call strategy and does not hedge its currency exposure.
The latest launch brings the total number of global X ETFs listed by CBOE in Canada to 16, highlighting the company’s rapid growth and sustained innovation in themes and revenue-generating strategies. The announcement said the Canadian CBOE remains a hub of ETF activity, facilitating 15% of all the number of Canadian listed securities trading.
Victor Werny, Head of North America ETP Listing at CBOE Global Markets, added: “We are delighted to welcome Global X back to CBOE Canada for another important ETF launch. GlobalX consistently demonstrates leadership in creating accessible investment tools for mature strategies and we look forward to our collaboration in CBOE to enhance their collaboration in CBOE to continue to provide them with new investment solutions.
Investors can access new ETFs through standard brokerage platforms across Canada.
