About Evolve Funds Group Inc.
Evolve, a provider of exchange-traded funds (ETFs), has experienced one of Canada’s quickest rates of growth since introducing its first ETF in September 2017. It currently manages about $2 billion in assets. Canadian investors can purchase disruptive innovation ETFs through Evolve, a market leader in thematic ETFs. The range of ETFs offered by Evolve give investors access to 1. disruptive innovation etf 2. Equity income etf 3.Fixed income etf 4. High Interest Savings Account Fund 5. Cryptocurrency etf. Evolve was founded by a group of seasoned professionals with a successful track record.
| Founded | 2017 | Contact | info@evolveetfs.com t. 416.2144884 tf. 1844.3704884 |
| Founder | Raj Lala | Headquarter | 40 King Street West, Suite 3404 Toronto ON M5H 3Y2 |
| Website | www.evolveetfs.com | Type | Privately Held |
| Click here | Click here |
What Is Evolve Cryptocurrencies ETF?
If you’ve been considering investing in Bitcoin and Ethereum, this might be a good moment to do it without worry of losing your private keys or being hacked. When it comes to the client experience, the Evolve Cryptocurrencies ETF’s goal is simple and similar to that of other traditional Etf.
since Exchange-Traded Funds are accessible through your current brokerage accounts, you don’t need to open an account with a cryptocurrency exchange.Similar to commodity funds, as the investor you now own units of the ETF, which owns physically settled Ethereum.
On the Toronto Stock Exchange, the Evolve Cryptocurrencies ETF is listed under two different tickers:
ETC-Unhedged exposure to daily changes in the price of ether in Canadian dollars.
| TICKER | ETC | Option Available | No |
| ISIN | CA3005342033 | Chart | Click here |
| Bloomberg | ETC CN Equity | Expense ratio | 0.00% (plus applicable sales taxes) |
| Currency Hedged | Yes | Leverage | No |
| Base currency | CAD | Fund structure | Open-end Fund |
ETC.U-Exposure to the daily price movements of Ether in USD.
| TICKER | ETC.U | Option Available | No |
| ISIN | CA3005341043 | Chart | Click here |
| Bloomberg | ETC/U CN Equity | Expense ratio | 0.00% (plus applicable sales taxes) |
| Currency Hedged | Yes | Leverage | No |
| Base currency | CAD | Fund structure | Open-end Fund |
What Does Evolve Cryptocurrencies ETF Invest In?
The Evolve Cryptocurrencies ETF currently holds Bitcoin(Bitcoin ETF) and Ethereum(Ether ETF).
Who should put money into this fund?
Investors that want exposure to daily changes in the price of Bitcoin and Ether in USD OR CAD dollars and are willing to tolerate a high level of investment risk.
How NAV is calculated?
The ETF’s Net Asset Value (NAV) will be computed using the CME CF Ether-Dollar Reference Rate. On each trading day, the NAV is determined at 11:00 a.m. (ET).
Evolve Cryptocurrencies ETF Details
| Issuer | Evolve Funds Group Inc. | prospectus | Click here |
| Fund Administrator | CIBC Mellon Global Securities Services Company | SUB-CUSTODIAN | Gemini Trust Company, LLC |
| Auditor | Ernst & Young LLP | REGISTRAR & TRANSFER AGENT | TSX Trust Company |
| Management strategy | Actively managed | Exchange | Toronto Stock Exchange |
| Legal structure | ETF | MINIMUM INVESTMENT | NO |
| Protfolio | Bitcoin ETF (EBIT) Ether ETF (ETHR) | INDEX PROVIDER | CF Benchmarks Ltd |
| ETF Facts | Click here | Fund Manager | Evolve Funds Group Inc. |
| Fund currency | Unhedged to CAD (ETC) USD (ETC.U) | Jurisdiction | Canada |
| Inception/ Listing Date | September 29, 2021 | Rebalancing Frequency | Monthly |
How are ETF fees deducted?
The Evolve Cryptocurrencies ETF (ETCunderlying )’s investment funds will cover management costs and trading costs. Currently, a management charge of 0.75% plus applicable taxes is paid by EBIT and ETHR.
Pros of Evolve Cryptocurrencies ETF
• Etf are less difficult to invest in than cryptocurrency:
ETF can be purchased, sold, and held in traditional brokerage accounts. Etf do not necessitate the creation of a digital wallet, the password for which may be forgotten.
ETF are issued by regulated businesses, the risk of fraud, scandals, or collapses connected with cryptocurrency investments is reduced.
cryptocurrency ETFs are regulated by some governments, making them eligible for investments through government-regulated tax plans, such as the Canadian Registered Retirement Savings Plan (RRSP) and the Tax Free Savings Account (TFSA), which allow users to invest in crypto ETFs while reaping tax benefits.
Cons of Evolve Cryptocurrencies ETF
A highly volatile asset, bitcoin and ether value can change significantly in a short period of time. A substantial level of risk results from this volatility.
Fees for Cryptocurrency funds are typically higher than those for standard Etf.
Crypto assets trade 24 hours a day, crypto etfs only trade during market hours.
Naren is a finance graduate who is passionate about cryptocurrency and blockchain technology. He demonstrates his expertise in these subjects by writing for cryptoetf.in. Thanks to his finance background, he is able to write effectively about cryptocurrency.