Canada’s Scotiabank launches multi-crypto ETF with 3iQ
The bank’s asset manager and 3iQ debut an actively managed crypto ETF to Canadian investors, offering exposure to Bitcoin, Ether, Solana and XRP at a competitive 0.25% fee.
Scotiabank, one of Canada’s top-five banks by assets, has launched a new cryptocurrency exchange-traded fund in partnership with digital asset manager 3iQ, highlighting growing institutional adoption in a market that approved spot Bitcoin ETFs years before the United States.
Dynamic Funds, Scotiabank’s asset management arm, unveiled the Dynamic Active Multi-Crypto ETF on Wednesday. The liquid alternative fund will trade on Cboe Canada under the ticker DXMC, offering investors exposure to several digital assets, including Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP (XRP).
Bloomberg ETF analyst Eric Balchunas described the launch as highly competitive from a fee perspective. Dynamic said it reduced the fee from 0.45% to 0.25% until March 1, 2027.