Canada’s 1832 Asset Management has launched an active multi-cryptocurrency exchange-traded fund on Cboe Canada Markets.
The Dynamic Active Multi-Crypto ETF aims for long-term capital appreciation through exposure to the performance of a basket of actively managed crypto assets.
Dynamic, a division of 1832 Asset Management, announced the ETF launch in a statement on March 12.
Local asset manager 3iQ Digital Asset Management is the sub-adviser for the ETF.
“We have witnessed an evolution in the maturity of crypto assets, supported by growing investor demand, institutional adoption and regulatory progress,” according to Mark Brisley, head of Dynamic.
“Together with 3iQ – pioneers in this space – we’re pleased to offer investors simplified access to crypto assets through an active ETF solution to help investors enhance return potential as part of a diversified portfolio.”
Pascal St-Jean, chief executive of 3iQ, describes the firm’s relationship with Dynamic and the ETF launch as “a meaningful step in the convergence of traditional finance and digital assets”.
“Together, we are bringing investors a sophisticated institutional-grade multi-crypto strategy and continue to redefine crypto investing,” he says.
