Canada's First Multi-Crypto ETF Launches: Scotiabank and 3iQ Usher in New Era of Mainstream Investment
A significant milestone has been reached in the Canadian financial sector: Scotiabank, in collaboration with digital asset manager 3iQ, has launched the Dynamic Active Multi-Crypto ETF (DXMC), becoming the country's first actively managed multi-cryptocurrency ETF. The fund is now officially listed on the Cboe Canada exchange, providing retail investors with a compliant, transparent, and diversified channel for allocating crypto assets.
The DXMC fund's portfolio includes four major digital assets: Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Ripple (XRP). Unlike passive ETFs that track only a single asset, this fund employs an active management strategy, with 3iQ's professional team adjusting the weighting of each asset in real-time based on market dynamics, aiming to optimize the risk-reward ratio in a volatile market.
In terms of fee structure, the fund has set a highly competitive management fee of 0.25%, valid until March 1, 2027. This rate is significantly lower than traditional actively managed funds and is also at the leading edge of the current crypto ETF market, lowering the barrier for retail investors to participate in the digital asset market.
This collaboration marks the deep integration of traditional finance and the crypto world. As one of Canada's Big Five banks with nearly 200 years of history, Scotiabank brings strong institutional credibility, a broad customer base, and compliant custody capabilities to the product. 3iQ, as a pioneer in Canada's digital asset sector, launched the country's first listed Bitcoin fund in 2020 and has deep blockchain technology expertise and asset management experience. Their synergy not only enhances the product's security and professionalism but also provides investors with a clearer educational path and greater trust.
Canada has been a leader in global crypto financial regulation. Regulatory bodies such as the Canadian Securities Administrators (CSA) and the Ontario Securities Commission (OSC) have established a relatively complete compliance framework for crypto funds. 3iQ has previously successfully issued several single-asset crypto ETFs. The launch of this multi-crypto actively managed ETF further solidifies Canada's leading position in digital asset financial innovation and provides a reference model for other markets worldwide.