Global X Launches New Small-Cap and Bitcoin ETFs on Cboe Canada
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TORONTO — Today, Cboe Canada Inc. (' Cboe Canada ') is pleased to announce the launch of three new ETFs from Global X Investments Canada Inc. (' Global X '). Now trading on Cboe Canada under the symbols RSCL, BCCC, and BCCL, the new funds offer access to small-cap U.S. equities and bitcoin.
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'With the launch of Global X Bitcoin Covered Call ETF (BCCC) and Global X Enhanced Bitcoin Covered Call ETF (BCCL), investors now have two ways to gain exposure to the price of Bitcoin, with the benefit of twice monthly distributions – a first in the Canadian marketplace,' said Chris McHaney, Executive Vice President, Investment Management & Strategy at Global X. 'We've seen significant demand for investments that can deliver consistently for Canadians, as well as a continued appetite for cryptocurrency-focused ETFs. With that in mind, we're excited to bring these new ETFs onto Cboe and continue building on our track record of innovation.'
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The new Global X ETFs are as follows:
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Global X Enhanced Russell 2000 Covered Call ETF – ( RSCL) seeks to provide exposure to small-capitalization U.S. equities by tracking the performance of the Russel 2000 RIC Capped Index and seeks to provide high monthly distributions of dividend income and call option premiums. To generate premiums, RSCL engages in a dynamic covered call option writing program.
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Global X Bitcoin Covered Call ETF – ( BCCC) is designed to provide exposure to the performance of bitcoin and distributions of call option premiums. BCCC primarily invests, directly or indirectly, in exchange traded funds that provide exposure to bitcoin. BCCC will also write covered call options on up to 50% of the option eligible securities held in the portfolio of the fund to provide semi-monthly distributions and will not hedge foreign currency exposure.
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Global X Enhanced Bitcoin Covered Call ETF – ( BCCL) is designed to provide exposure to the performance of bitcoin and high distributions of call option premiums. BCCL also employs leverage through cash borrowing and generally endeavours to maintain a leverage ratio of approximately 125%. BCCL anticipates that it will seek to achieve its investment objective by investing in securities of an exchange traded fund. BCCL will employ a dynamic covered call option writing program to generate semi-monthly distributions and mitigate downside risk. BCCL will not hedge its exposure to foreign currencies back to the Canadian dollar.
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'It is our pleasure to welcome Global X back to Cboe Canada for another significant ETF launch,' said Victor Werny, Head of North American ETP Listings at Cboe Global Markets. 'Global X has consistently demonstrated leadership in creating accessible investment vehicles for sophisticated strategies and we look forward to strengthening our collaboration across Cboe's global footprint as they continue to bring new investment solutions to market.'
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The new funds are now trading alongside 13 Global X ETFs already listed on Cboe Canada. Investors can trade units of all Global X ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers.
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Cboe Canada is home to ETFs from Canada's largest ETF issuers, over 100 Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. Cboe consistently facilitates 15% of all volume traded in Canadian listed securities. Click here for a complete view of all Cboe-listed securities in Canada.
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Cboe Canada is a Tier 1 stock exchange providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.
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Cboe Canada is part of Cboe Global Markets, the leading securities and derivatives exchange network. With exchanges in North America, Europe, and Asia Pacific, Cboe is harnessing its footprint around the world to equip Issuers with essential capital market solutions.
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Cboe powers ETF Market Canada, a user-friendly platform providing investors and advisors with one-stop access to ETF research and analysis. Real-time, institutional-grade data allows users to compare, contrast, and explore the entire universe of 1,200+ Canadian ETFs, free of charge.
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Global X Investments Canada Inc. ('Global X') is an innovative financial services company and offers one of the largest suites of exchange traded funds in Canada. The Global X product family includes a broadly diversified range of solutions for investors of all experience levels to meet their investment objectives in a variety of market conditions. Global X has approximately $38 billion of assets under management and 142 ETFs listed on major Canadian stock exchanges. Global X is a wholly owned subsidiary of the Mirae Asset Financial Group, which manages approximately $900 billion of assets across 19 countries and global markets around the world.
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