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National Post
30-04-2025
- Business
- National Post
Global X Launches New Small-Cap and Bitcoin ETFs on Cboe Canada
Article content 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. Article content Article content '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.' Article content The new Global X ETFs are as follows: Article content 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. Article content 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. Article content 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. Article content '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.' Article content 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. Article content 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. Article content 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. Article content 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. Article content 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. Article content 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. Article content Article content Article content Article content Article content
Associated Press
30-04-2025
- Business
- Associated Press
Global X Launches New Small-Cap and Bitcoin ETFs on Cboe Canada
TORONTO--(BUSINESS WIRE)--Apr 30, 2025-- 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. '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.' The new Global X ETFs are as follows: 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. 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. 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. '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.' 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. 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. About Cboe Canada 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. 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. 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. Connect with Cboe Canada: Website | LinkedIn | X | Instagram | Facebook About Global X Investments Canada 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. Connect with Global X Canada: Website | LinkedIn | X | Instagram | Facebook View source version on CONTACT: Cboe Canada Media Contact: [email protected] KEYWORD: NORTH AMERICA CANADA INDUSTRY KEYWORD: FINANCE CRYPTOCURRENCY PROFESSIONAL SERVICES ASSET MANAGEMENT FINTECH SOURCE: Cboe Canada Inc. Copyright Business Wire 2025. PUB: 04/30/2025 10:00 AM/DISC: 04/30/2025 10:02 AM
New Indian Express
24-04-2025
- Business
- New Indian Express
Brahmani riverfront, Greater Rourkela demand grows
ROURKELA: Demand for development of Brahmani riverfront and creation of Greater Rourkela Metropolitan Area has gained fresh momentum with two local outfits prodding RN Pali MLA of BJP Durga Charan Tanti to take up the issues with the state government. Members of Rourkela Bikas Manch (RBM) and Sachetan Nagarik Manch (SNM) on Tuesday held discussion with the MLA on the two key issues with a written request to take up the matter with the BJP government in Odisha. RBM president Suman Dutta said the proposed Brahmani riverfront development project has many benefits as it would attract tourists, help environmental sustainability, boost the local economy and protect the river from pollution. He said at present, the river ghats between Vedvyas and Panposh wear an ugly look due to indiscriminate dumping of garbage. Similarly, the proposal to create Greater Rourkela Metropolitan Area envisages integration of surrounding areas with the steel city to promote holistic growth and development of the region. If implemented, it would lead to enhanced infrastructure, opening of new economic opportunities in the region and improvement in the overall quality of life. The MLA said he has already sent the two proposals to the government and would soon follow up the issues with the appropriate authorities. Tanti further informed that in view of the demand for Greater Rourkela Metropolitan Area, he has already urged the Ministry of Road Transport and Highways to conduct a survey for an outer ring road. The outer ring road plan aims to cover Kalunga, Kansbahal, Rajgangpur, Birmitrapur, Nuagaon, Jareikela, Chandiposh, Lathikata and other areas to create a vital communication link for the proposed Greater Rourkela. Around five years back, the Rourkela Smart City Ltd (RSCL) had included the Brahmani riverfront development project on the eastern bank of the river at Panposh. A detailed project report with estimated cost of around `35 crore was prepared, but the RSCL shelved the proposal citing encroachment and technical issues. However, the Rourkela administration did not discard the riverfront project and has been juggling with plans to set up two such projects at Vedvyas and Panposh. In June 2023, the then RSCL chief executive officer Subhankar Mohapatra had asserted that the Brahmani riverfront project near Vedvyas temple complex would be taken up under the Rejuvenation of Water Bodies scheme and the administration was also considering setting up a similar project at Panposh.
