Scotiabank launches multi-crypto ETF offering BTC, ETH, SOL and XRP

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. 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 and offers exposure to Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP (XRP). Dynamic said it cut the fee from 0.45% to 0.25% until March 1, 2027. Bloomberg ETF analyst Eric Balchunas described the launch as highly competitive from a fee perspective.

Multi-asset crypto ETFs are gaining traction because they give investors access to a basket of digital assets through a single regulated product, avoiding the need to buy and store tokens individually. Canada was an early mover in the space: 3iQ launched one of the world’s first publicly traded spot Bitcoin funds in 2021, which surpassed 1 billion Canadian dollars in assets, and the market has since expanded to include spot Ether and other products.

Canada

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