Canada's Scotiabank Adds Multi-Crypto ETF via 3iQ

The Dynamic Active Multi-Crypto ETF, under ticker DXMC, began trading on Cboe Canada on Wednesday.

Crypto News

Scotiabank has entered the digital asset ETF space through its asset management arm, Dynamic Funds, launching an actively managed multi-crypto fund in partnership with 3iQ. The Dynamic Active Multi-Crypto ETF, under ticker DXMC, began trading on Cboe Canada on Wednesday.

The fund offers exposure to four cryptocurrencies: Bitcoin, Ethereum, Solana and XRP. Dynamic reduced the management fee from 0.45% to 0.25% until March 1, 2027, a pricing move Bloomberg ETF analyst Eric Balchunas described as highly competitive.

Multi-asset crypto ETFs are structured to provide investors with access to a basket of

through a single regulated product traded on a traditional exchange, without requiring investors to hold or manage tokens directly on

platforms.

Scotiabank is one of Canada's five largest banks by assets. Its decision to launch the product reflects wider institutional interest in the asset class, particularly as the Canadian ETF market has a longer track record with crypto products than the United States.

Canada approved spot Bitcoin ETFs years before the U.S., with 3iQ launching one of the world's first publicly traded spot Bitcoin funds in 2021. That fund surpassed CAD$1 billion (around $733.4 million) in assets under management, a notable milestone given the size of Canada's