The Globe and Mail reports in its Tuesday edition that Canadian exchange-traded funds provider Evolve Funds Group plans to launch the country's first group of leveraged crypto ETFs with hopes of drawing back investor dollars from U.S. funds. The Globe's Clare O'Hara writes that Evolve Funds is set to announce Tuesday that it has filed a preliminary prospectus with the Ontario Securities Commission to launch two investment funds that will provide investors the opportunity to access 1.25 times the price of bitcoin and ether. Leveraged exchange-traded funds carry a higher risk rating than standard ETFs, as they typically aim to deliver two or three times the return on their stated underlying index. Currently, there are several U.S. asset managers that offer crypto funds with two times leverage. Currently the company manages Evolve Bitcoin ETF and Evolve Ether ETF. If approved, the Evolve Levered Bitcoin ETF and the Evolve Levered Ether ETF will give a leverage of 25 per cent of their underlying assets. "The launch of new innovative crypto products not seen in the U.S. may help Canadian crypto ETFs to catch up in flows -- if the crypto market continues to rally," TD Securities' ETF analyst Andres Rincon told The Globe.