The Globe and Mail reports in its Tuesday, Feb. 4, edition that Evolve Funds Group is launching Canada's first group of leveraged crypto exchange traded funds. The Globe's Clare O'Hara writes that Evolve Funds is set to file 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 ETFs 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. Evolve Funds plans to be the first in Canada to offer a "modest leverage" on bitcoin prices by borrowing cash to purchase additional bitcoin for the fund, rather than using derivatives. Currently the company manages Evolve Bitcoin ETF and Evolve Ether ETF, two non-leveraged funds which invest in crypto assets directly. 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. Evolve's application to launch leveraged crypto funds may attract a new wave of investors who are looking to catch up on the bitcoin craze which has seen prices climb 46 per cent since U.S.