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Evolve Levered ETFs begin trading on TSX

2025-03-18 16:33 ET - News Release

See News Release (C-LBIT) Evolve Levered Bitcoin ETF

Mr. Keith Crone reports

EVOLVE LEVERED BITCOIN ETF AND EVOLVE LEVERED ETHER ETF BEGIN TRADING TODAY ON TSX

Evolve Funds Group Inc. has launched Canada's first levered bitcoin and ether exchange-traded funds. Evolve Levered Bitcoin ETF and Evolve Levered Ether ETF have closed initial offerings of units and will begin trading on the Toronto Stock Exchange today under the ticker symbols LBIT (Canadian-dollar units), LBIT.U (U.S.-dollar units), LETH (Canadian-dollar units) and LETH.U (U.S.-dollar units).

LBIT's investment objective is to provide unitholders with exposure to 1.25 times the daily price movements of the U.S.-dollar price of bitcoin while experiencing minimal tracking error by investing in other publicly offered investment funds managed by the manager. LBIT intends to invest in the Evolve Bitcoin ETF, which is an investment fund currently managed by the manager.

LETH's investment objective is to provide unitholders with exposure to 1.25 times the daily price movements of the U.S.-dollar price of ether while experiencing minimal tracking error by investing in other publicly offered investment funds managed by the manager. LETH intends to invest in the Evolve Ether ETF, which is an investment fund currently managed by the manager.

LBIT and LETH will use leverage to achieve their investment objectives. Leverage increases risk. Leverage will be created through the use of cash borrowings or as otherwise permitted under applicable securities legislation.

LBIT and LETH do not seek to hedge any foreign currency exposure in respect of U.S.-dollar units or Canadian-dollar units.

About Evolve Funds Group Inc.

With over $7-billion in assets under management, Evolve is one of Canada's fastest-growing ETF providers since launching its first ETF in September, 2017. Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provides investors with access to: (i) index-based income strategies; (ii) long-term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a proven record of success, Evolve creates investment products that make a difference.

Commissions, trailing commissions, management fees and expenses all may be associated with exchange-traded funds and mutual funds. Please read the prospectus before investing. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to the ETF and mutual fund. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies.

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