The world’s first directly backed ether ETFs are preparing to launch with Purpose, CI Global, and Evolve all set to list products on Tuesday.

Horizons ETFs has launched a pair of new funds – the BetaPro Bitcoin ETF (HBIT CN) and BetaPro Inverse Bitcoin ETF (BITI CN) – providing long or short exposure to bitcoin through the use of futures contracts.

CI Global Asset Management has become the third Canadian ETF issuer to launch a directly backed bitcoin ETF.

Evolve Funds has lowered the management fee on its Bitcoin ETF (EBIT CN) just one week after the fund launched on the Toronto Stock Exchange.

Canadian asset manager CI Investments has launched a suite of three actively managed ETFs on Toronto Stock Exchange providing exposure to liquid alternative investment strategies. Kurt MacAlpine, Chief Executive Officer of CI Financial, commented, “Our liquid alternatives are sophisticated and innovative strategies that offer distinct benefits for investor portfolios, including the potential for enhanced returns, capital preservation, and reduced correlation to traditional asset classes.”

Canadian ETF issuer CI First Asset has launched its first fund aimed at environmental, social, and governance (ESG) conscious investors: the CI First Asset MSCI World ESG Impact ETF (CESG CN) on NEO Exchange. Rohit Mehta, President of CI First Asset ETFs, said the fund provides “a meaningful way for investors to diversify their portfolios while allocating capital towards some of today’s most pressing global issues.”

Evolve Funds has unveiled a new actively managed ETF in Canada that seeks to maximize monthly income while preserving capital and liquidity by investing in high-interest deposit accounts. The Evolve High Interest Savings Account ETF (HISA CN) has listed on Aequitas NEO Exchange and comes with a management fee of 0.15%.

Toronto-headquartered CI Financial has agreed to acquire WisdomTree Asset Management Canada, the Canadian ETF business of WisdomTree Investments. The transaction will see CI Financial add 14 WisdomTree ETFs collectively housing approximately C$960 million to its ETF family. Kurt MacAlpine, CEO of CI Financial, commented, “As Canadians increasingly adopt the ETF structure, the addition of WisdomTree’s Canadian operations will expand our line-up of mandates and increase the scale of our ETF business”.

First Asset Investment Management has unveiled a new actively managed ETF in Canada – the CI First Asset High Interest Savings ETF (CSAV CN) – which seeks to maximize monthly income by investing in high-interest deposit accounts. “Many investors need to hold cash in their portfolios but end up sacrificing returns to achieve safety and liquidity,” said Rohit Mehta, President of CI First Asset ETFs. “The CI First Asset High Interest Savings ETF has been designed to be a higher-yielding alternative to holding cash directly while preserving the benefits of daily liquidity, convenience, and flexibility.”

First Asset Investment Management has announced it is to close its Toronto-listed First Asset Cambridge Core US Equity ETF and First Asset Cambridge Global Dividend ETF products on 30 November 2018.