BCGAME - Free 5BTC Daily Bonus!Purpose Investments is expected to launch the world's first actively managed cryptocurrency ETFs. The Canadian-based asset manager has asked Canadian securities regulators to launch crypto ETFs.
The asset manager recently announced that it has already submitted the preliminary prospectus and annual information form to the authorities. The three cryptographic ETFs, which could be the world's first actively managed cryptocurrency ETFs, are:
- Purpose Crypto Opportunities ETF
- Bitcoin Yield ETF Purpose
- Ether Yield ETF Objective
Purpose had already launched the first Bitcoin and Ether ETFs earlier this year – Purpose Bitcoin ETF and Purpose Ether ETF. Vlad Tasevski, COO of Purposeful Investing, there is a lot of potential value in the active management approach to cryptocurrency investments.
“We are focused on democratizing access to investment in cryptocurrencies so that everyone can benefit from the potential of this emerging asset class. We will continue to take a leadership role and ensure we are providing investors with the most practical, high-quality solutions they need.”
In addition, the company is also developing plans to launch a private offering fund that provides exposure to decentralized finance.
Bitcoin ETFs of income on ether
The Bitcoin Yield ETF objective is planning monthly distributions along with long-term capital appreciation. The main focus of this fund will be to implement a derivatives-based strategy for the securities in the portfolio to gain direct and indirect exposure to BTC.
Likewise, Unitholders investing in the ETF Purpose Ether Yield will receive monthly distributions along with long-term capital appreciation. Similar to the previous BTC-based yield ETF, the Ether Yield ETF objective will primarily follow a derivatives-based strategy to gain direct and indirect exposure to Ether. Purpose Investimentos itself will manage both income funds.
Purpose Crypto Opportunities ETF
This specific ETF targets returns through long-term capital appreciation by investing predominantly in publicly listed securities (including mutual funds) and derivative instruments that bring exposure to digital assets (including BTC and/or ETH). Private investment manager Neuberger Berman Breton Hill ULC will serve as an independent advisor to the Crypto Opportunities fund.
Greg Taylor, CIO of Purpose Investments, spoke about the decision to launch these ETFs,
“The cryptocurrency markets are known for their volatility. We urge the launch of these actively managed cryptocurrency ETFs to help investors benefit from active management by experienced investment professionals who will be well positioned to generate income and manage risk and volatility for investors. ”
