Global X Investments Canada Inc. has launched three additional ETFs on Cboe Canada, enhancing its presence in the Canadian ETF sector with products that provide exposure to U.S. small-cap stocks and Bitcoin. The ETFs—Global X Enhanced Russell 2000 Covered Call ETF (RSCL), Global X Bitcoin Covered Call ETF (BCCC), and Global X Enhanced Bitcoin Covered Call ETF (BCCL)—are now available for trading under their individual tickers.
“With the introduction of Global X Bitcoin Covered Call ETF (BCCC) and Global X Enhanced Bitcoin Covered Call ETF (BCCL), investors now have two avenues to obtain exposure to the value of Bitcoin, accompanied by bi-monthly distributions – a first in the Canadian market,” stated Chris McHaney, Executive Vice President, Investment Management & Strategy at Global X. “We’ve observed considerable interest in investment products that can consistently deliver for Canadians, along with a sustained demand for cryptocurrency-focused ETFs.”
RSCL aims to mirror the performance of the Russell 2000 RIC Capped Index, providing investors access to small-cap U.S. stocks. It also intends to generate monthly income by engaging in covered call options on the underlying assets. BCCC and BCCL are crafted to provide exposure to the value of Bitcoin, while producing income through call option premiums. Both Bitcoin-related ETFs will distribute payments twice monthly—a first in the Canadian landscape.
BCCC primarily allocates capital to ETFs holding Bitcoin and writes covered call options on up to 50% of its portfolio to achieve stable yields. It does not hedge against foreign currency exposure. BCCL expands on this framework by integrating leverage, aiming for a 125% leverage ratio to enhance exposure and returns. It too employs a flexible covered call strategy without currency hedging.
This recent launch increases the total number of Global X ETFs listed on Cboe Canada to sixteen, highlighting the firm’s rapid expansion and continuous innovation in thematic and income-producing strategies. Cboe Canada remains a central hub for ETF transactions, accounting for roughly 15% of all trading volume in Canadian-listed securities, as stated in the announcement.
Victor Werny, Head of North American ETP Listings at Cboe Global Markets, remarked, “It is our privilege to welcome Global X back to Cboe Canada for another major ETF launch. Global X has continuously shown leadership in creating accessible investment options for sophisticated strategies, and we are eager to enhance our collaboration within Cboe’s global network as they persist in introducing new investment solutions to the market.”
Investors may access the new ETFs through conventional brokerage services across Canada.
