Scotiabank‑3iQ Partnership Rolls Out Canada’s First Actively Managed Multi‑Crypto ETF
Dynamic Funds and digital‑asset manager 3iQ have launched the Dynamic Active Multi‑Crypto ETF (ticker DXMC) on Cboe Canada, giving investors regulated exposure to Bitcoin, Ether, Solana and XRP at a fee of 0.25%.
Toronto, March 5 2026 – Canada’s banking giant Scotiabank, through its asset‑management division Dynamic Funds, announced the debut of a new exchange‑traded fund that combines four of the most widely‑traded digital assets. The fund, branded the Dynamic Active Multi‑Crypto ETF, will be listed on Cboe Canada under the ticker DXMC and is being offered in partnership with the digital‑asset specialist 3iQ.
The ETF is an actively managed “liquid alternative” fund that allocates capital across Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP. To make the product more attractive to retail and institutional investors, Dynamic Funds reduced the expense ratio from 0.45% to 0.25% for the period ending 1 March 2027, a level that Bloomberg ETF analyst Eric Balchunas highlighted as unusually low for a multi‑crypto vehicle.
Why the launch matters
- Diversification in a single product – Rather than purchasing each cryptocurrency on a separate exchange, investors can obtain exposure to a basket of assets through a regulated instrument that trades on a traditional stock market.
- Active management – The fund’s managers will rebalance the portfolio in response to market conditions, potentially mitigating the volatility that often characterises single‑asset crypto ETFs.
- Competitive pricing – At 0.25% the fee is well below the 0.40‑0.55% range seen in many comparable North‑American crypto ETFs, which could drive greater inflows, especially from cost‑sensitive investors.
- Regulatory confidence – The product is overseen by Canada’s securities regulators, reinforcing the country’s reputation as an early adopter of spot crypto ETFs—an advantage Canada has maintained since the first Bitcoin ETF launched in 2021.
Context: Canada’s head start in crypto ETFs
Canada was among the first jurisdictions to approve spot Bitcoin exchange‑traded funds, with 3iQ’s BTC‑Q product debuting in 2021, years before the U.S. Securities and Exchange Commission granted similar approvals. That early move helped the Canadian market reach C$1 billion in assets under management for a single‑asset Bitcoin ETF within a short time.
Since then, the ecosystem has broadened to include spot Ether funds and other digital‑asset offerings listed on both the Toronto Stock Exchange and Cboe Canada. The current launch adds a multi‑asset dimension, reflecting investor demand for diversified crypto exposure without the operational complexities of managing multiple wallets or custodial arrangements.
3iQ’s recent developments
The partnership comes as 3iQ is completing a $111.84 million acquisition by Japan’s Coincheck exchange, a transaction slated to close in the second quarter of 2026. The deal underscores the growing cross‑border interest in Canadian crypto‑ETF infrastructure and could provide additional resources for product development and distribution.
Analyst view
Industry observers note that the reduced fee structure may put pressure on other Canadian crypto‑ETF providers to re‑evaluate their pricing. Moreover, the active‑management approach sets the DXMC fund apart from the majority of passive, index‑tracked crypto ETFs, potentially appealing to investors who seek tactical exposure while still benefiting from the regulatory safeguards of a listed fund.
Key takeaways
- Product launch: Dynamic Active Multi‑Crypto ETF (DXMC) on Cboe Canada, covering BTC, ETH, SOL, XRP.
- Fee advantage: Expense ratio cut to 0.25% (down from 0.45%) until March 1 2027.
- Strategic partnership: Scotiabank’s Dynamic Funds teams with digital‑asset manager 3iQ, soon to be part of Coincheck.
- Market impact: Adds a diversified, actively managed option to Canada’s already robust crypto‑ETF landscape, likely to attract both retail and institutional capital.
- Regulatory backdrop: Reinforces Canada’s position as a pioneer in regulated crypto investment products, ahead of the United States in spot‑ETF approvals.
The launch highlights the continued maturation of Canada’s cryptocurrency investment framework, offering a regulated pathway for diversified crypto exposure at a compelling cost.
Source: https://cointelegraph.com/news/scotiabank-launches-multi-crypto-etf-with-3iq?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound
