Scotiabank and 3iQ Launch Actively Managed Multi-Crypto ETF in Canada
Scotiabank’s asset management arm and Canadian digital-asset manager 3iQ have debuted an actively managed cryptocurrency ETF for Canadian investors that holds Bitcoin, Ether, Solana and XRP. Priced at a competitive 0.25% management fee, the fund is positioned as a single-ticket way to gain diversified crypto exposure through familiar brokerage and registered account channels while allowing the manager to adjust allocations over time.
The partnership pairs a major bank’s distribution reach with a specialist crypto manager, a combination that could attract both retail and institutional inflows and put pressure on fees for similar products. XRP’s inclusion is notable given differing regulatory approaches internationally, underscoring Canada’s more permissive market for digital assets. As always, investors should balance the convenience and diversification of an ETF against crypto volatility, custody considerations and active-management risk.