Key stats
About EVOLVE LEVERED BITCOIN UNITS UNHEDGED ETF CAD
Home page
Inception date
Mar 17, 2025
Structure
Canadian Mutual Fund Trust (ON)
Distribution tax treatment
Ordinary income
Primary advisor
Evolve Funds Group, Inc.
The fund is a leveraged bitcoin exposure ETF designed to deliver 1.25x the daily price movement of the US dollar price of Bitcoin (BTC). Instead of directly holding Bitcoin, the fund gains exposure through publicly offered investment funds, primarily investing in the Evolve Bitcoin ETF (EBIT), an affiliated fund managed by the same issuer that holds physical Bitcoin. The strategy centers on cash borrowing to create leverage, maintaining a target leverage of 25% of its net asset value (NAV) and rebalancing within two business days if leverage exceeds 27% of NAV. Unlike traditional leveraged funds, LBIT does not use derivatives. The fund does not hedge foreign exchange risk, meaning fluctuations in currency values can impact CAD-denominated units. Due to LBITs leveraged nature, it is significantly more volatile than spot Bitcoin.
Classification
Symbol
Geography
Global
What's in the fund
Exposure type
ETF
Bonds, Cash & Other100.00%
ETF124.58%
Cash−24.58%