Scotiabank’s asset-management arm Dynamic Funds, together with digital-asset manager 3iQ, has introduced the Dynamic Active Multi-Crypto ETF. The actively managed, liquid-alternative ETF will trade on Cboe Canada under the ticker DXMC and provides regulated exposure to four major tokens—Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP—within a single, exchange-traded product.
By packaging multiple digital assets into one fund, DXMC lets investors gain diversified crypto exposure without purchasing and self-custodying each token on crypto exchanges. Dynamic initially set a management fee of 0.45% but cut it to 0.25% through March 1, 2027, a reduction Bloomberg ETF analyst Eric Balchunas called highly competitive in the marketplace.
Multi-asset crypto ETFs have been gaining traction because they simplify portfolio construction and are accessible through traditional brokerage accounts and exchanges. Canada has been an early adopter of crypto ETFs: firms such as 3iQ launched publicly traded spot Bitcoin funds as early as 2021, well before comparable spot products were approved in the United States, and the market has since expanded to include spot Ether and other digital-asset ETFs listed on the Toronto Stock Exchange and Cboe Canada.
3iQ was recently acquired by Japanese crypto exchange Coincheck in a deal valued at roughly $111.84 million, with the transaction expected to close in the second quarter of the year. The Dynamic–3iQ partnership and the DXMC listing reflect ongoing institutionalization and product innovation in Canada’s crypto ETF landscape.