Scotiabank’s asset-management arm, Dynamic Funds, and digital-asset manager 3iQ have launched the Dynamic Active Multi-Crypto ETF, an actively managed crypto fund that will trade on Cboe Canada under the ticker DXMC. The liquid-alternative ETF offers regulated exposure to Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP in a single product, letting investors access multiple tokens without buying and storing them individually on crypto exchanges.
Dynamic initially priced the management fee at 0.45% but cut it to 0.25% through March 1, 2027, a move Bloomberg ETF analyst Eric Balchunas described as highly competitive. Multi-asset crypto ETFs are gaining popularity because they simplify portfolio access to major digital assets and are tradable on traditional exchanges.
Canada has been an early leader in crypto ETFs. Asset managers like 3iQ launched publicly traded spot Bitcoin funds in Canada as early as 2021—years before similar spot products were approved in the United States—and quickly reached notable milestones in assets under management. The Canadian market has since expanded to include spot Ether and other digital-asset ETFs listed on venues such as 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 underscore continued institutionalization and product innovation within Canada’s crypto ETF market.
