Digital Assets Firm Gemini to Serve as Custodian for Evolve’s Levered Crypto ETFs
As institutional exposure to cryptocurrencies surge, key players are continuing to bring innovative and flexible investment products to meet this burgeoning demand. This, according to recent update from digital assets firm Gemini.
Gemini is pleased to announce that they will serve as the custodian to the Evolve Levered Bitcoin ETF and Evolve Levered Ether ETF which began trading on the Toronto Stock Exchange on Tuesday under the TSX ticker symbols “LBIT” and “LETH.”
Both ETFs offer investors leveraged exposure to the world of crypto, enabling the potential for “amplified returns while maintaining high standards of security and regulatory compliance.”
As Canada’s “first” modestly leveraged crypto ETF offerings available to retail investors, these products exemplify the spirit of innovation “that defines today’s rapidly changing digital assets industry.”
Evolve’s levered crypto ETFs offer flexible, “leveraged exposure to the crypto ecosystem in the form of bitcoin with LBIT and Ethereum with LETH.”
Unlike traditional levered ETFs that use derivative strategies, these products will rely on cash borrowing “to amplify returns that will optimize the costs of the leverage for the funds.”
By providing 1.25X exposure, the ETFs offer a “balanced blend of risk and reward, making them an attractive option for those looking to capture the upside of crypto market movements.”
Evolve has consistently pushed industry boundaries by “designing investment solutions that cater to both institutional and retail investors, and their collaboration reflects our mutual commitment to furthering this field of crypto investment.”
Investors can reportedly trade with confidence, as Gemini has “received certifications for SOC 1 Type 2 and SOC 2 Type 2 security examinations by Deloitte, ensuring that all assets under their care are segregated on our internal ledger for the benefit of fund owners.”
The launch of Evolve’s levered crypto ETFs represents “an advancement for the digital assets space.”
These products will play a central role in driving “broader adoption of digital assets by offering innovative, regulated investment solutions.”
Gemini concluded that they’re pleased to support Evolve in this venture, and tthey look forward to partnering “on future initiatives that continue to bridge the gap between the rapidly evolving digital asset landscape and mainstream financial markets.”