Global X Investments Canada Inc. has launched three new ETFs on Cboe Canada. The ETFs—Global X Enhanced Russell 2000 Covered Call ETF (RSCL), Global X Bitcoin Covered Call ETF (BCCC), and Global X Enhanced Bitcoin Covered Call ETF (BCCL)—are now available for trading on Cboe Canada, expanding Global X’s footprint in the Canadian ETF market with products that offer exposure to U.S. small-cap equities and Bitcoin.
RSCL is designed to track the performance of the Russell 2000 RIC Capped Index, providing investors with broad exposure to small-cap U.S. equities. The ETF also aims to deliver monthly income by writing covered call options on the underlying assets.
BCCC is linked to the price of Bitcoin and seeks to generate income through premiums collected from writing call options. Both Bitcoin-linked ETFs will pay distributions twice per month, a first in the Canadian market.
BCCC invests primarily in ETFs that hold Bitcoin and writes covered call options on up to 50% of its portfolio to produce consistent yield. It does not hedge its exposure to foreign currencies.
BCCL builds on this structure by incorporating leverage, targeting a 125% leverage ratio to amplify exposure and returns. It, too, employs a dynamic covered call strategy and does not hedge its currency exposure.
This latest launch brings the total number of Global X ETFs listed on Cboe Canada to sixteen. Cboe Canada continues to be a hub for ETF activity, facilitating around 15% of all volume traded in Canadian-listed securities.
“We are pleased to welcome back Global X Investments Canada to Cboe Canada for another significant ETF launch,” said Victor Werny, Head of North American ETP Listings at Cboe Global Markets. “Global X is a preferred partner in expanding the accessible investment landscape with sophisticated strategies. We look forward to strengthening our collaboration across Cboe’s global footprint as they continue to bring new investment solutions to market.”
The new ETFs can be accessed through standard brokerage platforms across Canada.
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