Key stats
About EVOLVE BITCOIN ETF UNIT CAD
Home page
Inception date
Feb 19, 2021
Structure
Canadian Mutual Fund Trust (ON)
Dividend treatment
Distributes
Primary advisor
Evolve Funds Group, Inc.
The fund is passively managed to invest directly in bitcoin. Long-term holdings of bitcoin are purchased through Gemini NuSTAR LLC, other reputable bitcoin trading platforms, and OTC counterparties. Holdings are priced based on the CME Group and Crypto Facilities Bitcoin Reference Rate (CME CF BRR), a once-a-day benchmark index price for bitcoin denominated in US dollars. A geographically diverse set of spot prices are included in the index calculation to ensure the BRR reflects the global price of bitcoin. The BRR is calculated daily based on trades place on certain approved trading platforms during 15:00 16:00 London Time. The one-hour window is divided equally into twelve 5 minute segments. Each segment has a volume weighted median (VWM). The BRR value is expressed as the arithmetic mean of the 12 VWMs. The index is designed to be representative of the market but given the volatility, it may not be in all instances. The shares are eligible for registered accounts.
Classification
Geography
Global
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Miscellaneous
Bonds, Cash & Other99.89%
Miscellaneous99.89%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
EBIT assets under management is 242.21 M CAD. It's risen 20.32% over the last month.
EBIT fund flows account for −67.93 M CAD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
No, EBIT doesn't pay dividends to its holders.
EBIT shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Feb 19, 2021, and its management style is Passive.
EBIT expense ratio is 1.95% meaning you'd have to pay 1.95% of your investment to help manage the fund.
EBIT follows the CME CF Bitcoin Reference Rate Index - CAD - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
EBIT price has risen by 24.87% over the last month, and its yearly performance shows a 58.69% increase. See more dynamics on EBIT price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 25.02% over the last month, showed a 6.64% increase in three-month performance and has increased by 59.29% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 25.02% over the last month, showed a 6.64% increase in three-month performance and has increased by 59.29% in a year.
EBIT trades at a premium (3.39%) meaning the ETF is trading at a higher price than the calculated NAV.