Key stats
About EVOLVE LEVERED BITCOIN UNITS UNHEDGED ETF CAD
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Inception date
Mar 17, 2025
Structure
Canadian Mutual Fund Trust (ON)
Distribution tax treatment
Ordinary income
Primary advisor
Evolve Funds Group, Inc.
The fund is a leveraged bitcoin exposure ETF designed to deliver 1.25x the daily price movement of the US dollar price of Bitcoin (BTC). Instead of directly holding Bitcoin, the fund gains exposure through publicly offered investment funds, primarily investing in the Evolve Bitcoin ETF (EBIT), an affiliated fund managed by the same issuer that holds physical Bitcoin. The strategy centers on cash borrowing to create leverage, maintaining a target leverage of 25% of its net asset value (NAV) and rebalancing within two business days if leverage exceeds 27% of NAV. Unlike traditional leveraged funds, LBIT does not use derivatives. The fund does not hedge foreign exchange risk, meaning fluctuations in currency values can impact CAD-denominated units. Due to LBIT’s leveraged nature, it is significantly more volatile than spot Bitcoin.
Classification
Symbol
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
ETF
Bonds, Cash & Other100.00%
ETF125.14%
Cash−25.14%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
LBIT assets under management is 1.98 M CAD. It's risen 20.13% over the last month.
LBIT fund flows account for 0.00 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, LBIT doesn't pay dividends to its holders.
LBIT shares are issued by Evolve Funds Group, Inc. under the brand Evolve. The ETF was launched on Mar 17, 2025, and its management style is Active.
LBIT follows the BTC/USD Exchange Rate - USD - Benchmark Price Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
LBIT invests in funds.
LBIT trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.