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Scotiabank’s Dynamic Funds Launches Active Multi‑Crypto ETF DXMC in Canada

The launch positions Scotiabank as Canada’s first bank manager of an active crypto ETF.

Overview

  • DXMC trades on Cboe Canada and offers single‑ticket exposure to Bitcoin, Ether, Solana and XRP inside a regulated ETF.
  • Dynamic set a 0.25% management fee, cut from 0.45% and fixed through March 1, 2027, a level flagged by analysts as highly competitive for active management.
  • Bloomberg’s Eric Balchunas characterized the move as the first instance of a Canadian bank directly running an active crypto ETF.
  • Including XRP alongside Bitcoin, Ether and Solana was noted in coverage as a sign that Canadian compliance reviews now accommodate a broader set of assets.
  • Reports say Coincheck agreed to acquire early Canadian crypto‑fund issuer 3iQ in an all‑stock deal expected to close in Q2, as Canada ranks third by crypto‑product AUM at about $4.9 billion with recent inflows of $34 million.