~Leveraging Constancy’s institutional-grade safety and international management in Bitcoin and Blockchain~
TORONTO, Dec. 2, 2021 /CNW/ – Constancy Investments Canada ULC, one in every of Canada’s main funding administration companies, immediately introduced the launch of Constancy Benefit Bitcoin ETF™ and Constancy Benefit Bitcoin ETF Fund™ for buyers on the lookout for publicity to bitcoin, the most important cryptocurrency on the planet. These methods leverage Constancy Clearing Canada ULC (Constancy Clearing), Canada’s first Funding Trade Regulatory Group of Canada (IIROC) entity to supply a safe digital asset buying and selling and custody answer for institutional buyers together with funding funds.
Constancy Benefit Bitcoin ETF™ begins buying and selling on the Toronto Inventory Change immediately with ticker symbols: FBTC (Canadians Greenback model) and FBTC.U (U.S. Greenback model).
“As bitcoin and digital currencies are gaining recognition amongst buyers, we’re happy to supply a professionally managed bitcoin ETF and ETF Fund supported by the energy and scale of Constancy,” mentioned Kelly Creelman, Senior Vice President, Merchandise and Advertising and marketing, Constancy Investments Canada ULC.
Constancy has been researching and investing in bitcoin and blockchain – the underlying expertise – for a few years and has a robust understanding of the expertise, its advantages and dangers and the funding potential for buyers.
Constructing on this aggressive benefit, Constancy Clearing grew to become Canada’s first Funding Trade Regulatory Group of Canada (IIROC) regulated seller to supply a buying and selling and custody answer for institutional buyers. This answer provides vaulted chilly storage, bodily, cyber and operational controls in addition to multilevel progressive safeguards.
In harnessing this answer, Constancy Benefit Bitcoin ETF™ and Constancy Benefit Bitcoin ETF Fund™ will provide buyers confidence that the ETF’s bitcoin is saved utilizing Constancy’s institutional-grade safety.
How does it work and why spend money on Constancy Benefit Bitcoin ETF™ and Constancy Benefit Bitcoin ETF Fund™?
There are a number of explanation why buyers could want to spend money on these funds as a substitute of buying and storing cryptocurrencies instantly.
-
How It Works – The funding goal of Constancy Benefit Bitcoin ETF™ is to spend money on bitcoin. Constancy Benefit Bitcoin ETF Fund™ invests within the ETF. When an investor purchases the ETF, they may personal items of the ETF, which in flip owns bodily bitcoin. The value of items will go up and down instantly in relation to the value of bitcoin.
-
Constancy Safety Options – Constancy Benefit Bitcoin ETF™ accesses bitcoin by way of Constancy Clearing, which in flip leverages Constancy’s chosen buying and selling platforms. The bodily bitcoin that the ETF owns is saved utilizing an institutional-grade custodial mannequin, providing the ETF entry to the buying and selling and custody of digital belongings in a safe approach.
-
Tax Effectivity and Liquidity – Like all Constancy ETFs and corresponding mutual fund variations, the brand new bitcoin funds are eligible for tax-advantaged registered accounts. Just like buying a inventory on the alternate, buyers can spend money on Constancy Benefit Bitcoin ETF™ the identical approach they spend money on different ETFs, by buying ETF items on the TSX.
“Whether or not it’s to diversify a portfolio, hedge in opposition to inflation or to realize publicity to an rising asset class, we’re excited to carry our progressive investments to the market and provide Canadian buyers a chance to get publicity to bitcoin and assist them meet their monetary targets,” mentioned Creelman.
About Constancy Investments Canada ULC
At Constancy, our mission is to construct a greater future for Canadian buyers and assist them keep forward. We provide buyers and establishments a variety of progressive and trusted funding portfolios to assist them attain their monetary and life targets.
As a privately-owned firm, our folks and world class sources are dedicated to doing what is correct for buyers and their long-term success. Our purchasers have entrusted us with $208 billion in belongings underneath administration (as at November 30, 2021) and so they embody people, monetary advisors, pension plans, endowments, foundations and extra.
We’re proud to supply buyers a full vary of home, worldwide and international fairness and income-oriented mutual funds, ETFs, asset allocation methods, managed portfolios, sustainable investing merchandise, various mutual funds and a excessive internet price program. Constancy is out there by way of a variety of advice-based distribution channels together with monetary planners, funding sellers, banks and insurance coverage corporations.
Commissions, trailing commissions, administration charges, brokerage charges and bills could also be related to investments in mutual funds and ETFs. Please learn the mutual fund or ETF’s prospectus, which incorporates detailed funding info, earlier than investing. Mutual funds and ETFs aren’t assured. Their values change regularly, and buyers could expertise a achieve or a loss. Previous efficiency might not be repeated.
Bitcoin has traditionally demonstrated excessive volatility. Explicit funding methods must be evaluated primarily based on an investor’s tolerance for danger. An funding in these funds is taken into account excessive danger.
Discover us on social media @FidelityCanada
SOURCE Constancy Investments Canada ULC
View authentic content material to obtain multimedia: http://www.newswire.ca/en/releases/archive/December2021/02/c9108.html
