Global X introduces innovative ETFs targeting small-cap and Bitcoin investments

On April 30, 2025, in Canada, Cboe Canada Inc. unveiled three new exchange-traded funds (ETFs) offered by Global X Investments Canada Inc. These funds focus on U.S. small-cap equities and Bitcoin, expanding investment options for Canadians. The launch includes the Global X Bitcoin Covered Call ETF and the Global X Enhanced Bitcoin Covered Call ETF, which aim to provide exposure to Bitcoin's performance while distributing call option premiums semi-monthly, a first in the Canadian market. The venture is significant amid a growing interest in cryptocurrency-focused investments. Chris McHaney, Executive Vice President of Investment Management & Strategy at Global X, emphasized that there’s been a substantial demand among Canadian investors for consistent returns and cryptocurrency options. The two Bitcoin funds aim to meet this demand, marking an important step forward in the market. Global X's strategy incorporates a dynamic covered call option writing program for their ETFs, presenting an innovative way for investors to benefit from Bitcoin price movements. Furthermore, the Global X Bitcoin Covered Call ETF (BCCC) primarily invests in ETFs linked to Bitcoin while writing covered call options on up to 50% of eligible securities. This approach is designed to not only provide exposure to Bitcoin but also to generate regular income through the sale of call options. In contrast, the Global X Enhanced Bitcoin Covered Call ETF (BCCL) utilizes leverage through cash borrowing and aims to maintain a leveraged position of approximately 125%, which has potential implications for risk and return. Investors will be able to capitalize on specialist strategies offered by both funds. Victor Werny, Head of North American ETP Listings at Cboe Global Markets, welcomed Global X's return to Cboe Canada, applauding their leadership in creating innovative investment vehicles. The effective management of the new ETFs is anticipated to bolster Global X's reputation as a leader in the Canadian ETF landscape, complementing their existing lineup of 13 ETFs already listed on Cboe Canada. This market expansion illustrates Cboe’s ongoing commitment to providing diverse investment opportunities, especially amid growing investor interest in alternative assets and strategies that integrate cryptocurrency.