Scotiabank has entered Canada’s growing digital asset market with a new exchange traded fund created in partnership with crypto investment firm 3iQ.
Quick Summary – TLDR:
- Scotiabank and 3iQ have launched the Dynamic Active Multi Crypto ETF in Canada.
- The fund trades on Cboe Canada under the ticker DXMC.
- It gives investors exposure to Bitcoin, Ethereum, Solana, and XRP through one regulated product.
- The ETF is launching with a reduced management fee of 0.25% until March 1, 2027.
What Happened?
Scotiabank, through its asset management arm Dynamic Funds, has launched a new multi crypto ETF in partnership with 3iQ. The fund, called the Dynamic Active Multi Crypto ETF, started trading on Cboe Canada on Wednesday under the ticker DXMC.
The new product gives investors a simple way to access four major cryptocurrencies through one fund instead of buying and holding digital tokens directly on a crypto platform.
NEW: 🇨🇦 $1.5T Scotia Bank has launched an active crypto picking ETF in Canada. pic.twitter.com/lwljQyEMXC
— crypto.news (@cryptodotnews) March 5, 2026
A New Push Into Digital Assets
The launch marks a notable step for Scotiabank, which is one of Canada’s five largest banks by assets. By entering the crypto ETF segment, the bank is showing that traditional financial institutions in Canada are becoming more comfortable offering products tied to digital assets.
The Dynamic Active Multi Crypto ETF includes exposure to Bitcoin, Ethereum, Solana, and XRP. That mix gives investors access to some of the biggest and most closely watched crypto assets in a single investment vehicle. For many investors, that matters because it removes the need to manage separate wallets, private keys, or multiple exchange accounts.
Instead, they can buy into a regulated fund that trades on a traditional exchange, much like other exchange traded funds already available in the market.
Why This Fund May Stand Out?
One of the strongest selling points for the new ETF is its pricing. Dynamic Funds said it reduced the management fee from 0.45% to 0.25% until March 1, 2027. That lower fee could make the fund more attractive to investors who want broad crypto exposure without paying a higher cost.
The product also arrives at a time when multi asset crypto funds are drawing more attention. Rather than placing a bet on just one token, investors can spread their exposure across several digital assets through one regulated product. That approach may appeal to investors looking for convenience and a broader entry into the crypto market.
Canada Keeps Its Early Lead in Crypto ETFs
The launch also highlights how far ahead Canada moved in the crypto ETF market compared with the United States. While spot Bitcoin ETFs only gained approval in the US in early 2024, Canada had already allowed similar products years earlier.
3iQ was one of the firms that helped build that early lead. In 2021, it launched one of the world’s first publicly traded spot Bitcoin funds in Canada. That fund later crossed 1 billion Canadian dollars in assets under management, which was a major milestone given the smaller size of Canada’s ETF market.
Since then, Canada has expanded its lineup of crypto investment products, including spot Ethereum funds and other digital asset offerings listed on exchanges such as the Toronto Stock Exchange and Cboe Canada.
3iQ’s Expanding Role
The new ETF launch comes during a busy period for 3iQ. The digital asset manager was recently acquired by Japanese crypto exchange Coincheck in a deal valued at $111.84 million. That transaction is expected to close in the second quarter of this year.
For 3iQ, the new partnership with Scotiabank adds more weight to its role as one of the best known crypto investment firms in Canada.
SQ Magazine’s Takeaway
I think this launch says a lot about where the market is headed. When a major bank like Scotiabank steps into a multi crypto ETF, it sends a clear signal that digital assets are becoming harder for traditional finance to ignore. For regular investors, this kind of product also feels much more practical because it offers simple, regulated, and diversified exposure without the technical stress that still comes with holding crypto directly.
