Evolve Reduces Management Fee on Bitcoin ETF

TORONTO, Feb. 24, 2021 /CNW/ - Evolve Funds Group Inc. ("Evolve") has lowered the management fee on the Bitcoin ETF ("EBIT"), effective immediately. With this management fee reduction, EBIT is the lowest-management fee bitcoin ETF currently available in the market, bringing a value opportunity for investors.

Evolve ETFs (CNW Group/Bitcoin ETF)

ETF

Ticker

Previous Management Fee*

New Management Fee*

Bitcoin ETF (Unhedged)

EBIT

1.00%

0.75%

Bitcoin ETF (USD Unhedged)

EBIT.U

1.00%

0.75%

* Plus applicable sales tax

"We are very pleased to provide investors with the most cost effective bitcoin ETF today," says Raj Lala, President and CEO at Evolve. "Our bitcoin ETF allows investors to access physical bitcoin in a fully-regulated manner in their brokerage account."

The investment objective of the Bitcoin ETF remains unchanged. EBIT invests directly in physically settled bitcoin.

About Evolve Funds Group Inc.
With over $1.7 billion in assets under management, Evolve is one of Canada's fastest growing ETF providers since launching its first ETF in September 2017. Evolve is a leader in thematic ETFs and specializes in bringing disruptive innovation ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) long term investment themes; (ii) index-based income strategies; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a proven track record of success, Evolve creates investment products that make a difference.  For more information, please visit www.evolveetfs.com

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Commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. There are risks involved with investing in ETFs and mutual funds. Please read the prospectus for a complete description of risks relevant to ETFs and mutual funds. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Please read the prospectus before investing.

Certain statements contained in this news release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking information may relate to a future outlook and anticipated distributions, events or results and may include statements regarding future financial performance. In some cases, forward-looking information can be identified by terms such as "may", "will", "should", "expect", "anticipate", "believe", "intend" or other similar expressions concerning matters that are not historical facts. Actual results may vary from such forward-looking information. Evolve undertakes no obligation to update publicly or otherwise revise any forward-looking statement whether as a result of new information, future events or other such factors which affect this information, except as required by law.

SOURCE Bitcoin ETF

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