Investors looking for digital currency variety may now purchase a digital currency ETF containing bitcoin and ether. On the Toronto Stock Exchange, the ETF is traded.

The Evolve Cryptocurrencies ETF is a market capitalization-weighted crypto fund that contains bitcoin and ether. Presently, bitcoin makes up 68 percent of the fund’s assets, while ether makes up 32 percent. As a result, bitcoin and ether account for around 65% of the whole digital currency market.

The upcoming ETF will be rebalanced regularly and will not pay dividends because it does not use leverage. By owning the Evolve Bitcoin ETF (EBIT) and the Evolve Ether ETF, it will access bitcoin and ether (ETHR). The underlying ETFs in the fund have a 0.75 percent management charge. Thus, there is no management fee.

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“EBIT and ETHR provide investors with exposure to the daily price movements of the US dollar price of Bitcoin and Ether, respectively, by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure,” Evolve previously stated.

The underlying infrastructure of ETFs is the formation and redemption process, which allows them to be more open, less expensive than mutual funds.

The Evolve Cryptocurrencies ETF has only $2.1 million in assets after its first day of trading. However, as per the company’s website, Evolve ETF’s two other digital currency ETFs have roughly $181 million in assets under management.

While the cryptocurrency ETF market in Canada is gaining traction, US investors still have limited alternatives for acquiring exposure to digital currencies other than purchasing them directly, as SEC Chairman Gary Gensler keeps pushing for tight cryptocurrency rules.

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