Latest news with #Evolve
Cision Canada
3 days ago
- Business
- Cision Canada
Evolve XRP ETF Begins Trading Today on TSX
TORONTO, June 18, 2025 /CNW/ - Evolve Funds Group Inc. (" Evolve" or the " Manager") is pleased to announce the Evolve XRP ETF (" XRP" or the " Evolve Fund") has closed its initial offering of units and will begin trading on the Toronto Stock Exchange (" TSX") today under the ticker symbols: XRP (CAD Units) and XRP.U (USD Units). XRP's investment objective is to hold substantially all of its assets in physical XRP in order to provide a secure and convenient way for investors to hold the cryptocurrency in a brokerage account. To achieve its investment objectives, the Evolve Fund will invest in long-term holdings of XRP, purchased through Coinbase and/or other reputable XRP trading platforms and OTC counterparties, in order to provide investors with a convenient, secure alternative to a direct investment in XRP. The Evolve Fund 's portfolio will be priced based on, and the Evolve Fund 's NAV will be calculated using, the CME CF XRP-Dollar Reference Rate. The CME CF XRP-Dollar Reference Rate is published every day of the year and is available on major vendor platforms such as Bloomberg and Reuters. The Evolve Fund is offering the following units: XRP will not use derivatives and does not intend to pay regular cash distributions. The Evolve Fund does not seek to hedge any foreign currency exposure in respect of either the USD Units or the CAD Units. As it is the Evolve Fund 's intention to invest in XRP on a passive basis, the Evolve Fund will not speculate with regard to changes in XRP prices. Purchases of XRP will generally only be undertaken by the Evolve Fund in response to subscriptions, and sales of XRP will generally only be undertaken by the Evolve Fund as required in order to fund expenses and redemptions. About Evolve Funds Group Inc. With $7 billion in assets under management, Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a demonstrated ability to succeed, Evolve creates investment products that make a difference. Learn more at Join us on social media: X | LinkedIn | Facebook | Youtube Evolve Funds Group Inc. is the investment fund manager and portfolio manager. Evolve XRP ETF ("XRP") will be offered by Evolve Funds Group Inc., and distributed through authorized dealers. The information contained herein is a general description and is not intended to be specific investment advice to any particular investor nor intended to be investment or tax advice. You should not act or rely on the information contained herein without seeking the advice of an appropriate professional advisor. The unpredictable nature of the cryptoassets can lead to loss of funds. Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. Please read the prospectus before investing. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies. 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.
Cision Canada
4 days ago
- Business
- Cision Canada
Evolve Announces Management Fee Reduction on Evolve XRP ETF Expected to Begin Trading on June 18, 2025
TORONTO, /CNW/ - Evolve Funds Group Inc. (" Evolve" or the " Manager") is pleased to announce that it has filed a final prospectus with plans to bring Evolve XRP ETF (" XRP" or the " Evolve Fund") to Canadian investors. XRP is expected to begin trading on the Toronto Stock Exchange (" TSX") on June 18, 2025 under the ticker symbols XRP (CAD Units) and XRP.U (USD Units), subject to TSX approval. As set out in the chart below, the Manager has reduced the Management Fee payable on each class of Units of the Evolve Fund. The reduction of the Management Fee is effective as of June 18, 2025. XRP's investment objective is to hold substantially all of its assets in physical XRP in order to provide a secure and convenient way for investors to hold the cryptocurrency in a brokerage account. XRP is a digital asset built for moving money across borders, quickly and efficiently. To achieve its investment objectives, the Evolve Fund will invest in long-term holdings of XRP, purchased through Coinbase and/or other reputable XRP trading platforms and OTC counterparties, in order to provide investors with a convenient, secure alternative to a direct investment in XRP. The Evolve Fund 's portfolio will be priced based on, and the Evolve Fund 's NAV will be calculated using, the CME CF XRP-Dollar Reference Rate. The CME CF XRP-Dollar Reference Rate is published every day of the year and is available on major vendor platforms such as Bloomberg and Reuters. XRP will not use derivatives and does not intend to pay regular cash distributions. The Evolve Fund does not seek to hedge any foreign currency exposure in respect of either the USD Units or the CAD Units. As it is the Evolve Fund 's intention to invest in XRP on a passive basis, the Evolve Fund will not speculate with regard to changes in XRP prices. Purchases of XRP will generally only be undertaken by the Evolve Fund in response to subscriptions, and sales of XRP will generally only be undertaken by the Evolve Fund as required in order to fund expenses and redemptions. About Evolve Funds Group Inc. With $7 billion in assets under management, Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a demonstrated ability to succeed, Evolve creates investment products that make a difference. Learn more at Join us on social media: X | LinkedIn | Facebook | Youtube Evolve Funds Group Inc. is the investment fund manager and portfolio manager. Evolve XRP ETF ("XRP") will be offered by Evolve Funds Group Inc., and distributed through authorized dealers. The information contained herein is a general description and is not intended to be specific investment advice to any particular investor nor intended to be investment or tax advice. You should not act or rely on the information contained herein without seeking the advice of an appropriate professional advisor. The unpredictable nature of the cryptoassets can lead to loss of funds. Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. Please read the prospectus before investing. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies. 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.
Globe and Mail
5 days ago
- Business
- Globe and Mail
Evolve XRP ETF Expected to Begin Trading on June 18, 2025
TORONTO, /CNW/ - Evolve Funds Group Inc. (" Evolve" or the " Manager") is pleased to announce that it has filed a final prospectus with plans to bring Evolve XRP ETF (" XRP" or the " Evolve Fund") to Canadian investors. XRP's investment objective is to hold substantially all of its assets in physical XRP in order to provide a secure and convenient way for investors to hold the cryptocurrency in a brokerage account. XRP is expected to begin trading on the Toronto Stock Exchange (" TSX") on June 18, 2025 under the ticker symbols XRP (CAD Unhedged) and XRP.U (USD), subject to TSX approval.
Cision Canada
5 days ago
- Business
- Cision Canada
Evolve XRP ETF Expected to Begin Trading on June 18, 2025
TORONTO , June 16, 2025 /CNW/ - Evolve Funds Group Inc. ("Evolve" or the "Manager") is pleased to announce that it has filed a final prospectus with plans to bring Evolve XRP ETF (" XRP " or the "Evolve Fund") to Canadian investors. XRP 's investment objective is to hold substantially all of its assets in physical XRP in order to provide a secure and convenient way for investors to hold the cryptocurrency in a brokerage account. XRP is expected to begin trading on the Toronto Stock Exchange ("TSX") on June 18, 2025 under the ticker symbols XRP (CAD Unhedged) and XRP .U (USD), subject to TSX approval. " XRP is built for real-world utility, enabling fast, low-cost cross-border payments and decentralized exchange functionality," said Elliot Johnson , Chief Investment Officer and Chief Operating Officer at Evolve. "With growing institutional adoption and greater regulatory clarity, we believe XRP is well-positioned as infrastructure for the future of finance." To achieve its investment objectives, the Evolve Fund will invest in long-term holdings of XRP , purchased through Coinbase and/or other reputable XRP trading platforms and OTC counterparties, in order to provide investors with a convenient, secure alternative to a direct investment in XRP . The Evolve Fund's portfolio will be priced based on, and the Evolve Fund's NAV will be calculated using, the CME CF XRP -Dollar Reference Rate. The CME CF XRP -Dollar Reference Rate is published every day of the year and is available on major vendor platforms such as Bloomberg and Reuters. The Evolve Fund is offering the following units: Evolve Fund USD Units CAD Units XRP √ √ XRP will not use derivatives and does not intend to pay regular cash distributions. The Evolve Fund does not seek to hedge any foreign currency exposure in respect of either the USD Units or the CAD Units. As it is the Evolve Fund's intention to invest in XRP on a passive basis, the Evolve Fund will not speculate with regard to changes in XRP prices. Purchases of XRP will generally only be undertaken by the Evolve Fund in response to subscriptions, and sales of XRP will generally only be undertaken by the Evolve Fund as required in order to fund expenses and redemptions. About Evolve Funds Group Inc. With $7 billion in assets under management, Evolve specializes in bringing innovative ETFs to Canadian investors. Evolve's suite of ETFs provide investors with access to: (i) index-based income strategies; (ii) long term investment themes; and (iii) some of the world's leading investment managers. Established by a team of industry veterans with a demonstrated ability to succeed, Evolve creates investment products that make a difference. Learn more at Join us on social media: X | LinkedIn | Facebook | Youtube Evolve Funds Group Inc. is the investment fund manager and portfolio manager. Evolve XRP ETF (" XRP ") will be offered by Evolve Funds Group Inc., and distributed through authorized dealers. The information contained herein is a general description and is not intended to be specific investment advice to any particular investor nor intended to be investment or tax advice. You should not act or rely on the information contained herein without seeking the advice of an appropriate professional advisor. The unpredictable nature of the cryptoassets can lead to loss of funds. Commissions, trailing commissions, management fees and expenses all may be associated with exchange traded funds (ETFs) and mutual funds. Please read the prospectus before investing. ETFs and mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Investors may incur customary brokerage commissions in buying or selling ETF and mutual fund units. Investors should monitor their holdings, as frequently as daily, to ensure that they remain consistent with their investment strategies. 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 Evolve ETFs CONTACT INFORMATION: Evolve ETFs, [email protected], t. 416.214.4884, tf. 1.844.370.4884; MEDIA CONTACT, Keith Crone, [email protected], 416.966.8716
The Citizen
14-06-2025
- Entertainment
- The Citizen
Mahushu artist celebrates African heritage with new single
A local kwaito and amapiano artist has released a new single, 'Badikoma', which seeks to celebrate the significance of communal festivities and traditions in South Africa. Lwazi Chauke (24), stage name Tboy Lwazi, released the song in close collaboration with a local producer, SK Lapho, on May 16. He said the song captures the essence of African heritage, focusing on the culturally important practices surrounding the journey to the mountains, the initiation school also known as ingoma. 'This tradition is cherished by many cultures and this song honours the celebration that follows when individuals return from the mountain with moments filled with joy, connection and community spirit.' He said the new single features a line-up of talented local artists, including Abo Khahlamba, Phici and Roman Power, each bringing their flair to the collaborative masterpiece. ALSO READ: Mpumalanga musicians attend Music Creative Workshop Chauke said he started making music young and was inspired by his uncle. 'I was taught how to write songs by my uncle, Dumisani Mabilane. Later, I realised how much I love music and decided to do research on which steps to take next,' he said. 'Some of my music career highlights include winning Best Hip-Hop Album at the Mpumalanga Hip-Hop Music Awards last year. The album is called Evolve. My music has also received airplay on Ligwalagwala FM.' Chauke said his dream is to be famous and have his own record label, through which he will help talented upcoming artists in the province. 'Pushing through good and bad times has kept me going and working towards my dream. Promoting my work regardless of how many followers I have, research, asking for guidance and registering my work has brought me this far,' he said. ALSO READ: Celebration of local music in Mbombela Chauke said his new single and more of his music is available on all music streaming platforms. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
