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Gemini Custodian for Evolve's Leveraged Bitcoin, Ether ETFs

Coin WorldThursday, Mar 20, 2025 8:03 pm ET
1min read

Gemini, a leading cryptocurrency exchange, has been selected as the custodian for Evolve Funds' newly introduced leveraged Bitcoin and Ether ETFs, LBIT and LETH. These ETFs have commenced trading on the Toronto Stock Exchange, representing a notable achievement for the Canadian asset manager. This initiative aims to offer retail investors a regulated avenue to gain leveraged exposure to prominent cryptocurrencies.

Gemini's appointment as custodian highlights its strong custody services and dedication to regulatory adherence. The exchange will protect the assets for Evolve’s leveraged ETFs, ensuring that investor assets are securely held as these new products enter the market. This collaboration underscores Gemini's increasing prominence in the cryptocurrency sector and its capability to deliver secure and compliant custody solutions.

The leveraged ETFs, LBIT for Bitcoin and LETH for Ether, provide 1.25x exposure through cash borrowing instead of derivatives. This method is designed to optimize the cost of leverage for the funds while offering a more straightforward and transparent structure. Unlike traditional leveraged ETFs that often rely on derivatives, Evolve’s new products use cash borrowing to amplify returns. This strategy aims to balance potential gains with risk management, making the products attractive to those wary of excessive volatility.

Evolve's "modestly leveraged" exposure is intended to offer retail investors a controlled level of leverage, allowing them to benefit from amplified returns while managing risk. The ETFs began trading on Tuesday, and market observers will evaluate whether the cash borrowing model can deliver consistent returns and mitigate risk compared to derivative-based alternatives. Gemini’s involvement as a custodian further enhances investor confidence in these products, as it ensures that the assets are held securely and in compliance with regulatory standards.

This development coincides with Gemini's ongoing expansion of its services and support for digital assets. The exchange has recently announced that it has expanded USD payment support in the UK and EU, further cementing its position as a leading player in the global cryptocurrency market. With its robust custody services and commitment to regulatory compliance, Gemini is well-positioned to support the growth of leveraged crypto ETFs and other innovative financial products in the digital asset space.

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Fountainheadusa
03/21
Gemini's custody game strong. Regulatory compliance is key. Evolve's ETFs might just be what retail needs. 🚀
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destroyman26
03/21
Gemini's custody = serious game in crypto. 🚀
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AdCommercial3174
03/21
@destroyman26 You think Gemini's custody is top-notch?
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xX_codgod420_Xx
03/21
@destroyman26 Gemini strong? For sure.
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rubiyan
03/21
Vault of the virtual, Gemini guards—Evolve's ETFs amplify crypto gains, 1.25x, safely, no derivatives, just pure, regulated thrill
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LackAffectionate725
03/21
@rubiyan Gemini's the OG, but Evolve's ETFs—YOLO vibes or stable gains? 🤔
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Fluffy-Belt1325
03/21
LBIT and LETH trading now. Cash borrowing instead of derivatives? Curious if it'll really manage risk better. 🤔
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chrisdelaris
03/21
@Fluffy-Belt1325 Risk management is key, but cash borrowing might not always mitigate volatility.
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Throwaway420_69____
03/21
Gemini expanding like crazy. USD payment support in the UK and EU? They're seriously going global. 💪
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lem_lel
03/21
Evolve's ETFs might hedge my crypto bets.
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Agriandra
03/21
@lem_lel How long you planning to hold Evolve's ETFs? Curious if you're thinking short-term flip or long-term stack.
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CommonEar474
03/21
Retail investors finally get modest leverage options.
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Wanderer_369
03/21
1.25x exposure sounds modest, but leverage's a double-edged sword. Risk management's crucial here. Anyone holding?
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r2002
03/21
LBIT and LETH, my portfolio's new friends.
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MalevolentLord4479
03/21
@r2002 How long you planning to hold LBIT and LETH? Any specific targets in mind?
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Scary-Compote-3253
03/21
@r2002 I'm in on LBIT and LETH too. Love the modest leverage, feels safer than going all in with derivatives.
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Shot_Ride_1145
03/21
Leveraged crypto, no derivatives? Interesting play
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SuperRedHulk1
03/21
@Shot_Ride_1145 No derivatives? Bold move.
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Sonia
03/21

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careyectr
03/21
@Sonia 👌
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ButterscotchNo2791
03/21
Gemini's custody game strong, Evolve's ETFs a neat play. Gonna watch how they handle volatility. 🤔
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OG_Time_To_Kill
03/21
@ButterscotchNo2791 Gemini's solid, but ETFs might be shaky.
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czarchastic
03/21
@ButterscotchNo2791 Lol, Gemini's good but ETFs edgy?
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deevee12
03/21
Gemini expanding, but will it handle the load?
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