Based on the Scotia ETF EDGE reports From February 5 to March 1, spanning a four-week period, Canadian ETFs saw an inflow of $6.1 billion, a slight rise from the previous month. The bulk of the inflows in February came from equity with nearly $4.0 billion in net creation during those four weeks while fixed income and cash ETFs accounted for $2.0 billion and mixed allocation for $0.42 billion.
Bitcoin continues to climb throughout February reaching historic highs, while the cryptocurrency asset class in Canada experienced a net redemption of $142 million. The bitcoin rally provided tremendous fuel for the increased trading activity. Some investors during the month likely switched into U.S. cryptocurrency ETFs, which saw very large inflows, due to their lower fees. Other investors may have cashed out of their Canadian bitcoin ETF holdings as prices reclaimed levels just prior to the arrival of crypto winter.
The age of artificial…
