Exchange Bulletin

Bitcoin ETF (EBIT, EBIT.U) To Trade On Toronto Stock Exchange

February 17, 2021

Issuer: Bitcoin ETF (the "Evolve ETF")

SecuritySymbolIssued and Outstanding SecuritiesReserved SecuritiesIssue Price
Canadian dollar denominated unhedged units (the "CAD Unhedged Units") EBIT 50,000 None C$25.45
U.S. dollar denominated unhedged units (the "USD Unhedged Units") EBIT.U 50,000 None US$20.00
Listing category: Non-Corporate
Trading currency: CDN$, US$
Transaction: Initial public offering (the "Offering") of CAD Unhedged Units and USD Unhedged Units (collectively, the "Units").
Listing date: February 18, 2021 (as at 5:01 p.m.) in anticipation of closing of the Offering.
Anticipated closing date: February 19, 2021 (prior to the opening)
Posted for trading date: February 19, 2021 (at the opening) subject to confirmation of closing of the Offering.
Other market(s): None
Designated market maker: Virtu ITG Canada Corp.
Security ownership registration: CDS book entry only system and Non-Certificated Issue.
Investor relations: Elliot Johnson
Tel: (416) 572-2110
- and –
Keith Crone
Tel: (416) 572-2111
Incorporation: The Evolve ETF is a an alternative mutual fund established under the laws of the Province of Ontario pursuant to an amended and restated declaration of trust dated as of February 12, 2021.
Manager and Trustee: Evolve Funds Group Inc.
Fiscal year end: December 31
Nature of business: The Evolve ETF seeks to provide Unitholders with exposure to the daily price movements of the U.S. dollar price of bitcoin while experiencing minimal tracking error by utilizing the benefits of the creation and redemption processes offered by the exchange traded fund structure.
Transfer agent and registrar: TSX Trust Company at its principal office in Toronto.
Dividends: It is not anticipated that the Evolve ETF will make cash distributions.
Sponsorship: Not applicable.
Offering document: Prospectus dated February 12, 2021 (the "Prospectus"), which is available at Capitalized terms not otherwise defined herein are as defined in the Prospectus.
Additional Information: Participating Organizations should note that all trades in the Evolve ETF will be on a T+1 settlement on a permanent basis.
The USD Unhedged Units will be quoted and traded on Toronto Stock Exchange in US funds and trading information regarding the USD Unhedged Units will appear under the heading "Trading in US Funds" in the TSX Monthly Review.
Initial public offering: 50,000 CAD Unhedged Units will be issued at a subscription price of C$25.45 per CAD Unhedged Unit and 50,000 USD Unhedged Units will be issued at a subscription price of US$20.00 per USD Unhedged Unit. The Evolve ETF is authorized to issue an unlimited number of Units, each of which represents an equal, undivided interest in the net assets of the Evolve ETF and there is no minimum number of Units that may be offered.
TSX contact: Chris Birkett,
Managing Director,
Toronto Stock Exchange.