Wu said that Bloomberg ETF analyst Eric Balchunas posted that Scotiabank launched an actively managed crypto ETF in Canada today, which is noteworthy because it is one of the first local banking institutions to enter this type of product, and the management fee is only 25 basis points (25bps), which is low in both actively managed products and the Canadian market. The ETF will hold mainstream crypto assets and allocate about 10% of its stock positions.