04:43 PM EDT, 04/10/2025 (MT Newswires) -- Global X Investments Canada after market close Thursday said it filed a preliminary prospectus for the launch of three daily triple-leveraged exchange-traded funds (ETFs) and three daily triple-leveraged inverse exchange-traded funds within its BetaPro by Global X suite.

Subject to regulatory and stock exchange approval, it added the ETFs will provide Canadian investors with a new level of leveraged investment products listed and trading in Canada, offering plus 3 times or minus 3 times daily investment exposure to major U.S. equity indices, including the S&P 500, the Nasdaq 100 and the Russell 2000.

According to a statement, the ETFs are designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavor to correspond to 300% of the daily performance of the specified Underlying Index, or 300% of the inverse of the daily performance of the specified Underlying Index. The ETFs do not seek to achieve their stated investment objective over a period of time greater than one day. Any U.S. dollar gains or losses as a result of the ETFs' investments will be hedged back to the Canadian dollar to the best of their ability.

Currently, Thursday's statement said, there are no 3x or -3x passive ETFs listed in Canada, with the highest currently available leverage at 2x and -2x, respectively. Historically, it added, Canadian investors seeking higher leveraged exposure have had to resort to trading U.S.-listed ETFs or the use of margin accounts, which can carry additional challenges, including foreign currency exposure risk and potential tax implications. Currently, the statement noted, there is an estimated US$1 billion invested by Canadians in U.S.-listed leveraged ETFs.

With the anticipated launch of these ETFs, the manager is seeking to provide Canadians with a "Made-in-Canada" alternative for higher-leverage investment strategies that comply with Canada's regulatory framework and that will motivate Canadians to repatriate their leveraged ETF trading back to Canada, the statement said.

Chris McHaney, Executive Vice President, Investment Management and Strategy at Global X Canada, said: "The BetaPro by Global X suite has a near-two decade track record in Canada and has been at the forefront of global ETF innovation, including the world's first leveraged commodity ETFs."