CI Galaxy Blockchain ETF

Spread the love

About CI Investments Inc.

CI Investments has been managing money on behalf of Canadian investors since 1965.One of Canada’s largest investment management firms, CI Investments Inc., employs over 100 investment experts, each of whom has a wealth of experience navigating a variety of markets. They provide an unique, modern lineup of traditional and alternative strategies with the performance you need to help achieve your distinct goals.CI is a subsidiary of CI Financial Corp a company that trades on the Toronto Stock Exchange with the ticker code CIX.As of May 2022, it has a total of $349.6 billion billion in assets under management.

CI Investments Inc. currently provides

1.Mutual Funds 2.ETFs 3.CI Floating Rate Income Fund 4.Liquid Alternatives 5.Alternative & Private Market Investments 6.Cryptocurrencies 7.ESG Solutions 8.Managed Solutions 9.High Net Worth Solutions 10.Segregated Funds.

Founded	1965	Contact	Phone: 416-364-1145 Toll-free: 1-800-268-9374 Email: service@ci.com
Founder	G. Raymond Chang	Headquarter	15 York Street, 2nd floor Toronto, ON M5J 0A3
Website	www.cifinancial.com	Type	Publicly held
Twitter	Click here	Linkedin	Click here

On the Toronto Stock Exchange, the Purpose Crypto Opportunities ETF is listed under three different tickers:

CBCX-CI Galaxy Blockchain ETF Hedged against CAD Dollars Index.

TICKER	CBCX	Option Available	No
ISIN	CA12546E1051	Chart	Click here
Bloomberg	CBCX CN Equity	Expense ratio	0.5%
Currency Hedged	Yes	Leverage	No
Base currency	CAD	Fund structure	Open-end Fund

Where Does the Purpose CI Galaxy Blockchain ETF Invest?

In order to provide investors with long-term capital growth, the ETF primarily invests in publicly traded securities that provide exposure to businesses operating and building blockchain ecosystems as well as companies engaged in the development of blockchain technologies.

The ETF provides an opportunity to:

Participate in the revolutionary blockchain technology revolutionizing global enterprises and institutions of government.
Take advantage of the growing use of blockchain technology across a range of sectors.
If you want to invest in businesses using blockchain technology, adopt a diverse worldwide strategy.

Who should put money into this fund?

Investors that want exposure to companies developing blockchain technologies as well as those who are active participants in and contributors to the blockchain ecosystem.Long-term investors who are prepared to take on significant investment risk (i.e. you have the capacity to absorb a loss of some or all of your investment).

How NAV is calculated?

Like mutual funds, ETFs have a net asset value (NAV). It is calculated after the close of each trading day and reflects the value of an ETF’s investments at that time. How the securities of a fund are valued The units of each fund are divided into several kinds. Each class is divided into units of equal worth. When you buy a fund, you are actually buying units of the fund’s specific class.

Top 15 holding CI Galaxy Blockchain ETF.

Marathon Digital Holdings Inc	10.81%
Riot Blockchain Inc	8.53%
MicroStrategy Inc Cl A	8.39%
HIVE Blockchain Technologies Ltd	7.98%
Silvergate Capital Corp Cl A	7.85%
Hut 8 Mining Corp	6.81%
Canaan Inc – ADR	6.75%
Core Scientific Inc	6.56%
Block Inc Cl A	6.34%
Coinbase Global Inc Cl A	6.29%
Bitfarms Ltd	5.38%
Tesla Inc	1.25%
Goldman Sachs Group Inc	1.11%
Microsoft Corp	1.08%
Visa Inc Cl A	1.04%

About the index

Galaxy Digital Asset Management is the asset management division of Galaxy Digital, a diversified financial services company focused on the blockchain and digital asset industries. It offers cutting-edge insights into the investable opportunities present throughout the ecosystem for digital assets.

Alerian is a pioneering index provider that has built innovative indexes tracked by leading asset managers.

Global Blockchain Equity with a Cryptocurrency Focus: Alerian Galaxy The Hedged to CAD Dollars Index (the “Index”) invests in companies in developed markets that are listed on a globally recognised exchange and are materially involved in cryptocurrency mining, purchasing cryptocurrency, or developing enabling technologies that ease the transfer, custody, and issuance of cryptocurrency. Companies involved in developing blockchain technologies as well as associated technology producers and developers that make it possible to build blockchain technology for the purpose of creating cryptocurrency assets are included in the index.

A business is considered to be predominantly engaged (“Pure-Play”) if at least 50% of its revenues come from the commercial activities mentioned for its segment. If a company in the cryptocurrency purchasers segment declares cryptocurrency assets on its balance sheet totaling at least 50% of its company market value, it is deemed to be predominantly engaged (“Pure-Play”).

The index may contain certain firms (referred to as “diversified” corporations) that are not primarily involved in the bitcoin buyers, cryptocurrency enabling technologies, or cryptocurrency miners segments but that generate sizable amounts of revenue from those businesses.

The weighting of the index’s components shall be as follows:

A 20% index weight is given to the tranche of diverse constituents, while an 80% index weight is given to the tranche of Pure-Play constituents.

The weights of each item inside a tranche throughout the segments are equal.