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 |
| Click here | Click here |
What Is CI Galaxy Ethereum ETF?
This might be your chance to invest in Ethereum without having to be concerned about losing your private keys or getting hacked. The CI Galaxy Ethereum ETF goal is simple and comparable to other ETF goals in terms of the client experience.
Furthermore, it means that since Exchange-Traded Funds are accessible through your current brokerage accounts, you do not need to open an account with a cryptocurrency exchange. You now hold shares of the ETF, which, like commodities funds, owns physically settled Ethereum.
On the Toronto Stock Exchange, the CI Galaxy Ethereum ETF is listed under two different tickers:
ETHX.B-Unhedged exposure to the daily price movement of bitcoin in CAD.
| TICKER | ETHX.B | Option Available | No |
| ISIN | CA12565N1015 | CUSIP | 12565N101 |
| Bloomberg | ETHX/B CN Equity | Expense ratio | 0.74% |
| Currency Hedged | NO | Leverage | No |
| Base currency | CAD | Fund structure | Open-end Fund |
ETHX.U-Exposure to the daily price movements of bitcoin in USD.
| TICKER | ETHX.U | Option Available | No |
| ISIN | CA12565N2005 | CUSIP | 12565N200 |
| Bloomberg | ETHX/U CN Equity | Expense ratio | 0.73% |
| Currency Hedged | Yes | Leverage | No |
| Base currency | USD | Fund structure | Open-end Fund |
What Does CI Galaxy Ethereum ETF Invest In?
Physical ether is purchased and kept in the ETF. The investor owns the ETF that owns Ether.
Is the ETF’s Ether stored in a “cold wallet”?
Gemini Trust Company, LLC., a regulated and licenced Ether custodian, will hold the ETF’s Ether in cold storage. Gemini employs segregated cold storage Ether addresses for the ETF, which are distinct from the Ether addresses used by Gemini for its other customers. which are directly provable via the Ethereum Network Gemini will always record and identify in its books and records show that such Ether is the ETF’s property.
Who Should Consider this ETF?
Investors who want exposure to Ether and daily price swings in USD or CAD must be willing to accept a high level of investment risk, be able to take a loss on all or part of their investment, and hold their investment for a long period (i.e. you have the capacity to absorb a loss of some or all of your investment).
How is the ETF’s Net Asset Value (NAV) calculated?
ETFs have a NAV, similar to mutual funds. It is determined after each trading day’s closure and represents the value of an ETF’s holdings at that time.
CI Galaxy Ethereum ETF Details.
| Issuer | CI Investments Inc. | prospectus | Click here |
| Subadvisor | Galaxy Digital Capital Management LP | SUB-CUSTODIAN | Gemini Trust Company, LLC |
| Auditor | Ernst & Young LLP | Custodian | Cidel Trust Company |
| Valuation Agent | CIBC Mellon Global Securities Services Company | Registrar and Transfer Agent | TSX Trust Company |
| Management strategy | Passively managed | Exchange | Toronto Stock Exchange |
| Legal structure | ETF | MINIMUM INVESTMENT | NO |
| Protfolio | Ethereum 1 XETH IN USD | Risk rating | High |
| ETF Facts | Click here Click here | Fund Manager | CI Global Asset Management |
| Fund currency | CAD or USD | Jurisdiction | Canada |
| Inception/ Listing Date | 2021-04-16 | Management expense ratio | 0.74% / 0.73% |
Is the CI Galaxy Ethereum ETF eligible for my RRSP and TFSA?
Yes. CI Galaxy Ethereum ETF can be held in any registered account.
Cryptocurrency ownership vs. cryptocurrency exchange-traded funds.
Cryptocurrency ETF values move in line with the currencies they track. However, they have different advantages and disadvantages when compared to direct cryptocurrencies investment.
Pros of CI Galaxy Ethereum ETF.
• Etf are less difficult to invest in than cryptocurrency:
ETF can be purchased, sold, and held in traditional brokerage accounts. Etf do not necessitate the creation of a digital wallet, the password for which may be forgotten.
Etf are issued by regulated businesses, the risk of fraud, scandals, or collapses connected with cryptocurrency investments is reduced.
cryptocurrency ETFs are regulated by some governments, making them eligible for investments through government-regulated tax plans, such as the Canadian Registered Retirement Savings Plan (RRSP) and the Tax Free Savings Account (TFSA), which allow users to invest in crypto ETFs while reaping tax benefits.
Cons of CI Galaxy Ethereum ETF.
Ethereum is a very volatile asset, which means that its value can fluctuate substantially in a short amount of time. This volatility translates into a high level of risk.
Fees for Cryptocurrency funds are typically higher than those for standard Etf.
Crypto assets trade 24 hours a day, crypto etfs only trade during market hours.
Naren is a finance graduate who is passionate about cryptocurrency and blockchain technology. He demonstrates his expertise in these subjects by writing for cryptoetf.in. Thanks to his finance background, he is able to write effectively about cryptocurrency.