CI Global Files World’s First Ethereum ETF in Canada

CI Global Files World’s First Ethereum ETF in Canada
фото показано с : beincrypto.com

2021-2-26 09:34

CI Global Asset Management (CI GAM) announced on Feb. 25, 2021. that is has filed and obtained a preliminary prospectus for CI Galaxy Ethereum ETF. This fund is slated to be the world’s first Ethereum exchange-traded fund (ETF).

If approved, the ETF will be traded on the Toronto Stock Exchange. CI Global noted in the same announcement that this move is aimed at reducing the “friction point” investors suffer from whenever making cryptocurrency investments.

CI Galaxy Ethereum ETF Partners with Galaxy Digital

According to the release, the launch will be made in partnership with Mike Novogratz’s Galaxy Digital, one of the largest cryptocurrency firms in the space today. Recently, CI GAM also filed the CI Galaxy Bitcoin Fund with the same firm.

Kurt MacAlpine, the CEO of CI Financial, had stated that; 

“Cryptocurrencies are transforming the financial world, and we are excited to launch the world’s first ETF investing directly in Ether, one of the most highly valued cryptocurrencies.”

Ethereum: The Leading Candidate for Web 3.0

CI Galaxy Ethereum ETF will be listed on the Toronto Stock Exchange (TSX) under the ETHX ticker.

Bloomberg Galaxy Ethereum Index, or the ETH Index, will be in charge of providing the price feed for ETH according to its performance against the US dollar.

“Ethereum is the leading candidate to be the base layer of Web 3.0, and Ether is a growth asset that provides investors exposure to the explosion of decentralized applications,” says Chairman and CEO of Galaxy Digital Holdings, Mike Novogratz.

CI GAM and Galaxy Digital

CI GAM is tasked to be the manager of the ETF, with Galaxy Digital as its Ethereum sub-advisor. In this partnership, Galaxy Digital will be in charge of executing ETH trading for the ETF. 

Galaxy Digital is a prominent firm in the blockchain space, known for its breadth of experience in portfolio management, capital markets, and blockchain technology.

According to Galaxy Digital Partner and Asset Management Lead, Steve Kurz, this ETF will be the world’s first. The firm is expecting that this will make it easier for anyone to benefit from the growth of Ethereum, the second-biggest cryptocurrency in the space in terms of market cap.

At the time of press, ETH is trading hands at $1,460. This comes after an initial rejection from the $2,000 level on Feb. 20.

Ethereum (ETH) Price Chart by CoinGecko

The post CI Global Files World’s First Ethereum ETF in Canada appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

etf global reducing aimed move friction investors

Источник: beincrypto.com

etf global → Результатов: 92


VanEck Files for Digital Asset ETF; Giving Investors Exposure to Crypto Companies

The global investment management firm VanEck has officially filed an application to form a ‘Digital Asset ETF' through the US' Securities and Exchange Commission (SEC). The application indicates that VanEck is looking to provide its institutional investors with easy means of investing in shares of companies that derive some or most of their value from […] The post VanEck Files for Digital Asset ETF; Giving Investors Exposure to Crypto Companies first appeared on BitcoinExchangeGuide.

2021-1-22 19:34


Фото:

Bitwise Head of Research is Optimistic of Bitcoin ETF Approval

The U. S. Securities and Exchange Commission (SEC) is supposed to give Bitwise Investments a decision on October 13, which could see it approving a Bitcoin exchange-traded fund (ETF). Bitwise Are Optimistic Speaking in an interview with CNBC’s “ETF Edge,” Matt Hougan, managing director and global head of research at Bitwise, said that the company was optimistic about the potential approval for the Bitcoin ETF.

2019-10-8 14:45


VanEck ETF Approval Hopes Hike as ‘Crypto Mom’ to Give Keynote at ETFs Global Markets Roundtable

Decision on the VanEck ETF application has been delayed several times since 2018. It has once again been rescheduled for 21 May 2019, but this time, the Cryptocurrency community is hopeful that the application may get an approval with Hester Pierce (Crypto Mom) scheduled to give the keynote at ETFs Global Markets Roundtable on May […]

2019-5-18 02:37


Фото:

Invesco не стала ждать милости по отношению к криптовалютам от Уолл-стрит

Американская инвестиционная компания запустила блокчейн ETF на бирже в Лондоне. Инвестиционная компания Invesco, базирующаяся в американском штате Джорджия, запустила новый финансовый продукт — блокчейн биржевые инвестиционные фонды (ETF).

2019-3-13 13:19


Фото:

Invesco не стала ждать милости по криптовалютам от Уолл-стрит

Американская инвестиционная компания запустила блокчейн ETF на бирже в Лондоне. Инвестиционная компания Invesco, базирующаяся в американском штате Джорджия, запустила новый финансовый продукт — блокчейн биржевые инвестиционные фонды (ETF).

2019-3-12 13:19


$800 Billion Dollar Asset Company Invesco Elwood Global Blockchain ETF Launches on London Stock Exchange

The London Stock Exchange receives a new blockchain exchange traded fund (ETF) that will start trading on the platform as soon as today. The Invesco Elwood Global Blockchain ETF is being launched by the investment management company and it has over $800 billion in assets under management. This will be the “world’s biggest blockchain” ETF. […]

2019-3-11 16:44


FT: на Лондонской фондовой бирже запускают крупнейший в мире блокчейн-ETF

По информации Financial Times, на 11 марта на Лондонской фондовой бирже запланирован листинг крупнейшего в мире блокчейн-ETF от американской инвесткомпании Invesco с $888 млн активами. Новый продукт предоставит пользователям возможность инвестировать в технологические компании, ориентированные на криптовалюты и применение технологии блокчейн.

2019-3-11 13:15


Фото:

Лондонская фондовая биржа готовится к запуску блокчейн-ETF от Invesco

Американская компания Invesco представила биржевый инвестиционный фонд (ETF), ориентированный на компании, которые потенциально могут получать прибыль от инвестиций в блокчейн. Торги новым финансовым инструментом стартуют сегодня, 11 марта, на Лондонской фондовой бирже.

2019-3-11 12:18


На Лондонской фондовой бирже запущены торги ориентированным на криптоиндустрию ETF

В понедельник, 11 марта, на Лондонской фондовой бирже (LSE) состоялся листинг блокчейн-ETF, предложенного американской инвестиционной компанией Invesco. Об этом пишет The Financial Times. Продукт под названием Invesco Elwood Global Blockchain ETF ориентирован на инвестиции в компании из блокчейн- и криптоиндустрии, включая известного производителя чипов для майнинга Taiwan Semiconductor Manufacturing (TSMC). В общей сложности новый ETF […]

2019-3-11 12:11


SWIFT Outperforming Ripple, Bitcoin ETF On The Way, JP Morgan Launches Own Coin, XRP Centralized, Coinmama Hacked, Nasdaq to Add BTC and ETH Indices to its Global Data Services: This Week In Crypto

This week, as usual, was full of activities, most of it focused on the future of cryptocurrencies and cryptocurrency adoption. Top among the stories were predictions on the future price of Bitcoin which have been mostly bullish.

2019-2-17 11:13


Фото:

Reality Shares Bitcoin Futures ETF ‘Moves Ball Forward’ For Crypto

Cryptocurrency advocates have reacted warmly to an effort by asset manager Reality Shares to gain approval for a ‘partial’ Bitcoin ETF from US regulators. Less Exposure, Less Rejection? Announced in a prospectus filed with the US Securities and Exchange Commission (SEC) February 11, Blockforce Global Currency Strategy ETF aims to invest 15 percent of funds into CME Group and Cboe’s Bitcoin futures.

2019-2-12 15:00


Reality Shares просит SEC одобрить заявку на открытие ETF с частичным доступом к биткоинам

Американская компания по управлению активами Reality Shares ETF Trust, подразделение ранее запустившей блокчейн-ETF компании Blockforce Capital, подала в Комиссию по ценным бумагам и биржам США (SEC) заявку по форме N1-A, согласно которой хотела бы получить одобрение регулятора на запуск Reality Shares Blockforce Global Currency Strategy ETF на бирже NYSE Arca.

2019-2-12 22:28


New ETF Proposal Allocates 25% of Its Portfolio to Bitcoin Futures

A newly proposed exchange-traded fund plans to allocate 25% of its entire portfolio to bitcoin futures. Bitcoin ETF on NYSE Arca Realty Shares ETF Trust, a subsidiary of US-based asset manager Blockforce Capital, filed a registration form with the Securities and Exchange Commission on Monday to list its “Reality Shares Blockforce Global Currency Strategy ETF”.

2019-2-11 22:19


Фото:

Could Bakkt Bitcoin Futures Market Launch in December Lead to ETF Approval?

In an official statement, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), revealed that Bakkt will launch its Bitcoin futures market by December 2018. Bakkt, a global cryptocurrency platform developed by ICE to enable investors, merchants, and consumers to access, trade, and utilize digital assets in a faster, cost-effective, and […] The post Could Bakkt Bitcoin Futures Market Launch in December Lead to ETF Approval? appeared first on CryptoSlate.

2018-10-23 01:29


дальше еще 43 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum’s Possible Futures ETF Approval: How Will Price React?

Amid industry-wide headwinds, Ethereum (ETH) bulls managed to defend the $1,600 support territory this week. Will the ETF Approval reports trigger a price rebound? The post Ethereum’s Possible Futures ETF Approval: How Will Price React? appeared first on BeInCrypto.