Canadian CI Financial planeja lançar Ethereum-ETF
Mike Novogratz's company Galaxy Digital will assist CI Financial in launching a stock exchange investment fund. The company will become a consultant to a Canadian firm that manages $230 billion in assets
CI Financial has now filed a request for a stock exchange investment fund on the TSX exchange in Toronto. It will add its tool to the exchange with a ticker ETHX. The annual management fee will be 1%. Galaxy will become an auxiliary management consultant for Ethereum-ETF.
A similar application, but on Bitcoin-ETF, was filed last week and is awaiting approval. CI Financial already has a CI Galaxy Bitcoin Fund under management which invests $162 million in Bitcoins.
Bitcoin-ETF is actively traded in Canada and is in great demand. But if Ethereum-ETF is approved, it will be the first such exchange-traded investment tool with ETH. So, thanks to this, CI-Galaxy will be a pioneer in this field.