CI Global Asset Management to Temporarily Waive Entire Management Fee on World s First Ether ETF: CI Galaxy Ethereum ETF (ETHX) streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
Katie Keir
Three companies are going head-to-head next week, with each firm launching a direct custody ether ETF on April 20.
Purpose Investments is launching the Purpose Ether ETF, Evolve is introducing ETHR and CI Global Asset Management (CI GAM) is bringing the CI Galaxy Ethereum ETF to market all the funds will trade on the TSX and provide direct exposure to Ether, the second-largest cryptocurrency by market capitalization after Bitcoin.
The Purpose fund has a management fee of 1%; the Evolve fund, 0.75%; and the CI fund, 0.4% “the lowest management fee of any Ether ETF globally,” CI said in a release.
For its part, the Purpose fund will invest directly in physically settled Ether tokens and will have three classes: Canadian-dollar hedged (ETHH), Canadian dollar non-currency hedged (ETHH.B), and U.S.-dollar units (ETHH.U).
Galaxy Digital Holdings has filed for a new
Bitcoin ETF, joining
Galaxy Digital, a cryptocurrency investment firm, hopes to create a Bitcoin ETF on
NYSE Arca to reflect the performance of the
Bloomberg Galaxy bitcoin Index (the “Index”), less the Trust’s expenses and other liabilities.
The filing went on to say that the Trust will hold bitcoin and will value its Shares daily based on the value of the Index, which is calculated based on data from bitcoin pricing sources selected by Bloomberg Index Services Limited.
Galaxy now joins a growing list of firms eager to gain
SEC approval for its Bitcoin ETF. More recent competitors in the running include VanEck, whose filing has until April 29 to either be approved, denied or delayed by the SEC,
As the Muni Market Takes Off, Check Out This Pair of Invesco ETFs etftrends.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from etftrends.com Daily Mail and Mail on Sunday newspapers.
As widely expected, the United Kingdom's Financial Conduct Authority (FCA), the regulator for Libor (the London Interbank Offered Rate), has issued an announcement confirming that all.