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The fund invests in the CI Galaxy Ethereum ETF, which was launched last week

Staff CI Global Asset Management (CI GAM) is capping the management expense ratios (MERs) of its cryptocurrency ETFs. On Tuesday, the firm announced that the MERs for the CI Galaxy Bitcoin ETF and the CI Galaxy Ethereum ETF are now capped at 0.95%. In a release, CI GAM said these are “the lowest published MER caps” of any Bitcoin or Ether ETF globally. Both ETFs have a management fee of 0.40% (CI is waiving the management fee of its Ether ETF until June 15). The MER is the total of a fund’s management fee, operating expenses and taxes. In a statement, Kurt MacAlpine, CEO of CI Financial...

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...

Press release content from Business Wire. The AP news staff was not involved in its creation. CI Financial Reports Record Total Assets of $240.6 Billion for March 2021 April 14, 2021 GMT TORONTO--(BUSINESS WIRE)--Apr 14, 2021-- CI Financial Corp. (“CI”) (TSX: CIX, NYSE: CIXX) today reported preliminary assets under management as at March 31, 2021 of $138.5 billion and wealth management assets of $102.1 billion, for total assets of $240.6 billion. These represent CI’s highest-ever month-end levels for wealth management assets and total assets. ADVERTISEMENT “We believe the growth in as...

The Globe and Mail Paul Brent Published April 13, 2021 Bookmark It has been long-held advice in the investing world that if you don’t understand something, it’s best not to put money into it. That advice looks to have gone by the wayside when it comes to the gold-rush atmosphere among retail investors for the new and growing crop of bitcoin exchange-traded funds. The first bitcoin ETF out of the gate, Purpose Financial LP’s Purpose Bitcoin fund (BTCC), has proven wildly popular with investors despite its relatively high management fee of 1 per cent. After less than two months, it a...