CI GAM launches Bitcoin mutual fund | Advisor's Edge
Staff Toronto-based CI Global Asset Management (CI GAM) announced the launch of the CI Bitcoin Fund on Monday. The new fund — the first mutual fund of its kind in North America, according to a release — invests in the CI Galaxy Bitcoin ETF, which invests directly in Bitcoin with its holdings priced using the Bloomberg Galaxy Bitcoin Index. The mutual fund is available in series A, F and P units, with management fees ranging from 0.4% for series F (the same as the CI Galaxy Bitcoin ETF) to 0.9% for series A. In addition to the mutual fund and ETF, CI GAM also launched a closed-end Bitcoin ...