CI GAM Launches Ethereum Mutual Fund

After listing an Ethereum ETF on a Canadian stock exchange, CI Global Asset Management (CI GAM) announced on Monday the launch of an Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term mutual fund, which happened to be the first such fund of the altcoin.

The mutual fund will invest in units of CI Galaxy Ethereum ETF, which was launched by the company recently.

As a strategy to attract investors, the company is offering a management fee as low as 0.4 percent, which will be waived until June 15. Additionally, the management expense ratio will be capped at 1 percent.

Commenting on the new fund, CI Financial’s CEO, Kurt MacAlpine said: “CI Global Asset Management is the only company in the world offering convenient, low-cost and secure exposure to the two largest Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term through both ETFs and mutual funds.”

Ethereum is one of the top cryptocurrencies in terms of market capitalization and the prices of the token touched a record recently above $2,600, according to Coinmarketcap.com. After a recent correction, the prices bounced back and the crypto is now trading at $2,500, as of press time.

Meeting the Retail Crypto Demand

Additionally, CI GAM offers a similar ETF and mutual fund duo for Bitcoin. The company became one of the first to launch Ethereum ETF, and now with its Ethereum mutual fund, it is creating aggressive offerings for retail investors looking to get crypto exposure.

Moreover, the asset manager partnered with Galaxy Digital for its crypto funds, which act as the sub-advisor.

“These products allow investors to access these digital assets through their financial advisors, so they can be integrated into an investor’s existing portfolio and investment plan. Building a leadership position in the digital assets sector as it becomes increasingly mainstream is an important part of CI GAM’s mission to offer investors timely and relevant investment solutions in the product structure they prefer,” MacAlpine added.