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CI Global Asset Management (“CI GAM”) announced today that it has filed and obtained a receipt for a preliminary prospectus for CI Galaxy Ethereum ETF (“ETHX” or the “ETF”). When launched, it is expected to be the first ETF in the world to invest directly in Ether, the cryptocurrency built on the Ethereum blockchain.
“Cryptocurrencies are transforming the financial world, and we are excited to launch the world’s first ETF investing directly in Ether, one of the most highly valued cryptocurrencies,” said Kurt MacAlpine, Chief Executive Officer of CI Financial, the parent company of CI GAM.
“CI is quickly establishing a leadership position in this space, having launched CI Galaxy Bitcoin Fund and recently filing a preliminary prospectus for CI Galaxy Bitcoin ETF, in partnership with blockchain and cryptocurrency experts Galaxy Digital. With these funds, we are reducing the friction points that investors have traditionally faced in buying and holding cryptocurrencies. CI Galaxy Ethereum ETF is an important addition to that lineup as this emerging asset class gains increasing interest and validation.”