CI Galaxy Bitcoin ETF (USD)

The CI Galaxy Bitcoin ETF (USD), trading under the ticker BTCX-U.TO, is a Canadian exchange-traded fund that provides investors with direct exposure to bitcoin. Managed by CI Global Asset Management (CI GAM), the ETF was launched on March 5, 2021, with the aim of offering a secure and cost-effective means for investors to participate in the bitcoin market. The fund's sub-advisor is Galaxy Digital Capital Management LP, a firm renowned for its expertise in digital asset management. (businesswire.com)

Initially, CI GAM introduced the CI Galaxy Bitcoin Fund, a closed-end investment fund, in December 2020. Recognizing the benefits of the ETF structure, including increased liquidity and potential economies of scale, CI GAM merged the closed-end fund into the CI Galaxy Bitcoin ETF in May 2021. This strategic move was designed to enhance investor access to bitcoin through a more flexible and efficient investment vehicle. (cifinancial.com)