CI Galaxy Bitcoin ETF

The CI Galaxy Bitcoin ETF (ticker: BTCX-B.TO) is a Canadian exchange-traded fund that provides investors with direct exposure to bitcoin. Launched on March 9, 2021, by CI Global Asset Management (CI GAM), the ETF was introduced with a management fee of 0.40%, positioning it as the lowest-cost bitcoin ETF globally at that time. CI GAM partnered with Galaxy Digital Capital Management LP, a leader in digital asset management, to serve as the bitcoin sub-advisor, responsible for executing bitcoin trading on behalf of the ETF. (businesswire.com)

In April 2021, unitholders of the CI Galaxy Bitcoin Fund (BTCG), a closed-end investment fund also managed by CI GAM, approved its merger into the CI Galaxy Bitcoin ETF. This strategic move aimed to enhance liquidity and provide investors with a more efficient vehicle for bitcoin exposure. The merger was completed on May 7, 2021, consolidating CI GAM's bitcoin investment offerings under the ETF structure. (cifinancial.com)