Investing in Ether just got easier
The Ethereum blockchain is considered by many to be the next step in the evolution of the internet. And as usage of what is already the most actively used blockchain in the world increases, demand for Ether, Ethereum’s native coin, should continue to grow.
Consider that Ether has become the second-largest cryptocurrency (after bitcoin) on the strength of the Ethereum platform. Developers like Ethereum for its broad set of development tools, smart contracts and large community of experienced programmers. And Ether is the native coin of this blockchain.
Another sign of Ethereum’s staying power is the formation of the Ethereum Enterprise Alliance, which includes many of the biggest names in banking, technology and energy, and is dedicated to developing use cases for Ethereum.
Additionally, we’re currently seeing in real-time just how useful Ethereum technology can be through the rise of decentralized finance (DeFi) – which is a global, open alternative to traditional financial services, including savings, loans, trading and more.
How do Ethereum and DeFi benefit each other?
- Ethereum now hosts six DeFi applications valued at more than $1 billion.
- DeFi runs on smart contract technology, and Ethereum’s general programmability allows for this sophisticated functionality and enables developers to build financial services decentralized apps.
- DeFi has experienced exponential growth in 2020 that we anticipate will continue in 2021.
- The Ethereum blockchain processes about 1.1 million transactions per day (and could grow to more than 66 million per day as Ethereum 2.0 is completed by the end of 2023).
- Decentralized finance is already generating hundreds of millions in annual revenue.
Performance of Ethereum
As of April 20, 2021, Ether had a market capitalization of $225 million. And over the past year, the value has increased over 1,242%!
Source: ethereumprice.org as of April 20, 2021.
Investing in Ether
Ether should be considered a growth investment focused on the future of the internet. Think of it like investing in a basket of early stage, high-growth tech stocks and consider allocating accordingly. Of course, investing in Ether is easier said than done, as it can be complicated and expensive for individuals to access.
CI Galaxy Ethereum ETF (ETHX) and CI Ethereum Fund make it easy for all investors to access Ether. The ETF and mutual fund are:
The funds only invest in Ether1
You get exposure to Ether without the hassle of keys, digital wallets, cold storage, or the need to convert to cash
The funds’ Ether is stored safely in “cold” storage that is completely offline
This exciting crypto offering has no investment minimums
Investors get the expertise of cryptocurrency leaders Galaxy Fund Management and CI Global Asset Management
1The CI Galaxy Ethereum ETF invests in Ether and CI Ethereum Fund provides exposure to Ether by buying units of CI Galaxy Ethereum ETF.
ETHX and CI Ethereum Fund are the world’s first Ether offering with the world’s lowest management fee.
Also review our additional information to understand Ethereum, where we discussed the ABCs of Ether and the Ethereum blockchain.