The case for ether
Ether is the digital currency of the most widely used blockchain, Ethereum, and the world’s second largest cryptocurrency. The Ethereum blockchain is the first platform for the building of decentralized applications using "smart contracts" that have the potential to streamline business processes around the world.
CI Galaxy Ethereum Funds
The world’s first Ether offering with the world's lowest management fee, and the lowest Ether ETF MER (not to exceed 0.95%.
Ether offers investors a growth opportunity similar to investing in a basket of early stage, high-growth tech stocks. But it can be complicated and expensive for individuals to access. In addition to having the lowest management fee, our CI Galaxy Ethereum solutions are also:
The funds only invest in Ether
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
The expertise of cryptocurrency leaders Galaxy Fund Management and CI Global Asset Management
The CI Galaxy Ethereum ETF invests in Ether and CI Ethereum Fund provides exposure to Ether by buying units of CI Galaxy Ethereum ETF. Given the speculative nature of Ether and the volatility of the Ether markets, there is no assurance that these products will be able to meet their investment objectives. Investing in these products is considered high risk and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment.
Cryptocurrency solutions like CI Galaxy Ethereum ETF make it easier — and more cost-effective — for all investors to access this exciting digital asset.
Exciting investor benefits
Ethereum is the most actively used blockchain in the world and as its usage grows, so too should the demand for Ether.
Owning Ether is similar to owning a basket of early-stage, high-growth technology stocks.
Exposure to real-world blockchain use
The Ethereum blockchain currently 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).
Source: Galaxy Digital Research. These statements reflect the views of Galaxy Digital Capital Management and does not necessarily reflect the view of the broader financial services industry.
It should be noted, cryptocurrencies are volatile and do carry additional risks along with the potential for higher returns. Investors should read the prospectus carefully before investing.
The key benefits of Ether
Ether is the world's second largest cryptocurrency.
There is a limited supply of 18 million new Ether each year.
The Ethereum blockchain is helping the global theme of Decentralized Finance (DeFi) to grow more quickly.
Over the past year1, Ether has increased in value by 1,242%.
1April 21, 2020 - April 20, 2021. Source: Bloomberg Finance L.P., showing daily values of XET/USD.
We are excited to build on our existing relationship with Galaxy, which we believe has the deepest global expertise in the cryptocurrency market.
– Kurt MacAlpine, CEO of CI Financial
Galaxy Fund Management
Partnering with a digital asset leader
Galaxy Fund Management (GFM) is the sub-advisor for CI Galaxy Ethereum ETF and CI Ethereum Fund. GFM sits within the asset management arm of Galaxy Digital, a diversified financial services firm dedicated to the digital asset and blockchain technology sector. The GFM team has deep institutional experience managing third-party capital across traditional and alternative asset classes, strong relationships with institutional service providers and counterparties, and exceptional connectivity throughout the blockchain and digital assets ecosystem.
As sub-advisor, GFM executes Ethereum trading on behalf of the Ethereum ETF.
We believe strongly in the value of sound financial advice.
Please contact your CI Sales Team representative to learn more.1-800-268-9374
CI Galaxy Ethereum ETF and CI Ethereum Fund (collectively the "Funds") are alternative investment funds that invest in the digital currency Ether (“ETH”). Given the speculative nature of ETH and the volatility of the Ether markets, there is no assurance that the Funds will be able to meet their investment objective. An investment in the Funds is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. An investment in the Funds is considered high risk.
Commissions, trailing commissions, management fees and expenses all may be associated with an investment in mutual funds and exchange-traded funds (ETFs). Please read the prospectus before investing. Important information about mutual funds and ETFs is contained in their respective prospectus. Mutual funds and ETFs are not guaranteed; their values change frequently, and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.
This document is provided as a general source of information and should not be considered personal, legal, accounting, tax or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Market conditions may change which may impact the information contained in this document. All charts and illustrations in this document are for illustrative purposes only. They are not intended to predict or project investment results. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.
Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI Global Asset Management has taken reasonable steps to ensure their accuracy. Market conditions may change which may impact the information contained in this document.
The CI Galaxy Ethereum ETF and CI Ethereum Fund are alternative mutual funds and have the ability to invest in asset classes and use investment strategies that are not permitted for conventional mutual funds. Galaxy Digital Capital Management LP is the Ethereum subadvisor for the Funds. CI Investments Inc. is the manager, trustee and promoter of the Fund.
*CI Global Asset Management is waiving the management fee from the ETF and mutual fund (Series A and F) until June 15, 2021. For Series A, this equals the management fee declining from 0.90% to 0.50%, in which the Series A trailing commission of 0.50% is still intact. For Series F, this equals the management fee declining from 0.40% to 0.00%. CI Global Asset Management also announced an ongoing cap on the MER of the ETF (or the fund’s underlying investment) to not exceed 0.95%. The MER for Series A and Series F has been capped at 1.55% and 1.00%, respectively. The management expense ratio (MER) represents the total of the management fee, operating expenses and taxes.
CI Global Asset Management is a registered business name of CI Investments Inc.
©CI Investments Inc. 2021. All rights reserved.
Published April 22, 2021