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Canadian Fund Giant CI Financial Raised $72 Million In Its Bitcoin Fund IPO
Summary: According to Bloomberg, CI Financial, Canada's largest mutual fund management company by market cap, has completed a $72 million Bitcoin fund IPO. The shares of its Bitcoin fund ( named CI Galaxy Bitcoin Fund ) will be listed on the Toronto Stock Exchange, supporting the U.S. and Canadian dollars trading. CI Financial is responsible for the ...
According to Bloomberg, CI Financial, Canada's largest mutual fund management company by market cap, has completed a $72 million Bitcoin fund IPO. The shares of its Bitcoin fund ( named CI Galaxy Bitcoin Fund ) will be listed on the Toronto Stock Exchange, supporting the U.S. and Canadian dollars trading.
CI Financial is responsible for the management of the fund, and Mike Novogratz's Galaxy Digital Capital Management will act as the sub-advisor and execute all Bitcoin transactions on behalf of the fund.
By Mary Liu
Tags: Bitcoin,Bitcoin Fund,CI Financial,Galaxy Digital,IPO,Mike Novogratz,Toronto Stock Exchange
Link: Canadian Fund Giant CI Financial Raised $72 Million In Its Bitcoin Fund IPO [Copy]
