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Canada's CI Global Launches The World's First Ethereum Mutual Fund
Summary: CI Global Asset Management, Based in Toronto, Canada, today announced the launch of the CI Ethereum Fund, which is the world's first mutual fund that provides Ethereum exposure. The fund charges 0.40% (for the F series) of the industry's lowest management fee, and the company will waive this fee for a limited time until June 15, ...
CI Global Asset Management, Based in Toronto, Canada, today announced the launch of the CI Ethereum Fund, which is the world's first mutual fund that provides Ethereum exposure.
The fund charges 0.40% (for the F series) of the industry's lowest management fee, and the company will waive this fee for a limited time until June 15, 2021. The upper limit of the fund's management expense ratio is 1.00% (F series).
CI Global launched the CI Galaxy Ethereum ETF last week and claimed to be the world's first ETF that directly invests in Ethereum.
Kurt MacAlpine, CEO of CI Financial, CI's parent company, described CI Global as the only company in the world that provides convenient, low-cost secure exposure of the two largest cryptocurrencies through ETFs and mutual funds.
By Mary Liu
Tags: CI Global,Ethereum,Fund
Link: Canada's CI Global Launches The World's First Ethereum Mutual Fund [Copy]
