• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Bitcoin Fund Debuts on Canada’s Biggest Stock Exchange

by
December 17, 2020
in Uncategorized
0
Bitcoin Fund Debuts on Canada’s Biggest Stock Exchange
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Bitcoin Fund Debuts on Canada’s Biggest Stock Exchange

CI Global Asset Management has begun to trade on the Toronto Stock Exchange in Canada. The fund’s initial public offering managed to raise $72 million and units commenced trading in both U.S. dollars and Canadian dollars.

Related articles

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

January 17, 2021
Ethereum is On the Brink of Setting Fresh All-Time Highs as Bulls Take Control

Ethereum is On the Brink of Setting Fresh All-Time Highs as Bulls Take Control

January 16, 2021

CI Global Fund Begins Trading

CI Global Asset Management has made it known that it has completed the initial public offering of the CI Galaxy Bitcoin Fund. According to the press release, $72 million was raised from the listing.

Initially, the fund had different classes such as class A, class C, and class F. However, regardless of their class, each share unit was sold for $10. But, when the offerings were closed, classes C and F had collapsed into a class A share.

With trading set to begin today, all the shares have been put for trading on the Toronto Stock Exchange (TSX). Investors can trade the shares against both United States Dollars and the Canadian dollar. BTCG.U and BTCG.UN are the tickets for the trade.

The announcement further went on to reveal that the fund would be an investment option that would give holders an opportunity to invest in bitcoin via an institutionally backed fund platform.

The fund’s bitcoin would be stored in a cold storage system which is the preferred method of protection offered by some of the leading protocols in the crypto space.

Galaxy Digital to Act as Fund Sub-Adviser

A leading crypto firm that has made its name as an intermediary between the crypto industry and corporate institutions, Galaxy Digital, would act as the sub-adviser of CI’s new bitcoin fund.

As the sub-adviser, Galaxy Digital would have the right to carry out trades on behalf of the Fund in the market. The press release further stated that the fund was going to be investing in bitcoin directly. While the bitcoin holdings of the fund are going to be priced using the Bloomberg Galaxy Bitcoin index tool.

CEO, Kurt MacAlpine who is the CEO of CI Galaxy Bitcoin Fund parent’s company CI Financial Corp., said that the fund would give investors the benefit of having to choose from an array of quality investment options.

In his words the fund would be:

“Providing investors with the benefits of a broad choice of high-quality alternative investment options.”

Bitwise Starts Strong in the United States

A recently launched crypto fund in the United States, Bitwise, has had one of the strongest starts in the history of crypto-based funds in the country. According to reports, the crypto fund was able to record $67 million of its shares being traded within the first 72 hours of its emergence.

The Bitwise fund, however, currently operates as a trust because it is yet to get the express approval of the US financial authorities, Securities and Exchange Commission (SEC).

What do you think about the bitcoin fund trading on TSX? Let us know what you think about this subject in the comments section below.

The post Bitcoin Fund Debuts on Canada’s Biggest Stock Exchange appeared first on Bitcoin News.

Share76Tweet47

Related Posts

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

by
January 17, 2021
0

Researchers at the International Monetary Fund (IMF) have examined the central bank laws of 174 IMF members to answer the...

Ethereum is On the Brink of Setting Fresh All-Time Highs as Bulls Take Control

Ethereum is On the Brink of Setting Fresh All-Time Highs as Bulls Take Control

by
January 16, 2021
0

Ethereum has seen some intensely bullish price action throughout the past couple of days, with bulls sparking a massive upside...

BTC crash, DOT crushes XRP, man risks losing $262M: Hodler’s Digest, Jan. 10–16

BTC crash, DOT crushes XRP, man risks losing $262M: Hodler’s Digest, Jan. 10–16

by
January 16, 2021
0

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph...

Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum

Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum

by
January 16, 2021
0

Analysts say Bitcoin price needed to “slow down” in order to maintain the bullish momentum needed for the next leg...

A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity

A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity

by
January 16, 2021
0

A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins....

Load More
  • Trending
  • Comments
  • Latest
SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

SushiSwap’s SUSHI Surges 20% Again After Ethereum Price Correction

December 6, 2020

Services Could Help Investors Rate Crypto Currencies

December 6, 2020

3 Factors That Made Bitcoin Become so Valuable Last Year

December 6, 2020
Snowden: The Dollar Has Lost 99% Of Its Value Against Bitcoin

Snowden: The Dollar Has Lost 99% Of Its Value Against Bitcoin

December 7, 2020
IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0
IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

IMF Says Only 23% of Central Banks Can Legally Issue Digital Currencies

January 17, 2021
Ethereum is On the Brink of Setting Fresh All-Time Highs as Bulls Take Control

Ethereum is On the Brink of Setting Fresh All-Time Highs as Bulls Take Control

January 16, 2021
BTC crash, DOT crushes XRP, man risks losing $262M: Hodler’s Digest, Jan. 10–16

BTC crash, DOT crushes XRP, man risks losing $262M: Hodler’s Digest, Jan. 10–16

January 16, 2021
Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum

Traders say Bitcoin price ‘needed pullback’ to maintain bullish momentum

January 16, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Abra
  • Altcoin News
  • altcoins
  • Altseason
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Smart Chain
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • bitcoin network
  • Bitcoin price
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Price Prediction
  • Changpeng Zhao
  • charlie lee
  • CME Group
  • coinbase
  • Coinmarketcap
  • cryptocurrency
  • Dash (DASH)
  • DeFi
  • DeFi Pulse
  • Electric Coin Company
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Futures
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Guide
  • Guides
  • Institutional Investors
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Market
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • Other
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Wallets and Exchanges
  • XRP
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.