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CI Global Asset Management Launches Bitcoin Mutual Fund in Canada
Through the fund, Canadian investors would be able to access the bitcoin market at what CI said was an industry-low management fee.
Updated Sep 14, 2021, 12:35 p.m. Published Apr 5, 2021, 3:39 p.m.
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CI Global Asset Management, a unit of a firm overseeing more than $230 billion in assets, launched CI Bitcoin Fund, which it described as North America’s first mutual fund to provide dedicated exposure to bitcoin.
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- Through the fund, Canadian investors would be able to access the bitcoin market at what CI said was an industry-low management fee of 0.40% (Series F) and with an initial minimum investment of $500.
- In February, Canada-based CI Global filed to issue North America's third bitcoin exchange-traded fund (ETF) and four days later filed for what would be the world's first ether ETF.
- CI Global is a unit of CI Financial, one of Canada’s largest investment management companies.
