fbpx
Skip to content Skip to sidebar Skip to footer

Galaxy Digital Partners CI Global Asset Management to Launch Bitcoin ETF

Galaxy Digital Bitcoin ETF

It seems money always find its way. Galaxy Digital is teaming up with CI Global Asset Management to launch the CI Galaxy Bitcoin ETF (BTCX) in Canada.

CI Global Asset Management (CI) is one of Canada’s largest investment fund companies and is a subsidiary of CI Financial Corp, the latter which is listed on the Toronto Stock Exchange under the ticker “CIX”.

Galaxy Digital will act as a sub-advisor to BTCX and help execute bitcoin trades.

“We are excited to build on our existing relationship with Galaxy which we believe has the deepest global expertise in the cryptocurrency market,” said Kurt MacAlpine, CEO of CI Financial, the parent company of CI.

Canada has been attracting a string of Bitcoin ETFs and with each being launched, Bitcoin price just seems to get that additional fuel for growth.

It may seem that with Galaxy Digital participation in a Canadian’ Bitcoin ETF, the U.S. SEC may really have to accelerate the approval of a U.S. based Bitcoin ETF. Afterall, amidst the free-money printing policy right now, the last thing the Treasury wants is to see a capital flight out of the U.S. financial market.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020-2023}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in blockchain, crypto, Web3, fintech and technology.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us