CI Global Asset Management (“CI GAM”) today announced a series of enhancements to its lineup of digital asset investment funds, reinforcing its status as a leader in this rapidly growing market segment.
The enhancements include:
- The launch of CI Galaxy Core Multi-Crypto ETF (“CCCX”), which has now closed its initial offering of units and is trading on the Toronto Stock Exchange (“TSX”) under the tickers CCCX (ETF C$ Hedged Series), CCCX.B (ETF C$ Unhedged Series) and CCCX.U (ETF US$ Series). CCCX invests in several of the world’s largest cryptocurrencies – bitcoin, Ether (“ETH”) and Solana (“SOL”). Like CI GAM’s other digital asset funds, CCCX is managed by CI GAM and sub-advised by Galaxy Asset Management (“Galaxy”).
- The launch of CI Solana Fund , which provides exposure to SOL through the mutual fund structure by investing in units of CI Galaxy Solana ETF (SOLX.U).
- The introduction of Canadian dollar hedged series on all existing ETFs and mutual funds in the CI digital asset lineup.
- The implementation of a staking strategy for CI Galaxy Ethereum ETF (“ETHX”) on or about August 27, 2025. CI GAM believes that staking a portion of the ETH held within ETHX’s portfolio will benefit unitholders by enhancing its total return.
“With these changes, CI GAM is making it even easier to access the benefits of digital assets,” said Jennifer Sinopoli, Executive Vice-President and Head of Distribution for CI GAM. “Our lineup allows investors to target prominent digital currencies through the convenience of a mutual fund or ETF structure with multiple purchase options. Additionally, we now provide two multi-crypto ETFs that invest in a basket of ‘blue chip’ cryptocurrencies, providing one-ticket, diversified exposure to the digital assets space.”
Benefits of investing in digital assets include:
- Diversification due to low correlation with other asset classes.
- Long-term growth potential driven by increasing adoption and network effects.
- Exposure to the innovations of blockchain technology and the growing number of applications.
“CI GAM’s funds greatly simplify the process of incorporating digital assets into investors’ investment plans and portfolios,” said Ms. Sinopoli. “Our solutions are also differentiated by the security of our institutional-grade platform and the expertise of sub-advisor Galaxy, one of the world’s largest managers of digital assets and blockchain exposures.”
“CI GAM continues to be a leader in the Canadian market in delivering innovative, accessible digital asset solutions, and we are excited to deepen our partnership with them,” said Steve Kurz, Global Head of Asset Management at Galaxy. “By expanding the product suite, we’re providing convenient, diversified tools to help investors access institutional-standard products designed for long-term growth.”
CI Galaxy Core Multi-Crypto ETF
The investment objective of CCCX is to provide unitholders with exposure to certain digital assets as selected by CI GAM, with the weighting based on a modified market capitalization model. Currently, CCCX invests in units of CI Galaxy Bitcoin ETF (BTCX.U), CI Galaxy Ethereum ETF (ETHX.U) and CI Galaxy Solana ETF (SOLX.U). Holdings are rebalanced quarterly.
CCCX is designed to provide passive, fully invested exposure to digital assets through the convenience of a single ETF investment. In contrast, CI Galaxy Multi-Crypto Navigator ETF (CMCX) uses a proprietary rules-based momentum-signalling strategy to dynamically allocate its holdings across bitcoin, ETH and SOL – as well as cash. The goal of this strategy is to deliver a smoother experience and better risk-adjusted returns for investors.
CI Solana Fund
The investment objective of CI Solana Fund is to provide unitholders exposure to SOL through an institutional-quality fund platform. CI Solana Fund is now available in Series A, F, I, and P, as well as Canadian dollar hedged Series AH, FH, IH and PH. The introduction of CI Solana Fund expands the selection of digital asset investment options for mutual fund investors. SOL is the cryptocurrency that powers the Solana blockchain network, which is known for its speed, efficiency and ease of use. It supports a wide and growing variety of applications such as payments processing, lending, non-fungible tokens, smart contracts, web3 platforms, decentralized finance models and decentralized physical infrastructure projects.
Canadian dollar hedged series
Hedging the U.S. dollar exposure of an investment fund’s holdings back to the Canadian dollar is designed to reduce currency risk for unitholders of the hedged series.
Canadian dollar hedged Series AH, FH, IH and PH are now available for CI Bitcoin Fund and CI Ethereum Fund , in addition to the existing Series A, F, I and P. ETF C$ Hedged Series are now available for these ETFs under the following TSX tickers: CI Galaxy Bitcoin ETF (BTCX); CI Galaxy Ethereum ETF (ETHX); CI Galaxy Multi-Crypto Navigator ETF (CMCX); and CI Galaxy Solana ETF (SOLX).
ETHX staking
On June 11, 2025, CI GAM announced a proposal to introduce a staking strategy to ETHX and that it would be seeking unitholder approval for CI GAM to receive a portion of the net staking rewards (the “Staking Service Fee”) in consideration for implementing and administering staking (the “Staking Arrangements”). ETHX unitholders approved the Staking Service Fee proposal at a special meeting held on August 20, 2025 and, as a result, CI GAM will begin the Staking Arrangements on or about August 27, 2025. CI GAM intends to take a conservative approach by initially allocating up to 50% of the ETH holdings to staking. No less than 75% of the rewards generated for the ETF by the Staking Arrangements (net of fees payable to the validator) will accrue to the ETF and up to 25% will accrue to CI GAM as the Staking Service Fee.
The Ethereum network operates on a proof-of-stake system, in which validators verify transactions and ensure the smooth operation of the network in exchange for the opportunity to receive rewards of additional ETH. Validators must lock up or “stake” ETH to participate in this process.
ETF name changes
The names of the following ETFs were changed effective immediately, as shown below. The TSX tickers have not changed.
Ticker |
New Name |
Previous Name |
CHNA.B |
CI ICBCCS S&P China 500 Index ETF |
|
ONEB |
CI ONE North American Core Plus Bond ETF |
|
ONEQ |
CI ONE Global Equity ETF |
About Galaxy Asset Management
Galaxy Asset Management , an affiliate of Galaxy Digital Inc. (Nasdaq/TSX: GLXY), is dedicated to providing institutional-standard access to the digital assets ecosystem. As of June 30, 2025, Galaxy has nearly US$9 billion in assets on platform 1 , including ETF, venture capital and alternative strategies, as well as staking, all leveraging the broader capabilities of Galaxy Digital Inc., a global leader in digital assets and data centre infrastructure. Headquartered in New York City and operating globally across North America, Europe, and Asia, Galaxy combines proven expertise with innovative solutions. For more information, visit www.galaxy.com .
About CI Global Asset Management
CI Global Asset Management (“CI GAM”) is one of Canada’s largest investment management companies. It offers a wide range of investment products and services and is on the web at www.ci.com . CI GAM is a subsidiary of CI Financial Corp. , an integrated global asset and wealth management company with approximately $550.9 billion in assets as at June 30, 2025.
- Represents Galaxy Asset Management assets under management and the total notional value of assets bonded and staked to Galaxy validators, based on prices as of June 30, 2025.
Galaxy Asset Management operates Galaxy Digital Capital Management LP, the sub-advisor to BTCX, CCCX, CMCX, ETHX, SOLX, CI Bitcoin Fund, CI Ethereum Fund and CI Solana Fund.
CI Galaxy Bitcoin ETF, CI Galaxy Ethereum ETF, CI Galaxy Solana ETF, CI Galaxy Core Multi-Crypto ETF, CI Galaxy Multi-Crypto Navigator ETF, CI Bitcoin Fund, CI Ethereum Fund and CI Solana Fund (the “CI Cryptocurrency Funds”) are exchange-traded funds and mutual funds that invest in digital cryptocurrencies. Given the speculative nature of cryptocurrency and the volatility of the cryptocurrency markets, there is no assurance that the CI Cryptocurrency Funds will be able to meet their investment objectives. An investment in the CI Cryptocurrency Funds is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. An investment in the CI Cryptocurrency Funds is considered high risk.
Commissions, trailing commissions, management fees and expenses may be associated with an investment in mutual funds and exchange-traded funds (ETFs). Please read the prospectus before investing. Important information about mutual funds and ETFs is contained in their respective prospectus. Mutual funds and ETFs are not guaranteed; their values change frequently, and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them. Returns of the Index do not represent the ETF’s returns. An investor cannot invest directly in the Index. Performance of the ETF is expected to be lower than the performance of the Index.
This communication is intended for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase mutual funds managed by CI Global Asset Management and is not, and should not be construed as, investment, tax, legal or accounting advice, and should not be relied upon in that regard. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies. These investments may not be suitable to the circumstances of an investor.
CI Galaxy Bitcoin ETF, CI Galaxy Ethereum ETF, CI Galaxy Solana ETF, CI Galaxy Core Multi-Crypto ETF, CI Galaxy Multi-Crypto Navigator ETF, CI Bitcoin Fund, CI Ethereum Fund and CI Solana Fund are alternative mutual funds and have the ability to invest in asset classes or use investment strategies that are not permitted for conventional mutual funds. Galaxy Digital Capital Management LP is the sub-advisor for the CI Cryptocurrency Funds. CI Global Asset Management is the manager, trustee, and promoter of the CI Cryptocurrency Funds.
The S&P China 500 Index CAD (the “S&P Index”) underlying the CI ICBCUBS S&P China 500 Index ETF (the “S&P Licensed ETF”) managed by the Manager is proprietary to S&P Dow Jones Indices LLC (“S&P DJI”). S&P® and the names identifying the S&P Index are trademarks of Standard & Poor’s Financial Services LLC and have been licensed for use by S&P DJI and sublicensed for certain purposes by the Manager. The S&P Licensed ETF based on the S&P Index is not in any way sponsored, endorsed, sold or promoted by S&P DJI, its affiliates or licensors and those parties make no representations or warranties, express or implied, regarding the advisability of investing in securities generally or in the S&P Licensed ETF particularly or the ability of the S&P Index to track general market performance.
One Capital Management, LLC is a portfolio sub-advisor to certain funds offered and managed by CI Global Asset Management.
The CI Exchange-Traded Funds are managed by CI Global Asset Management, a wholly owned subsidiary of CI Financial Corp. CI Global Asset Management is a registered business name of CI Investments Inc.
©CI Investments Inc. 2025. All rights reserved.
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