CI makes filing for bitcoin fund launch

The Galaxy Digital team’s extensive experience spans multiple areas including investing, capital markets, venture capital, asset management, and blockchain technology. As sub-advisor, the firm will execute all bitcoin trading on behalf of the CI Galaxy Bitcoin Fund.

The initial public offering includes Class A and Class F units, both of which are priced at US$10 per unit.

CI GAM’s fund will ostensibly be a challenger to 3iQ’s The Bitcoin Fund, which last week completed a treasury offering of Class A units, each priced at $24, to raise gross proceeds of more than $25 million.

3iQ’s fund offers unitholders with exposure to bitcoin and the daily movements of its U.S. dollar price, as well as the opportunity for long-term capital appreciation. It invests in long-term holdigns of bitcoin purchased from reputable bitcoin trading platforms and OTC counterparties.

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