{"id":420550,"date":"2021-04-26T10:59:30","date_gmt":"2021-04-26T14:59:30","guid":{"rendered":"https:\/\/www.investmentexecutive.com\/?p=420550"},"modified":"2021-04-26T10:59:30","modified_gmt":"2021-04-26T14:59:30","slug":"ci-gam-launches-ether-mutual-fund","status":"publish","type":"post","link":"https:\/\/www.investmentexecutive.com\/news\/products\/ci-gam-launches-ether-mutual-fund\/","title":{"rendered":"CI GAM launches Ether mutual fund"},"content":{"rendered":"<p>CI Global Asset Management (CI GAM) has launched a mutual fund that provides investors with exposure to Ether, a cryptocurrency built on the Ethereum blockchain.<\/p>\n<p>The CI Ethereum Fund invests all or substantially all of its assets in the CI Galaxy Ethereum ETF, which was <a href=\"https:\/\/www.investmentexecutive.com\/news\/products\/multiple-direct-custody-ether-etfs-coming-to-market\/\">launched last week<\/a> and invests directly in Ether. CI GAM has also launched an ETF and mutual fund that invest in Bitcoin.<\/p>\n<p>\u201cCI Global Asset Management is the only company in the world offering convenient, low-cost and secure exposure to the two largest cryptocurrencies through both ETFs and mutual funds,\u201d Kurt MacAlpine, CEO of CI Financial Corp., said in a release.<\/p>\n<p>The CI Ethereum Fund is available in series A, F and P units. Management fees have been waived until June 15, according to the release, at which time they will revert to 0.90% for series A and 0.40% for series F. The management expense ratio for each series has been capped at 1.55% and 1.00%, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The fund invests in the CI Galaxy Ethereum ETF, which was launched last week<\/p>\n","protected":false},"author":148356,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2315,2312],"tags":[2801,2474],"yst_prominent_words":[4784,81305,81304,81303,74637,74634,71868,61362,19267,19266,6100,5877,2136,4111,4028,2145,2144,2142,2139,2138],"acf":[],"_links":{"self":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/420550"}],"collection":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/users\/148356"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/comments?post=420550"}],"version-history":[{"count":4,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/420550\/revisions"}],"predecessor-version":[{"id":420558,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/posts\/420550\/revisions\/420558"}],"wp:attachment":[{"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/media?parent=420550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/categories?post=420550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/tags?post=420550"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.investmentexecutive.com\/wp-json\/wp\/v2\/yst_prominent_words?post=420550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}