“And as an ETF, it provides a convenient, secure and cost-effective way to access two of the world’s leading cryptocurrencies in a single investment,” McAlpine said.
The ETF invests in the CI Galaxy Bitcoin ETF (TSX: BTCX) and the CI Galaxy Ethereum ETF (TSX: ETH) to provide exposure to bitcoin and ether. It comes with a 0.50 percent management fee, which is among the lowest in the world for a diversified cryptocurrency fund.
According to CI GAM, the management expense ratio of the ETF is limited to just 1.05 percent.
The CI Galaxy Multi-Crypto ETF is the newest addition to CI GAM’s industry-leading cryptocurrency products, consisting of three ETFs as well as two mutual funds: the CI Bitcoin Fund and the CI Ethereum Fund.