Canadian regulator approves launch of Bitcoin ETF from CI Financial and Galaxy Digital

Canadian regulators have approved the launch of the CI Galaxy Bitcoin ETF, an exchange-traded fund from CI Global Asset Management (CI GAM) and Galaxy Digital by Mike Novogratz. This was reported in a press release .

The listing of the financial instrument under the ticker BTCX will take place on March 9 at the Toronto Stock Exchange (TSX).

CI GAM also plans to merge an existing $ 172 million bitcoin fund with a new ETF.

The Financial Product Manager will be CI GAM. Galaxy Digital Capital Management LP will act as co-manager.

In February, Canada registered the first Bitcoin ETF in North America operated by Purpose Investments.

In January, Galaxy Digital announced the launch of three Ethereum funds for large investors.

Earlier, Hodlmonks reported that within a month after the launch of Ethereum, Galaxy Digital funds raised $ 32 million from institutions .

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