CI Global Asset Management Simplifies Access to Digital Assets with Expanded Lineup
MWN-AI** Summary
CI Global Asset Management (CI GAM) has recently enhanced its digital asset investment offerings, solidifying its leadership in this burgeoning market. Key developments include the launch of the CI Galaxy Core Multi-Crypto ETF (CCCX), which has begun trading on the Toronto Stock Exchange. CCCX invests in prominent cryptocurrencies such as Bitcoin, Ethereum, and Solana, managed by CI GAM and advised by Galaxy Asset Management. Additionally, CI GAM has introduced the CI Solana Fund, providing a mutual fund structure for investors seeking exposure to Solana (SOL) via the CI Galaxy Solana ETF.
In a bid to reduce currency risk, CI GAM has also unveiled Canadian dollar-hedged series for all existing digital asset ETFs and mutual funds. Furthermore, a staking strategy for the CI Galaxy Ethereum ETF (ETHX) is set to be implemented in late August 2025, aiming to enhance total returns for unitholders.
Jennifer Sinopoli, CI GAM’s Executive Vice-President and Head of Distribution, emphasized that these enhancements make digital asset investments more accessible, offering investors diversified exposure to leading cryptocurrencies through user-friendly structures. CI GAM’s latest initiatives, such as the multi-crypto ETFs, provide convenient, low-correlation investment options, aligning with long-term growth prospects tied to blockchain technology and cryptocurrency adoption.
Additionally, CI GAM has announced name changes for three ETFs, further clarifying its product offerings. In collaboration with Galaxy, CI GAM continues to provide institutional-grade solutions designed to meet the evolving needs of investors in the digital asset space, building a robust suite of investment tools for long-term engagement. As cryptocurrency markets remain volatile, CI GAM’s latest initiatives exemplify their commitment to offering innovative and accessible digital asset solutions.
MWN-AI** Analysis
CI Global Asset Management (CI GAM) has taken significant strides in enhancing its digital asset offerings, launching the CI Galaxy Core Multi-Crypto ETF (CCCX) and the CI Solana Fund. These developments underscore CI GAM’s commitment to simplifying access to digital assets amid growing interest from investors seeking diversification and exposure to this volatile yet innovative market.
The CCCX ETF allows investors to gain exposure to a diversified basket of major cryptocurrencies, such as Bitcoin, Ethereum, and Solana, in a single investment. This approach mitigates the risks associated with individual cryptocurrency investments while providing potential upside from multiple digital assets. CI GAM’s management, combined with Galaxy Asset Management's expertise, enhances the credibility and strategic oversight of these funds, making them attractive for both novices and seasoned investors in the crypto space.
Furthermore, the integration of Canadian dollar hedged series across existing ETFs minimizes currency risk for Canadian investors, appealing to those cautious about fluctuating exchange rates. The planned staking strategy for the CI Galaxy Ethereum ETF could enhance total returns, showcasing CI GAM’s proactive approach to maximizing yields for unitholders.
However, potential investors should remain cautious. The inherent volatility of cryptocurrencies means these funds are not without risk. It's essential to align investment strategies with one’s risk appetite and consult financial advisors to ensure that digital assets fit within broader financial goals.
In summary, CI GAM’s expanded offerings reflect a significant opportunity for diversified exposure in the digital asset realm. Investors should consider the merits of these developments while weighing their individual risk profiles and investment timelines. As the digital asset landscape evolves, staying informed and engaged will be crucial for achieving long-term objectives.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
CI GAM also announces name changes for three ETFs – CHNA.B, ONEB and ONEQ
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250826550649/en/
Murray Oxby
Vice-President, Corporate Communications
CI Global Asset Management
416-681-3254
moxby@ci.com
FAQ**
How does the CI Galaxy Ethereum ETF (ETHX.U:CC) plan to implement its staking strategy, and what potential benefits does this offer to unitholders?
What differentiates the CI Galaxy Ethereum ETF (ETHX.U:CC) from other ETFs in the CI digital asset lineup, specifically in terms of investment strategy and risk management?
With the introduction of Canadian dollar hedged series for CI Galaxy Ethereum ETF (ETHX.U:CC), how does CI GAM mitigate currency risk for investors?
Can you elaborate on the expected performance of CI Galaxy Ethereum ETF (ETHX.U:CC) in relation to the broader digital assets market, particularly post-staking implementation?
4. Can CI GAM provide insights on the expected impact of the staking strategy for the CI Galaxy Ethereum ETF (ETHX) on the overall returns, given Galaxy's (GLXY) expertise?
**MWN-AI FAQ is based on asking OpenAI questions about Ci One Global Equity Etf (TSXC: ONEQ:CC).
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