{"id":37089,"date":"2021-02-26T13:54:08","date_gmt":"2021-02-26T11:54:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=37089"},"modified":"2025-08-29T09:45:33","modified_gmt":"2025-08-29T06:45:33","slug":"galaxy-digital-backs-worlds-first-ethereum-etf-filing","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/galaxy-digital-backs-worlds-first-ethereum-etf-filing\/","title":{"rendered":"Galaxy Digital backs world&#8217;s first Ethereum ETF filing"},"content":{"rendered":"<p><span style=\\\"font-weight: 400;\\\">A Canadian asset manager, CI Financial, with assets under management of about $180 billion, filed with the Ontario Securities Commission (OSC) to launch <\/span><span style=\\\"font-weight: 400;\\\">an exchange-traded fund (ETF)<\/span><span style=\\\"font-weight: 400;\\\"> based on <\/span><span style=\\\"font-weight: 400;\\\">Ethereum. The adviser will be the cryptocurrency bank Galaxy Digital, led by Mike Novogratz.<\/span><span style=\\\"font-weight: 400;\\\">.<\/span><\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">CI Global Asset Management Files Preliminary Prospectus for CI Galaxy Ethereum ETF, the world\u2019s first ever ETH ETF filing. <a href=\\\"https:\/\/t.co\/IH4ISkMlkU\\\">https:\/\/t.co\/IH4ISkMlkU<\/a><\/p>\n<p>\u2014 Mike Novogratz (@novogratz) <a href=\\\"https:\/\/twitter.com\/novogratz\/status\/1364972503219769345?ref_src=twsrc%5Etfw\\\">February 25, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p><span style=\\\"font-weight: 400;\\\">CI Galaxy Ether<\/span><span style=\\\"font-weight: 400;\\\">eum ETF, ticker ETHX, could list on the Toronto Stock Exchange (TSX) and become the world\u2019s first such regulated instrument.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">ETHX will invest directly in Ethereum and be valued based on the Bloomberg Galaxy Ethereum Index. Galaxy Digital will handle trading operations.<\/span><\/p>\n<blockquote>\n<p><span style=\\\"font-weight: 400;\\\">\u201cEthereum is the leading candidate to serve as the base layer for Web 3.0, and Ether is an asset providing access to a growing number of decentralized applications,\u201d<\/span><span style=\\\"font-weight: 400;\\\"> said the founder of the crypto bank, Mike Novogratz.<\/span><\/p>\n<\/blockquote>\n<p><span style=\\\"font-weight: 400;\\\">In December, CI Financial and Galaxy Digital<\/span><span style=\\\"font-weight: 400;\\\"> received approval in Canada to begin trading the created <a href=\"https:\/\/u1f987.com\/en\/news\/galaxy-digital-to-launch-new-bitcoin-fund-in-canada\">\u0431\u0438\u0442\u043a\u043e\u0438\u043d-\u0444\u043e\u043d\u0434\u043e\u043c<\/a> and later filed a joint application for an ETF based on the first cryptocurrency.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In January, Galaxy Digital announced<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/galaxy-digital-to-launch-three-ethereum-funds-for-institutional-investors\"><span style=\\\"font-weight: 400;\\\"> the launch of three Ethereum funds<\/span><\/a><span style=\\\"font-weight: 400;\\\"> for large investors. It was timed with the launch of trading <\/span><a href=\"https:\/\/u1f987.com\/en\/news\/cme-to-add-ethereum-futures\"><span style=\\\"font-weight: 400;\\\"> futures on the second-largest cryptocurrency<\/span><\/a><span style=\\\"font-weight: 400;\\\"> on the Chicago Mercantile Exchange.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">In February, Mike Novogratz predicted<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/mike-novogratz-forecasts-sec-approval-of-bitcoin-etf-this-year\"><span style=\\\"font-weight: 400;\\\"> the approval by the US Securities and Exchange Commission of a Bitcoin ETF<\/span><\/a><span style=\\\"font-weight: 400;\\\"> this year.<\/span><\/p>\n<p><span style=\\\"font-weight: 400;\\\">Earlier in Canada, regulators approved two applications for<\/span><span style=\\\"font-weight: 400;\\\"> an ETF based on the first cryptocurrency<\/span> <span style=\\\"font-weight: 400;\\\">from <a href=\"https:\/\/u1f987.com\/en\/news\/ontario-approves-second-bitcoin-etf\">Evolve Funds Group<\/a><\/span><span style=\\\"font-weight: 400;\\\"> and from<\/span> <a href=\"https:\/\/u1f987.com\/en\/news\/canada-registers-bitcoin-etf-ahead-of-the-united-states\"><span style=\\\"font-weight: 400;\\\">Purpose Investments<\/span><\/a><span style=\\\"font-weight: 400;\\\">.<\/span><\/p>\n<p>Follow ForkLog news on Twitter!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CI Financial, a Canadian asset manager with about $180 billion in assets under management, filed with the Ontario Securities Commission (OSC) to launch an Ethereum-based ETF. The adviser will be Galaxy Digital led by Mike Novogratz.<\/p>\n","protected":false},"author":1,"featured_media":37090,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[771,46,770,1211,1992],"class_list":["post-37089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canada","tag-ethereum","tag-galaxy-digital","tag-stock-market","tag-tsx"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/37089","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=37089"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/37089\/revisions"}],"predecessor-version":[{"id":37091,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/37089\/revisions\/37091"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/37090"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=37089"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=37089"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=37089"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}