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CI Global Asset Management Launches Bitcoin Mutual Fund in Canada

Through the fund, Canadian investors would be able to access the bitcoin market at what CI said was an industry-low management fee.

Updated Sep 14, 2021, 12:35 p.m. Published Apr 5, 2021, 3:39 p.m.

CI Global Asset Management, a unit of a firm overseeing more than $230 billion in assets, launched CI Bitcoin Fund, which it described as North America’s first mutual fund to provide dedicated exposure to bitcoin.

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Through the fund, Canadian investors would be able to access the bitcoin market at what CI said was an industry-low management fee of 0.40% (Series F) and with an initial minimum investment of $500.
In February, Canada-based CI Global filed to issue North America's third bitcoin exchange-traded fund (ETF) and four days later filed for what would be the world's first ether ETF.
CI Global is a unit of CI Financial, one of Canada’s largest investment management companies.

Canada Mutual Funds ci global Bitcoin Mutual Fund

Kevin Reynolds

Kevin Reynolds is editor-in-chief at CoinDesk. Prior to joining the company in mid-2020, Reynolds spent 23 years at Bloomberg, where he won two CEO awards for moving the needle for the entire company and established himself as one of the world's leading experts in real-time financial news. In addition to having done almost every job in the newsroom, Reynolds built, scaled and ran products for every asset class, including First Word, a 250-person global news/analysis service for professional clients, as well as Bloomberg's Speed Desk and the training program that all Bloomberg News hires worldwide are required to take. He also turned around several other operations, including the company's flash headlines desk and was instrumental in the turnaround of Bloomberg's BGOV unit. He shares a patent for a content management system he helped design, is a Certified Scrum Master, and a veteran of the U.S. Marine Corps. He owns bitcoin, ether, polygon and solana.