Bitcoin is a revolutionary form of digital currency created in 2008 by a person or group of people known as Satoshi Nakamoto. Unlike traditional currencies, Bitcoin is a digital asset and does not depend on central banks or governments. Instead, it operates as a completely decentralized system and stores activity on a digital database called the Bitcoin ledger. This decentralization means that no single company or government can make decisions about how the currency works or how people can use it.
CI Galaxy Bitcoin ETF C$ Unhedged Series Units (BTCX.B) provide exposure to Bitcoin through an institutional-quality fund platform. Due to its limited supply schedule, Bitcoin is akin to digital gold and can act as an inflation hedge. High-quality, secure and efficient investor experiences is paramount in the cryptocurrency space, which is why CI Global Asset Management (CI GAM) is excited to partner with leading digital asset service provider:
- Galaxy Digital: One of the world’s leading cryptocurrency asset managers and financial services firm acting as the sub-advisor
- Digital Gold: Bitcoin is akin to digital gold due to its limited supply schedule and can therefore act as an inflation hedge.
- The First of its Kind: Bitcoin is the world’s largest and most ubiquitous cryptocurrency, and it has low correlation to traditional markets
- Convenient bitcoin exposure; no “digital wallet” needed
- Liquidity through exchange traded fund (ETF) structure
- Professionally managed and securely serviced through entire bitcoin ownership process
- Tax sheltered eligibility via TFSA and RRSP
| Manager |  |  |  |  |  | |
| ETF | BTCQ | EBIT | BTCX.B | BITI | BTCC.B | BTCY.B |
| Inception | 2021-03-31 | 2021-02-17 | 2021-03-05 | 2021-04-14 | 2022-02-25 | 2021-11-19 |
| AUM | $103,614,797 | $110,879,000 | $279,480,000 | $28,614,388 | $1,100,000,000 | $55,500,000 |
| MER | 1.64% | 2.18% | 0.87% | 1.86% | 1.49% | 1.28% |
| Risk | High | High | High | High | High | High |
| YTD | 81.89% | N/A | 79.2% | -53.93% | 80.24% | 60.57% |
| 1M | 12.14% | N/A | 9.7% | -14.95% | 12.27% | 8.69% |
| 3M | 6.44% | N/A | 4.7% | -11.27% | 6.24% | 5.28% |
| 6M | 81.89% | N/A | 79.2% | -53.93% | 80.24% | 60.57% |
| 1Y | 57.70% | 59.23% | 64.5% | -56.61% | 56.22% | 49.49% |
| 2Y | N/A | -5.73% | -4.5% | N/A | N/A | N/A |
| 3Y | N/A | N/A | N/A | N/A | N/A | N/A |
