Canadian asset manager CI Financial, which oversees more than $230 billion worth of assets, has filed for an ether (ETH) exchange-traded fund (ETF).
CI is seeking approval to list the ETH ETF on the Toronto Stock Exchange (TSX). If approved, the firm would manage the ETF with Mike Novogratz’s Galaxy as subadvisor, meaning Galaxy will execute ETH trading on behalf of the ETF.
The ETF would trade with the ticker symbol ETHX and charge an annual management fee of 1%.
Last week, CI also filed for a bitcoin ETF and is awaiting approval. The firm already operates a bitcoin fund named CI Galaxy Bitcoin Fund, which manages about $162 million worth of assets.
