The new CI Global ETFs began trading on the Toronto Stock Exchange on May 3.

CI Global Asset Management has launched two new ETFs focused on the digital megatrends of blockchain and metaverse. The CI Galaxy Blockchain ETF and CI Galaxy Metaverse ETF commenced trading on the Toronto Stock Exchange on May 3 under the tickers CBCX and CMVX, respectively. (Businesswire)

The ETFs track underlying indexes created by Alerian S-Network Global Indexes in partnership with Galaxy Digital Holdings Ltd. a provider of financial and investment management services in the cryptocurrency industry.

“Blockchain and the metaverse are two extraordinarily powerful trends that are set to dramatically change our society and how we do business,” said Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM. “Our ETFs provide investors with low-cost, convenient, and diversified exposure to the growth potential of these rapidly developing, leading-edge sectors.”

“With CBCX and CMVX, we continue to build on our capabilities in crypto and thematic ETFs as we seek to provide investors with convenient and inexpensive exposure to the world’s most innovative companies and themes,” added Ratnavel. “We’ve set a fast pace for product development in 2022, having previously launched multi-crypto, digital security, and biotechnology ETFs. Today, CI GAM has one of the industry’s most comprehensive ETF lineups with over 80 passive, smart beta, covered call, and actively managed mandates.”

CI Galaxy Blockchain ETF (CBCX) tracks the performance of the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity Hedged to CAD Dollars Index. The sectors for investment include cryptocurrency miners, cryptocurrency buyers, and companies that enable the blockchain ecosystem.

CI Galaxy Metaverse ETF (CMVX) tracks the performance of the Alerian Galaxy Immersive Digital Worlds Hedged to CAD Dollars Index. The ETF will invest in companies engaged in the interactions, enablement, and connectivity to the metaverse.

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