Galaxy Digital Launches New BTC Fund in Canada

by in Blockchain News

Canada Bitcoin fund

Bitcoin price is going up achieving new highs. Galaxy Digital also saw massive growth in its Bitcoin fund trading volumes in Q3 2020.

Recently the founder and CEO of the company Mike Novogratz announced that they are extending services in Canada along with CI Global Asset management.

The CI Galaxy Bitcoin fund is a closed-end investment supply aiming to enable capitalists access to the leading cryptocurrency, Bitcoin. The store will be investing in Bitcoin through the Bloomberg Galaxy Crypto Index. CI GAM informed that the initial coin offering will involve Class A and Class F units costing $10 each.

The latest fund will be suggested considering the best experience in every province and territory of Canada.

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While CI GAM will control the new BTC fund, Galaxy Digital will be its subadviser executing all BTC activities in the part of the store.

It's worth mentioning that earlier Galaxy Digital has introduced a number of Bitcoin funds like the Galaxy Bitcoin Fund and the Galaxy Institutional Bitcoin Fund. The firm also runs several funds built upon other assets like EOS. The new Bitcoin fund was introduced shortly after Galaxy Digital reported about trading volumes reaching $1.4B in the third quarter of 2020.