Canadian Asset Manager CI Global Launches Metaverse, Blockchain ETFs

Varinder Singh
May 3, 2022 Updated April 16, 2025
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Canada’s CI Global Asset Management on Tuesday said it has introduced new ETFs for investors seeking investment in metaverse and blockchain technologies. The company has launched the CI Galaxy Metaverse ETF (CMVX) and the CI Galaxy Blockchain ETF (CBCX) on the Toronto Stock Exchange.

Moreover, the ETFs will follow the asset indexes created by Alerian S-Network Global Indexes and Galaxy Digital Holdings. The indexes are, the Alerian Galaxy Immersive Digital Worlds Hedged to CAD Dollars Index and the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity Hedged to CAD Dollars Index.

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Canada Gets Metaverse and Blockchain ETFs from CI Global Asset Management

The CI Galaxy Metaverse ETF (CMVX) and the CI Galaxy Blockchain ETF (CBCX) will start trading on the Toronto Stock Exchange today, as reported in a press release on May 3. Furthermore, both ETFs have an expense ratio of 0.50%.

Metaverse and blockchain are the two revolutionary technologies in demand from businesses, investors, celebrities, and others. The interest in metaverse and blockchain continues to increase as investors are pouring millions into these innovative technologies.

Roy Ratnavel, Executive Vice-President and Head of Distribution for CI GAM, said:

“Our ETFs provide investors with low-cost, convenient, and diversified exposure to the growth potential of these rapidly developing, leading-edge sectors.”

The metaverse and blockchain ETFs by CI Global Asset Management will enable investors to invest in leading companies currently in the metaverse and blockchain space.

The metaverse ETF especially targets companies working on augmented reality and virtual reality, gaming and entertainment, and payments.

Likewise, the blockchain ETF especially targets cryptocurrency miners, cryptocurrency buyers, and companies that enable the blockchain ecosystem.

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Canada Leads Crypto ETF Race in North America

While the U.S. regulators continue to maintain a strict stance on crypto and bitcoin ETFs, Canada seems to lead in the innovative sectors. Canada became the first country to allow a Bitcoin ETF by Purpose Investments.

CI Global Asset Management has also launched a Bitcoin ETF in partnership with Galaxy Digital. Moreover, the company has launched CI Galaxy Multi-Crypto ETF, which provides exposure to Bitcoin and Ether.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Varinder has over 10 years of experience and is known as a seasoned leader for his involvement in the fintech sector. With over 5 years dedicated to blockchain, crypto, and Web3 developments, he has experienced two Bitcoin halving events making him key opinion leader in the space. At CoinGape Media, Varinder leads the editorial decisions, spearheading the news team to cover latest updates, markets trends and developments within the crypto industry. The company was recognized as Best Crypto Media Company 2024 for high impact and quality reporting. Being a Master of Technology degree holder, analytics thinker, technology enthusiast, Varinder has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.