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January 7, 2022

Why now may be the right time to consider investing in Ether

Investing in Ether just got easier

 

The Ethereum blockchain is considered by many to be the next step in the evolution of the internet. And as usage of what is already the most actively used blockchain in the world increases, demand for Ether, Ethereum’s native coin, should continue to grow.

 

Why now?

 

Consider that Ether has become the second-largest cryptocurrency (after bitcoin) on the strength of the Ethereum platform. Developers like Ethereum for its broad set of development tools, smart contracts and large community of experienced programmers. And Ether is the native coin of this blockchain.

 

Another sign of Ethereum’s staying power is the formation of the Ethereum Enterprise Alliance, which includes many of the biggest names in banking, technology and energy, and is dedicated to developing use cases for Ethereum.

 

Additionally, we’re currently seeing in real-time just how useful Ethereum technology can be through the rise of decentralized finance (DeFi) – which is a global, open alternative to traditional financial services, including savings, loans, trading and more.

 

How do Ethereum and DeFi benefit each other?

  • Ethereum now hosts six DeFi applications valued at more than $1 billion.
  • DeFi runs on smart contract technology, and Ethereum’s general programmability allows for this sophisticated functionality and enables developers to build financial services decentralized apps.
  • DeFi has experienced exponential growth in 2020 that we anticipate will continue in 2021.
  • The Ethereum blockchain processes about 1.1 million transactions per day (and could grow to more than 66 million per day as Ethereum 2.0 is completed by the end of 2023).
  • Decentralized finance is already generating hundreds of millions in annual revenue.

Performance of Ethereum 

 

As of January 4, 2022, Ether had a market capitalization of $455 billion. Since the beginning of 2021, the value has increased over 417%.

 

As of January 4, 2022. Source: Bloomberg Finance L.P., showing daily values of XET/USD.

 

Investing in Ether

 

Ether should be considered a growth investment focused on the future of the internet. Think of it like investing in a basket of early stage, high-growth tech stocks and consider allocating accordingly. Of course, investing in Ether is easier said than done, as it can be complicated and expensive for individuals to access.

 

CI Galaxy Ethereum ETF (ETHX) and CI Ethereum Fund make it easy for all investors to access Ether. The ETF and mutual fund are:
 

Direct

Simple

Secure

Cost-effective

Smart

The funds only invest in Ether1

You get exposure to Ether without the hassle of keys, digital wallets, cold storage, or the need to convert to cash

The funds’ Ether is stored safely in “cold” storage that is completely offline

This exciting crypto offering has no investment minimums

Investors get the expertise of cryptocurrency leaders Galaxy Fund Management and CI Global Asset Management

1The CI Galaxy Ethereum ETF invests in Ether and CI Ethereum Fund provides exposure to Ether by buying units of CI Galaxy Ethereum ETF.

 

ETHX and CI Ethereum Fund are the world’s first Ether offering with the world’s lowest management fee. 

 

Also review our additional information to understand Ethereum, where we discussed the ABCs of Ether and the Ethereum blockchain.

About the Author

Galaxy Digital

Galaxy Digital Capital Management LP is a diversified investment management company with a team of long-tenured institutional experienced professionals managing third-party capital across traditional and alternative asset classes, with strong relationships and connectivity in the digital asset, cryptocurrency and blockchain technology sector.

IMPORTANT DISCLAIMERS

 

CI Ethereum Fund and CI Galaxy Ethereum ETF (the “CI Cryptocurrency Funds”) are mutual funds and exchange-traded funds that invest in the digital cryptocurrencies. Given the speculative nature of cryptocurrency and the volatility of the cryptocurrency markets, there is no assurance that the CI Cryptocurrency Funds will be able to meet their investment objectives. An investment in the CI Cryptocurrency Funds is not intended as a complete investment program and is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. An investment in the CI Cryptocurrency Funds is considered high risk.

 

Commissions, trailing commissions, management fees and expenses all may be associated with an investment in mutual funds and exchange-traded funds (ETFs). Please read the prospectus before investing. Important information about mutual funds and ETFs is contained in their respective prospectus. Mutual funds and ETFs are not guaranteed; their values change frequently, and past performance may not be repeated. You will usually pay brokerage fees to your dealer if you purchase or sell units of an ETF on recognized Canadian exchanges. If the units are purchased or sold on these Canadian exchanges, investors may pay more than the current net asset value when buying units of the ETF and may receive less than the current net asset value when selling them.

 

This document is provided as a general source of information and should not be considered personal, legal, accounting, tax, or investment advice, or construed as an endorsement or recommendation of any entity or security discussed. Every effort has been made to ensure that the material contained in this document is accurate at the time of publication. Market conditions may change which may impact the information contained in this document. All charts and illustrations in this document are for illustrative purposes only. They are not intended to predict or project investment results. Individuals should seek the advice of professionals, as appropriate, regarding any particular investment. Investors should consult their professional advisors prior to implementing any changes to their investment strategies.

 

Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI Global Asset Management has taken reasonable steps to ensure their accuracy. Market conditions may change which may impact the information contained in this document.

 

CI Cryptocurrency Funds are alternative mutual funds and have the ability to invest in asset classes and use investment strategies that are not permitted for conventional mutual funds. Galaxy Digital Capital Management LP is the subadvisor for the CI Cryptocurrency Funds. CI Investments Inc. is the manager, trustee, and promoter of CI Cryptocurrency Funds.

 

CI Global Asset Management is a registered business name of CI Investments Inc.

 

©CI Investments Inc. 2021.  All rights reserved. 

 

Published January 7, 2022