DIGITAL ASSETS

THIS WEBSITE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY THE UNITS IN ANY JURISDICTION, INCLUDING IN ANY U.S. STATE TO ANY PERSON TO WHOM IT IS UNLAWFUL TO MAKE SUCH OFFER OR SOLICITATION IN SUCH JURISDICTION. THIS WEBSITE IS NOT, AND UNDER NO CIRCUMSTANCES IS IT TO BE CONSTRUED AS, AN ADVERTISEMENT, AND THE OFFERING CONTEMPLATED IN THIS WEBSITE IS NOT, AND UNDER NO CIRCUMSTANCES IS IT TO BE CONSTRUED AS, A PUBLIC OFFERING OF THE UNITS.

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY CREATING THE SECURITIES AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THE UNITS OFFERED HEREBY HAVE NOT BEEN APPROVED, DISAPPROVED, ENDORSED OR RECOMMENDED BY THE U.S. SECURITIES AND EXCHANGE COMMISSION (THE “SEC”) OR BY THE SECURITIES REGULATORY AUTHORITY OF ANY U.S. STATE, AND NEITHER THE SEC NOR ANY U.S. STATE AUTHORITY HAS REVIEWED THIS WEBSITE NOR PASSED UPON THE ACCURACY OR ADEQUACY OF THIS WEBSITE, NOR IS IT INTENDED THAT THE SEC OR ANY U.S. STATE AUTHORITY WILL DO SO. NO INDEPENDENT PERSON HAS CONFIRMED THE ACCURACY OR TRUTHFULNESS OF THIS DISCLOSURE, NOR WHETHER IT IS COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS UNLAWFUL.

THE UNITS HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”) OR ANY U.S. STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS (AS DEFINED IN RULE 902(k) OF REGULATION S OF THE SECURITIES ACT) UNLESS THE UNITS ARE REGISTERED UNDER THE SECURITIES ACT, OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IS AVAILABLE. IT IS ANTICIPATED THAT THE OFFERING AND SALE OF THE UNITS IN THE UNITED STATES WILL BE EXEMPT FROM REGISTRATION PURSUANT TO SECTION 4(a)(2) OF THE SECURITIES ACT AND OTHER EXEMPTIONS OF SIMILAR IMPORT UNDER THE LAWS OF THE STATES AND WHERE THE OFFERING WILL BE MADE. CI GALAXY BITCOIN ETF, CI GALAXY ETHEREUM ETF, CI GALAXY MULTI-CRYPTO ETF AND CI GALAXY SOLANA ETF (COLLECTIVELY, THE “CI GALAXY ETFs”) WILL NOT BE REGISTERED AS AN INVESTMENT COMPANY UNDER THE U.S. INVESTMENT COMPANY ACT OF 1940, AS AMENDED (THE “INVESTMENT COMPANY ACT”).

THERE IS NO PUBLIC MARKET FOR THE UNITS IN THE U.S., AND NO SUCH MARKET IS EXPECTED TO DEVELOP. ALTHOUGH THE OFFERING IS RELYING ON SECTION 4(a)(2) OF THE SECURITIES ACT, FOR OTHER PURPOSES EACH PURCHASER WILL BE REQUIRED TO REPRESENT, AMONG OTHER THINGS, THAT IT IS AN “ACCREDITED INVESTOR” WITHIN THE MEANING OF REGULATION D OF THE SECURITIES ACT, AND THAT IT IS ACQUIRING THE UNITS PURCHASED BY IT FOR INVESTMENT AND NOT WITH A VIEW FOR RESALE OR DISTRIBUTION. THE UNITS ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND UNLESS THE UNITS ARE REGISTERED UNDER THE SECURITIES ACT OR EXEMPTED FROM SUCH REGISTRATION AND REGISTRATION UNDER ANY OTHER APPLICABLE SECURITIES LAW REQUIREMENTS.

THIS WEBSITE IS FOR THE CONFIDENTIAL USE OF ONLY THOSE PERSONS TO WHOM IT IS TRANSMITTED IN CONNECTION WITH THIS OFFERING. BY ACCEPTANCE HEREOF, EACH RECIPIENT AGREES NOT TO TRANSMIT, REPRODUCE OR MAKE AVAILABLE TO ANYONE, IN WHOLE OR IN PART, THIS WEBSITE, ANY SUPPLEMENT HERETO OR ANY INFORMATION CONTAINED HEREIN OR THEREIN WITHOUT THE PRIOR WRITTEN CONSENT OF CI GLOBAL ASSET MANAGEMENT, OR TO USE IT FOR ANY PURPOSE OTHER THAN EVALUATING A POSSIBLE INVESTMENT IN THE CI GALAXY ETFs.

PROSPECTIVE INVESTORS ARE CAUTIONED NOT TO RELY ON THE TARGETED RETURNS, IF ANY, SET FORTH HEREIN IN MAKING A DECISION WHETHER OR NOT TO PURCHASE THE UNITS OFFERED HEREBY.

PROSPECTIVE INVESTORS SHOULD NOT CONSTRUE THE CONTENTS OF THE WEBSITE AS LEGAL, TAX, REGULATORY, FINANCIAL, ACCOUNTING OR OTHER ADVICE. EACH PROSPECTIVE INVESTOR SHOULD MAKE ITS OWN INVESTIGATION AND CONSULT ITS OWN ADVISORS AS TO THE LEGAL, TAX, REGULATORY, FINANCIAL, ACCOUNTING AND RELATED MATTERS CONCERNING THE CI GALAXY ETFs, THE OFFERING AND AN INVESTMENT IN THE CI GALAXY ETFs. NONE OF THE CI GALAXY ETFs, CI GLOBAL ASSET MANAGEMENT, ANY OF THEIR AFFILIATES OR ANY PLACEMENT AGENT IS MAKING ANY REPRESENTATION OR WARRANTY TO AN INVESTOR REGARDING THE LEGALITY OF AN INVESTMENT IN THE CI GALAXY ETFs BY SUCH INVESTOR OR ABOUT THE INCOME AND OTHER TAX CONSEQUENCES TO IT OF SUCH AN INVESTMENT.

AN INVESTMENT IN THE CI GALAXY ETFs MAY BE SUBJECT TO INCREASING REGULATIONS AND GOVERNMENTAL OVERSIGHT, INCLUDING, FOR EXAMPLE, THE U.S. BANK SECRECY ACT AND THE USA PATRIOT ACT OF 2001, INCLUDING THEIR RESPECTIVE IMPLEMENTING REGULATIONS WHICH, AMONG OTHER THINGS, CONSTITUTE THE ANTI-MONEY LAUNDERING REGULATIONS. SUCH RULES MAY REQUIRE VARIOUS INVESTOR DISCLOSURES TO, AMONG OTHERS, U.S. DOMESTIC GOVERNMENT AUTHORITIES.

THE CI GALAXY ETFs EXPECT TO BE EXEMPT FROM SEC REGULATION AS AN INVESTMENT COMPANY UNDER THE INVESTMENT COMPANY ACT UNDER A CURRENTLY AVAILABLE EXCEPTION TO SUCH REGULATIONS. ACCORDINGLY, CERTAIN PROTECTIONS AFFORDED TO INVESTORS IN U.S. REGISTERED INVESTMENT COMPANIES (OR U.S. MUTUAL FUNDS) WILL NOT BE AFFORDED TO INVESTORS IN THE CI GALAXY ETFs.

IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE CI GALAXY ETFs AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THE UNITS HAVE NOT BEEN RECOMMENDED BY ANY U.S. FEDERAL OR STATE SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING U.S. AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

CI Bitcoin Fund, CI Ethereum Fund, CI Galaxy Bitcoin ETF, CI Galaxy Ethereum ETF, CI Galaxy Multi-Crypto ETF and CI Galaxy Solana 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, management fees and expenses all may be associated with an investment in exchange-traded funds (ETFs). 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. Please read the prospectus before investing. Important information about an exchange-traded fund is contained in its prospectus. ETFs are not guaranteed; their values change frequently, and past performance may not be repeated.

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.

Ernst & Young LLP is the auditor of the Canadian Reporting Issuer investment funds managed by CI Global Asset Management or its affiliates (the “Funds”). Ernst & Young LLP is independent with respect to the Funds in the context of the CPA Code of Professional Conduct of the Chartered Professional Accountants of Ontario. For the year ended March 31, 2024, fees paid or payable to Ernst & Young LLP and its network firms for audit services to the Funds were $2.2 million. Fees for other services were $0.4 million.