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Need details on Galaxy ETF TSX:BTCG
- [ ] Name: Coin Citadel OTC
- [ ] Exchange: symbol (NASDA:SQ) or wherever I can find it
- [ ] Link to google finance or wherever I can find it
- [ ] Bitcoin Purchase Basis price: $XXX USD
- [ ] Market Cap: $XXX USD
- [ ] Total BTC: XXX BTC
- [ ] Direct link to latest financial report
Please review existing closed and open issues before creating a new submission, don't submit just an article without any other information.
BTCG is merging into BTCX https://www.businesswire.com/news/home/20210309005349/en/CI-Galaxy-Bitcoin-ETF-Begins-Trading-on-the-TSX-with-World%E2%80%99s-Lowest-Management-Fee-of-any-Bitcoin-ETF
CI's website for BTCX: https://ci.com/en/investment-solutions/bitcoin
Current stats about BTCX: https://www.firstasset.com/solutions/overview/?fund=CI+Galaxy+Bitcoin+ETF+%28US%24+Series%29&utm_medium=referral&utm_source=gam_featurepage&utm_campaign=bitcoinetf
Is the merger done?
No. There will be a meeting on April 26, 2021 to formally approve the merger. It's then estimated to occur around May 7, 2021.
Letter documenting details above dated March 15, 2021: https://www.sedar.com/GetFile.do?lang=EN&docClass=23&issuerNo=00050801&issuerType=03&projectNo=03187285&docId=4910146
All recent regulatory filings for CI Galaxy Fund: https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00050801
The merger was finalized, leaving BTCX as the remaining entity. https://www.sedar.com/GetFile.do?lang=EN&docClass=13&issuerNo=00050801&issuerType=03&projectNo=03221671&docId=4961114
As of June 11, 2021, the ETF appears to hold approximately 3,237 BTC.
Calculation: 16,855,314 units outstanding / 5,205.86 units per BTC = 3,237.76
Source of data: https://www.firstasset.com/solutions/overview/?fund=CI+Galaxy+Bitcoin+ETF+%28US%24+Series%29&utm_medium=referral&utm_source=gam_featurepage&utm_campaign=bitcoinetf
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