Mr. Steve Kurz of Galaxy reports

CI GLOBAL ASSET MANAGEMENT SIMPLIFIES ACCESS TO DIGITAL ASSETS WITH EXPANDED LINEUP

CI Global Asset Management today made a series of enhancements to its lineup of digital asset investment funds, reinforcing its status as a leader in this rapidly growing market segment.

The enhancements include:

• The launch of CI Galaxy Core Multi-Crypto ETF (CCCX), which has now closed its initial offering of units and is trading on the Toronto Stock Exchange (TSX) under the tickers CCCX (ETF Canadian-dollar hedged series), CCCX.B (ETF Canadian-dollar unhedged series) and CCCX.U (ETF U.S.-dollar series). CCCX invests in several of the world's largest cryptocurrencies -- bitcoin, ether (ETH) and solana (SOL). Like CI GAM's other digital asset funds, CCCX is managed by CI GAM and subadvised by Galaxy Asset Management.
• The launch of CI Solana Fund, which provides exposure to SOL through the mutual fund structure by investing in units of CI Galaxy Solana ETF (SOLX.U).
• The introduction of Canadian-dollar hedged series on all existing ETFs and mutual funds in the CI digital asset lineup.
• The implementation of a staking strategy for CI Galaxy Ethereum ETF (ETHX) on or about Aug. 27, 2025. CI GAM believes that staking a portion of the ETH held within ETHX's portfolio will benefit unitholders by enhancing its total return.

"With these changes, CI GAM is making it even easier to access the benefits of digital assets," said Jennifer Sinopoli, executive vice-president and head of distribution, for CI GAM. "Our lineup allows investors to target prominent digital currencies through the convenience of a mutual fund or ETF structure with multiple purchase options. Additionally, we now provide two multicrypto ETFs that invest in a basket of blue chip cryptocurrencies, providing one-ticket, diversified exposure to the digital assets space."

Benefits of investing in digital assets include:

• Diversification due to low correlation with other asset classes;
• Long-term growth potential driven by increasing adoption and network effects;
• Exposure to the innovations of blockchain technology and the growing number of applications.

"CI GAM's funds greatly simplify the process of incorporating digital assets into investors' investment plans and portfolios," said Ms. Sinopoli. "Our solutions are also differentiated by the security of our institutional-grade platform and the expertise of subadviser Galaxy, one of the world's largest managers of digital assets and blockchain exposures."

"CI GAM continues to be a leader in the Canadian market in delivering innovative, accessible digital asset solutions and we are excited to deepen our partnership with them," said Steve Kurz, global head of asset management at Galaxy. "By expanding the product suite, we're providing convenient, diversified tools to help investors access institutional-standard products designed for long-term growth."

CI Galaxy Core Multi-Crypto ETF

The investment objective of CCCX is to provide unitholders with exposure to certain digital assets as selected by CI GAM, with the weighting based on a modified market capitalization model. Currently, CCCX invests in units of CI Galaxy Bitcoin ETF (BTCX.U), CI Galaxy Ethereum ETF (ETHX.U) and CI Galaxy Solana ETF (SOLX.U). Holdings are rebalanced quarterly.

CCCX is designed to provide passive, fully invested exposure to digital assets through the convenience of a single ETF investment. In contrast, CI Galaxy Multi-Crypto Navigator ETF (CMCX) uses a proprietary rules-based momentum-signalling strategy to dynamically allocate its holdings across bitcoin, ETH and SOL -- as well as cash. The goal of this strategy is to deliver a smoother experience and better risk-adjusted returns for investors.

CI Solana Fund

The investment objective of CI Solana Fund is to provide unitholders exposure to SOL through an institutional-quality fund platform. CI Solana Fund is now available in Series A, F, I and P, as well as Canadian-dollar hedged Series AH, FH, IH and PH. The introduction of CI Solana Fund expands the selection of digital asset investment options for mutual fund investors. SOL is the cryptocurrency that powers the solana blockchain network, which is known for its speed, efficiency and ease of use. It supports a wide and growing variety of applications such as payments processing, lending, non-fungible tokens, smart contracts, Web3 platforms, decentralized finance models and decentralized physical infrastructure projects.

Canadian-dollar hedged series

Hedging the U.S.-dollar exposure of an investment fund's holdings back to the Canadian dollar is designed to reduce currency risk for unitholders of the hedged series.

Canadian dollar hedged Series AH, FH, IH and PH are now available for CI Bitcoin Fund and CI Ethereum Fund, in addition to the existing Series A, F, I and P. ETF Canadian-dollar hedged series are now available for these ETFs under the following TSX tickers: CI Galaxy Bitcoin ETF (BTCX); CI Galaxy Ethereum ETF (ETHX); CI Galaxy Multi-Crypto Navigator ETF (CMCX); and CI Galaxy Solana ETF (SOLX).

ETHX staking

On June 11, 2025, CI GAM announced a proposal to introduce a staking strategy to ETHX and that it would be seeking unitholder approval for CI GAM to receive a portion of the net staking rewards in consideration for implementing and administering staking. ETHX unitholders approved the staking service fee proposal at a special meeting held on Aug. 20, 2025, and, as a result, CI GAM will begin the staking arrangements on or about Aug. 27, 2025. CI GAM intends to take a conservative approach by initially allocating up to 50 per cent of the ETH holdings to staking. No less than 75% of the rewards generated for the ETF by the staking arrangements (net of fees payable to the validator) will accrue to the ETF and up to 25 per cent will accrue to CI GAM as the staking service fee.

The ethereum network operates on a proof-of-stake system, in which validators verify transactions and ensure the smooth operation of the network in exchange for the opportunity to receive rewards of additional ETH. Validators must lock up or stake ETH to participate in this process.

ETF name changes

The names of the following ETFs were changed effective immediately, as shown below. The TSX tickers have not changed.

About Galaxy Asset Management

Galaxy Asset Management, an affiliate of Galaxy Digital Inc., is dedicated to providing institutional-standard access to the digital assets ecosystem. As of June 30, 2025, Galaxy has nearly $9-billion (U.S.) in assets on platform, including ETF, venture capital and alternative strategies, as well as staking, all leveraging the broader capabilities of Galaxy Digital, a global leader in digital assets and data centre infrastructure. Headquartered in New York and operating globally across North America, Europe and Asia, Galaxy combines proven expertise with innovative solutions.