Ninepoint Partners Completes $180 Mln IPO.

Ninepoint Partners Completes $180 Mln IPO.

2021-02-01 | Mike Hallen

Ninepoint Partners Completes $180 Mln IPO.

Renowned Canadian investment company Ninepoint Partners completed the C$230 Mln [US$180 Mln] IPO [Initial Public Offering] of its crypto assets fund that is now fully invested. Ninepoint Partners bitcoin fund started trading earlier on Wednesday was over 99% invested on its primary day of trading. The bitcoin fund is out there in both United States dollars as well as Canadian dollars and is listed on the Toronto stock market under the ticker “BITC.U” and “BITC.UN.” In line with Ninepoint, the fund will have a rock bottom management fee structure for a listed bitcoin vehicle in Canada. The bitcoin held by the fund is valued supported by the “MVIS CryptoCompare Institutional Bitcoin Index” managed by MV Index Solutions GmbH that may be a completely-owned subsidiary of Van Eck.

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