Ninepoint Partners Raises $180 Mln's In Its Recent IPO.

Ninepoint Partners Raises $180 Mln's In Its Recent IPO.

2021-01-30 | Eddy Morgan

Ninepoint Partners Raises $180 Mln's In Its Recent IPO.

Renowned Canadian investment company Ninepoint Partners successfully completes its C$230 Mln [US$180 Mln] IPO [Initial Public Offering] of its cryptocurrency fund which is presently 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 & Canadian dollars & is listed on the Toronto stock market beneath the symbols “BITC.U” as well as “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 [BTC] held by the fund is valued supported by the “MVIS CryptoCompare Institutional Bitcoin Index” managed by MV Index Solutions GmbH that might be a completely-owned subsidiary of Van Eck.

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