Ninepoint Partners Raises $180 Mln's In Its Recent IPO.
2021-01-30 | Eddy Morgan
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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