- Ninepoint Partners has filed the final prospectus for its Ninepoint Bitcoin ETF
- The company has received a receipt for its final prospectus from securities regulatory authorities in each province and territory of Canada
- The ETF will trade on the TSX in U.S. dollars under the symbol BITC.U and in Canadian dollars under the symbol BITC
- It will be benchmarked against the MVIS CryptoCompare Bitcoin Benchmark Rate Index
- Bitcoin Trust’s conversion to Ninepoint Bitcoin ETF is expected to occur on or about May 6, 2021
- Ninepoint is one of Canada’s leading alternative investment management firms with C$8 billion in assets under management
- Bitcoin Trust (BITC.UN) is down by 3.2 per cent and is currently trading at $19.68 per share
Ninepoint Partners has filed the final prospectus for its Ninepoint Bitcoin ETF.
The company has received a receipt for its final prospectus from the securities regulatory authorities in each province and territory of Canada.
The ETF will trade on the TSX in U.S. dollars under the symbol BITC.U and in Canadian dollars under the symbol BITC.
The manager benchmarked the ETF against the MVIS CryptoCompare Bitcoin Benchmark Rate Index.
The index uses the top 5 rated Bitcoin trading platforms as reviewed and rated by MVIS’ CryptoCompare Benchmark Rating.
The index is regarded as one of the primary indexes against which to track the U.S. dollar price of Bitcoin.
Unitholders of Bitcoin Trust approved the conversion of the trust from a closed-end investment fund into the ETF on April 19, 2021.
The conversion is expected to occur on or about May 6, 2021.
Bitcoin Trust will continue to trade on the TSX under the symbols BITC.U and BITC.UN until the effective date.
Ninepoint is one of Canada’s leading alternative investment management firms with C$8 billion in assets under management and institutional contracts.
Bitcoin Trust (BITC.UN) is down by 3.2 per cent and is currently trading at $19.68 per share as of 12:06 pm ET.
