Bitcoin
$64,114.67+0.82%
Ethereum
$3,085.83+0.48%
Binance Coin
$560.14+1.55%
Solana
$143.58+2.10%
XRP
$0.50453563+0.49%
Dogecoin
$0.15291126+0.69%
Toncoin
$6.13-6.26%
Cardano
$0.47080938+3.06%
Shiba Inu
$0.00002280-0.19%
Avalanche
$35.09+0.04%
Wrapped Bitcoin
$64,242.56+0.87%
Tron
$0.11046050+0.98%
PlayIconNav
Crypto Prices CoinDesk 20 Index CoinDesk 20 Index
Consensus 2024Price Increase Extension Ends In
00
DAYS
22
HR
47
MIN
55
SEC
Markets

$180M Bitcoin Trust Completes Canadian IPO, Fully Invested on First Day

The bitcoin fund is available in both U.S. dollars and Canadian dollars and is listed on the Toronto Stock Exchange.

By Tanzeel Akhtar
AccessTimeIconJan 29, 2021 at 10:45 p.m. UTC
Updated Sep 14, 2021 at 11:03 a.m. UTC
Canada
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Canadian investment firm Ninepoint Partners completed the C$230 million (US$180 million) initial public offering of its cryptocurrency fund which is now fully invested.

  • Ninepoint Partners' bitcoin fund, which started trading on Wednesday, was over 99% invested on its first day of trading.
  • The bitcoin fund is available in both U.S. dollars and Canadian dollars and is listed on the Toronto Stock Exchange under the symbols “BITC.U” and “BITC.UN.”
  • According to Ninepoint, the fund will have the lowest management fee structure for a listed bitcoin vehicle in Canada.
  • The bitcoin held by the fund is valued based on the “MVIS CryptoCompare Institutional Bitcoin Index” managed by MV Index Solutions GmbH which is a wholly-owned subsidiary of Van Eck.

Read more: Former Canadian Prime Minister Lists Bitcoin as Possible Future Reserve Currency

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.