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 Canadian Investment Outfit Launches IPO, Becomes Sold Out in 24 Hours Realizing C$230 Million

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An investment outfit in Canada dubbed Ninepoint Partners recently finalized an Initial Public Offering [IPO] of its crypto fund valued at 230 Million Canadian dollars which is now quoted on the Toronto Stock Exchange for investors to opt for. It appears that the BTC fund can be accessed via Canadian dollars and the U.S. dollars. The IPO is now fully sold out.

The shares on the Investment Outfit’s fund commenced trading on Wednesday, the 27th of December,2021 and a whopping 99% was fully sold out at its unveiling.

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Potential investors may cop the fund on the Toronto Stock Exchange via the symbol, “BITC.U” and “BITC.UN.” as it is available in Canadian dollars and USD.

The company notes that this fund is set to use the lowest management fee especially for a Canada situate BTC vehicle that is quoted on the Toronto Stock Exchange.

Van Eck’s subsidiary company known as MV Index Solutions GmbH is the owner of the “MVIS CryptoCompare Institutional Bitcoin Index”, which is the index used to value Ninepoint’s crypto fund.

What do you think of this move? Let us know your views in the comment section   below.

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