Canadian firm files final prospectus for Bitcoin ETF

Canadian firm files final prospectus for Bitcoin ETF


After putting the matter to a vote amongst the unitholders of its Bitcoin trust, Toronto-based investment manager Ninepoint Partners has filed its final prospectus for a Bitcoin exchange-traded fund.

According to an announcement from Ninepoint today, the securities regulatory authorities in each of the 10 provinces and 3 territories of Canada have acknowledged receipt for its application to establish a Bitcoin (BTC) exchange-traded fund, or ETF. The firm said in March it would allow its unitholders to vote on whether to convert its existing BTC trust to a Bitcoin ETF on the Toronto Stock Exchange, or TSX.

Ninepoint is aiming for the BTC trust to be converted to a Bitcoin ETF starting next Thursday, May 6, subject to regulatory and stock exchange approvals. Should the application be successful, the Ninepoint Bitcoin ETF would trade on the TSX under the ticker symbols used for its Bitcoin trust: BITC.U for U.S. dollars. However, the firm will shorten the BITC.UN ticker for the trust’s

Trending: Frustrated Black Police Officer Defends Law Enforcement In Emotional Viral Video

Continue reading

You Might Like

Do NOT follow this link or you will be banned from the site!
Thanks for sharing!
Send this to a friend