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Canada's Ninepoint Proposes To Convert Its Bitcoin Trust To Bitcoin ETF

Mary Liu

Summary: Ninepoint, a Canadian alternative investment management company, proposes to convert its Bitcoin trust fund into a Bitcoin ETF, according to a press posted on Wednesday. The company will hold a meeting around April 19 to discuss and vote on the plan. If the vote is passed, the fund will be "Ninepoint Bitcoin ETF" on the effective ...

Ninepoint, a Canadian alternative investment management company, proposes to convert its Bitcoin trust fund into a Bitcoin ETF, according to a press posted on Wednesday.

The company will hold a meeting around April 19 to discuss and vote on the plan. If the vote is passed, the fund will be "Ninepoint Bitcoin ETF" on the effective date of the conversion. 

After the conversion is completed, the Ninepoint Bitcoin ETF will continue to trade in US dollars and Canadian dollars on Toronto Stock Exchange (TSX), provided that the requirements of TSX are met, under the symbols "BITC.U" and "BITC" respectively.

By Mary Liu

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