$180M Bitcoin Trust Completes Canadian IPO, Fully Invested on First Day yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
$180 Million Bitcoin Investment Fund IPOs on Canadian Stock Exchange
Canadian investment management firm Ninepoint has completed an initial public offering (IPO) of its bitcoin fund on the Toronto stock exchange. The company says the offering is the largest IPO of a bitcoin investment fund in Canada to date.
Ninepoint Partners announced Wednesday that its Bitcoin Trust has completed an initial public offering (IPO) of CAD$230 million ($180 million).
“It is the largest initial public offering of a bitcoin investment fund in Canada to date,” said John Wilson, Ninepoint’s co-CEO and managing partner.
The fund’s Class A units are now trading on the Toronto Stock Exchange in both U.S. dollars and Canadian dollars under the symbols BITC.U and BITC.UN respectively.
MVIS CryptoCompare Institutional Bitcoin Index Licensed To Ninepoint Partners LP Date
®) in partnership with CryptoCompare, the global leader in digital asset data, announced the licensing of the MVIS CryptoCompare Institutional Bitcoin Index (MVIBTC) to Ninepoint Partners LP (Ninepoint Partners) for the use in a fund. The fund’s investment objectives are to seek to provide its unitholders with exposure to the digital currency Bitcoin through an institutional-quality, cost-efficient platform, and to provide a secure, simpler and exchange-traded investment alternative for buying and holding Bitcoin.
“We are pleased to license our Institutional Bitcoin Index to Ninepoint, providing their new fund with a transparent and reliable benchmark,” stated Steven A. Schoenfeld, CEO of MV Index Solutions. ”As a pioneer of Digital Asset indices, we are committed to providing fund sponsors and their investors with the tools to measure the dynamic cryptocurrency markets,” he
MV Index Solutions GmbH: MVIS CryptoCompare Institutional Bitcoin Index Licensed to Ninepoint Partners LP
Today, MV Index Solutions GmbH (MVIS
) in partnership with CryptoCompare, the global leader in digital asset data, announced the licensing of the MVIS CryptoCompare Institutional Bitcoin Index (MVIBTC) to Ninepoint Partners LP (Ninepoint Partners) for the use in a fund. The fund s investment objectives are to seek to provide its unitholders with exposure to the digital currency Bitcoin through an institutional-quality, cost-efficient platform, and to provide a secure, simpler and exchange-traded investment alternative for buying and holding Bitcoin. We are pleased to license our Institutional Bitcoin Index to Ninepoint, providing their new fund with a transparent and reliable benchmark, stated Steven A. Schoenfeld, CEO of MV Index Solutions. As a pioneer of Digital Asset indices, we are committed to providing fund sponsors and their investors with the tools to measure the
MV Index Solutions: MVIS CryptoCompare Indices Accrue $1bn AUM as Institutional Investor Demand Soars MV Index Solutions GmbH (MVIS
) and CryptoCompare, a leading provider of digital asset data, announced today that products licensing their co-branded indices have surpassed $1 billion in assets under management.
The milestone represents the huge growth in demand amongst institutional investors for products that provide exposure to digital assets. The demand for index services has been global with products launching in markets across America, Europe and Asia.
In 2020 MVIS launched new indices to support the growing demand for innovative digital asset products, such as:
The MVIS CryptoCompare Institutional Bitcoin Index measures the performance of a digital assets portfolio which invests in Bitcoin, with prices being taken from selected exchanges.