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Tron – Canadian firm planning to convert its Bitcoin trust to an ETF By Fintech Zoom


Canadian firm planning to convert its Bitcoin trust to an ETF

Less than two months after launching trading for shares of its trust, Canada-based investment manager Ninepoint Partners is planning to change its offering to an exchange-traded fund.

In an announcement on March 3, Ninepoint said it would be holding a vote for unitholders to decide on whether to convert its existing Bitcoin (BTC) trust to an exchange-traded fund, or ETF, on the Toronto Stock Exchange. The firm said the move is intended to provide a better trading price and increased trading liquidity. Investors will be able to vote on the matter on April 19.