Ninepoint raises $230M for latest bitcoin fund to list on TSX
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A new bitcoin fund will begin trading on the Toronto Stock Exchange Wednesday after the largest initial public offering of its kind, a sign that the fledgling market for crypto-focused funds is attracting the interest of Canadian investors.
Ninepoint Partners LP announced the completion of its Bitcoin Fund IPO Wednesday after raising $230 million. The fund, one of several which have begun trading on the TSX over the past four months, gives investors the ability to invest in bitcoin but with none of the headaches tied to a direct investment in the cryptocurrency.