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Ninepoint Bitcoin ETF (BITC-U.TO)

Toronto - Toronto Real Time Price. Currency in USD
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16.75-0.74 (-4.23%)
At close: 3:55PM EDT
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  • M
    Mike
    etf conversion tomorrow?
  • A
    Ariana Grande
    Congrats
  • M
    Mike
    etf conversion confirmed
  • A
    Ariana Grande
    When will results be announced?
  • M
    Mike
    anyone get mail about voting for etf conversion
  • M
    Mike
    Tomorrow is the meeting right? Extra 2% gain if we convert to ETF
  • P
    Paulo
    happy days!
  • M
    Moxie
    here is the bitcoin trust conversion to an etf document
    https://www.ninepoint.com/media/618651/bitc_circular.pdf
  • M
    Moxie
    Hi, what's the benefits of converting this to an ETF vs leaving as is? Did they say what the MER is going to be?
  • M
    Mike
    Reminder, everyone please vote for conversion to ETF
  • H
    Henry
    I had a look at one of the linked docs below for info on when the conversion is supposed to happen but I can't see a date. For some reason I figured it would be done mid-May. Can someone confirm?
  • M
    Mike
    Accumulating during this dip
  • H
    Henry
    Jumped out of QBTC and into here today. Hoping the conversion to ETF goes smooth and the discount will get wiped out.
  • P
    Paulo
    The merger is best for everyone IMO. Did anybody vote against the merger?
  • M
    Mike
    btc looking to hit all time high soon!
  • A
    Ariana Grande
    How is this still trading at a discount when it’s almost guaranteed to turn into an ETF next month? Not complaining, I like free money. Just shocked
  • b
    bray
    We are still trading at a good discount to NAV. One of the only ways to buy spot priced Bitcoin at a discount. If this changes to an ETF in a few months that discount should immediately be erased.
  • b
    bray
    News out today. Ninepoint will be applying to convert this fund into an ETF. Negative premium should close shortly.
  • H
    Henry
    Discount shrunk to under 2% this morning all of a sudden. Is it going to happen gradually where it goes to zero?
  • B
    Bobbafet
    Am I missing something here? Says they have 3291 BTC but totally NAV is 352,000,000 USD?