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Bitcoin Trust (BITC-U.TO)

Toronto - Toronto Real Time Price. Currency in USD
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18.28-0.87 (-4.54%)
At close: 3:56PM EDT
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  • A
    Ariana Grande
    When will results be announced?
  • M
    Mike
    Tomorrow is the meeting right? Extra 2% gain if we convert to ETF
  • M
    Mike
    anyone get mail about voting for etf conversion
  • 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
    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!
  • b
    bray
    News out today. Ninepoint will be applying to convert this fund into an ETF. Negative premium should close shortly.
  • 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.
  • 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
  • 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?
  • B
    Blazein
    so uhhh... Hey guys! I have no idea why I invested in this but for some reason it gives me a good feeling! :) Too da moon??
  • a
    agree with it
    During the Great Depression in the United State, the government confiscated all valuable metals. In the upcoming collapse it will be world wide due to the bankruptcy of the governments around the world who are getting ready to install Free Healthcare for All and a Guaranteed Income for all. We are talking Trillions of Dollars being printed and Massive Inflation.

    What guarantees do we have that we will get to keep our Online Currency?
  • A
    Ariana Grande
    Fund is at -8% premium. Load up the truck
  • M
    Mike
    blessed, merging to etf
  • M
    Mike
    is ninepoint planning to release an ETF? They need to get with the times. 3iq and galaxy are already on it.
  • A
    Ariana Grande
    Shoutout to those selling a 0.7% fee trust at an 8% discount for an ETF with 1% fees