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Free Bitcoin 2020 Earn Free Bitcoin Daily in Internet 2020 Learn different ways to earn Bitcoins by completing simple tasks, Captcha’s and sell your Bitcoins for real money. Free Bitcoin 2020 What is Bitcoin? Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. Bitcoins in its pure essence is money. It is digital curren

$180 Million Bitcoin Investment Fund IPOs on Canadian Stock Exchange

$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.
  • The fund seeks to provide investors with exposure to bitcoin “through an institutional-quality platform that is cost-efficient” to them and “to provide a secure, simpler and exchange-traded investment alternative for buying and holding bitcoin.” The fund invests in BTC directly.

  • The fund’s bitcoin will be valued based on the MVIS Cryptocompare Institutional Bitcoin Index, which is maintained by MV Index Solutions GmbH (MVIS) or a successor or alternative institutional-quality index. Ninepoint will act as the fund’s trustee and manager
  • MVIS is a wholly-owned subsidiary of Van Eck Associates Corp., which recently filed applications to list and trade bitcoin exchange-traded funds with the U.S. Securities and Exchange Commission (SEC).

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