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Ninepoint Web3 Innovators ETF CAD T.TKN

The Web3 ETF seeks to provide Unitholders with capital appreciation by investing in a diversified portfolio comprised primarily of equity and equity-related securities of companies that give investors exposure to emerging technologies such as Web3, the blockchain and digital asset-enabled internet.


TSX:TKN - Post by User

Ninepoint Web3 Innovators ETF CAD > Current price discounted 8% on bitcoin price
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Post by Lawyerupon Jan 29, 2021 2:04pm
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Post# 32421825

Current price discounted 8% on bitcoin price

Current price discounted 8% on bitcoin priceThis is based on the news release.  Since Jan 27th to today's price of $35,103 US there is a 13.6% increase in bitcoin.  IPO was $12.65 so a 13.6% increase we should be trading at $14.38 Canadian if there were 0 premium.  So BITC.UN is showing a discount of roughly 8% which in my books is cheap.  I doubt we will see this discount for long.  Just my two cents.  Cheers Charlie

Ninepoint Partners LP (“ Ninepoint ”) announced today that Bitcoin Trust (the “ Fund ”) was over 99% invested on its first day of trading, January 27, 2021, at an average cost per unit of Bitcoin of US$30,888.84. The Fund’s Class A Units trade in both US dollars and Canadian dollars on the Toronto Stock Exchange under the symbols “BITC.U” and “BITC.UN”, respectively.
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