Investment Firm Ninepoint Proposes Switching Bitcoin ETF Strategy After Falling 45% in a Year

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Canada's Ninepoint is proposing changing its bitcoin ETF fund's strategy to diversify into investing in equities related to Web3 and blockchain technology. by Aoyon_A

. It previously aimed to provide investors exposure to bitcoin, without having to buy the digital asset through a crypto exchange.

The ETF is up about 41% this year but has fallen roughly 45% in the last 12 months and is down 15% since inception, the website said. Another Canadian bitcoin fund, Purpose Bitcoin ETF (

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India's Adani group gets $1.87 bln investment from U.S. boutique firm GQGU.S. boutique investment firm GQG Partners has bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout. Getting back lost sheen ….
Source: Reuters - 🏆 2. / 97 Read more »

Tech Startup MultiversX Starts Web3 'Super App' With Finance, Social FeaturesTech startup MultiversX launches new web3 'super app' that will combine complex elements of digital finance, AI avatars and chat functionality into a compact mobile interface. reports rosieperper MultiversX RosiePerper $eGLD MultiversX xPortalApp MultiversX RosiePerper Time for the world to pay attention MultiversX $EGLD MultiversX RosiePerper
Source: CoinDesk - 🏆 291. / 63 Read more »