The Fund’s investment objectives are to seek to provide Unitholders of the Fund with exposure to digital currency Bitcoin through an institutional-quality platform that is cost-efficient to Unitholders and to provide a secure, simpler and exchange-traded investment alternative for buying and holding Bitcoin.
Click image to enlarge
Q: Where can I learn about Bitcoin?
A: You can find out more on our Digital Assets Group website
Q: Is it true Bitcoin has a large carbon footprint?
A: Over 40% of Bitcoin mining is renewable and Bitcoin is decarbonizing quickly. However, Ninepoint has taken the additional step of offsetting the carbon footprint of the Bitcoin held by the Ninepoint Bitcoin ETF. 100% of that cost comes out of our management fee.
Q: How does Ninepoint's management fee compare to others in the industry?
A: Ninepoint's management fee of 0.70% is one of the lowest in the industry. Low fees mean better returns for you, our investor.
Q: Is the Ninepoint Bitcoin ETF eligible for my RRSP and TFSA?
A: Yes. Ninepoint Bitcoin ETF can be held in any registered account
Q: How does Ninepoint Bitcoin ETF purchase its Bitcoin?
A: Ninepoint Bitcoin ETF works with large, sophisticated and regulated entities such as exchanges and over-the-counter trading firms to purhcase its Bitcoin. The market for Bitcoin is very liquid. For example, Ninepoint Bitcoin ETF was able to purchase US $180 million of Bitcoin in less than a day without having any impact on the market price.
Q: Do I need to download a wallet to buy Bitcoin Trust?
A: No. You simply buy it on the stock exchange, like any other stock or security
Q: Can I buy Bitcoin on the TSX?
A: You can't buy Bitcoin, but you can buy units of the Ninepoint Bitcoin ETF as easily as you would buy any other stock or security
Q: Where is the Bitcoin custodied and is it secure?
A: The Ninepoint Bitcoin ETF custodies its Bitcoin with Gemini, which is a New York licensed trust company. Gemini custodies billions of dollars worth of Bitcoin on behalf of Fortune 500 companies and major asset managers. They also have a $200 million insurance policy in place for added security.
Q: Are you fully invested in Bitcoin at all times?
A: Yes. Ninepoint Bitcoin ETF is always fully invested in Bitcoin. Other funds employ derivatives which can increase tracking error. Ninepoint believes that the Bitcoin ETF, in the long run, gives investors the best exposure to Bitcoin
Q: What Bitcoin price is used to calculate the Net Asset Value of the Bitcoin Trust?
A: The Bitcoin ETF uses the MVIS Bitcoin Index
|Class A $USD||NPP938|
|Class F $USD||NPP929|
Exchange: Toronto Stock Exchange (TSX)
|Fund Type||Digital Assets|
|Inception Date||ETF: January 27, 2021
Series A: January 5, 2022
Series F: January 5, 2022
|Registered Tax Plan Status||RRSP,RRIF,RDSP, DPSP,RESP, TFSA|
|Management Fee||ETF: 0.70%
Series A: 1.70%
Series F: 0.70%
|Exchange||Toronto Stock Exchange (TSX)|
ETF Management Expense Ratio (MER) not to exceed 1.45%. If MER falls below 1.45%, savings are passed to fund investors.
Stock chart by TradingView.
The historical NAV chart does not represent performance of the Fund. It is shown to illustrate the daily movement of the NAV and does not include reinvested distributions. Please note that the Fund's units trade on the TSX where investors will generally buy or sell the Fund's units at Market Price. Investors may pay more or less than the NAV and may also incur brokerage commissions for such transactions.
The indicated rates of return are the historical annual compounded total returns, including changes in unit value and do not take into account sales, redemption or optional charges or income taxes payable by a security holder that would have reduced returns.
The Ninepoint Bitcoin ETF is generally exposed to the following risks. See the simplified prospectus of the Fund for a description of these risks: No Assurance in Achieving Investment Objectives; Loss of Investment; Fluctuations in Value of Bitcoin; Concentration Risk; Risks Related to Passive Investments; Reliance on the Manager and the Sub-Custodian; Trading Price of Units; No Ownership Interest in the Portfolio; Changes in Legislation; Conflicts of Interest; Valuation of Ninepoint Bitcoin ETF; Manager, Custodian and Sub-Custodian Standard of Care; SOC 2 Type 2 Report of the SubCustodian; Potential Conflicts of Interest; Limited Operating History; Not a Trust Company; U.S. Currency Exposure; Cyber Security Risk; Tax Risk; COVID-19 Outbreak; Multi-Class Structure Risk; Cryptocurrency Risk; Short History Risk; Limited History of the Bitcoin Market; Volatility in the Price of Bitcoin; Potential Decrease in Global Demand for Bitcoin; Financial Institutions May Refuse to Support Transactions Involving Bitcoin; Insurance Risk; Residency of the Sub-Custodian; Liability of Unitholders; Underlying Value Risk; Top Bitcoin Holders Control a Significant Percentage of the Outstanding Bitcoin; Regulation of Bitcoin; Loss of “Private Keys”; Ninepoint Bitcoin ETF’s Holdings May Become Illiquid; Improper Transfers; Uncertain Regulatory Framework; Dependence on Bitcoin Developers; Issues with the Cryptography Underlying the Bitcoin Network; Disputes on the Development of the Bitcoin Network may Lead to Delays in the Development of the Network; Significant Increase in Bitcoin Interest Could Affect the Ability of the Bitcoin Network to Accommodate Demand; Bitcoin’s Blockchain may Temporarily or Permanently Fork and/or Split; Dependence on the Internet; Risk if Entity Gains a 51% Share of the Bitcoin Network; Concentration of Transaction Confirmation Processing Power in China; Possible Increase in Transaction Fees; Attacks on the Bitcoin Network; Decrease in Block Reward; Competitors to Bitcoin; Significant Energy Consumption to run the Bitcoin Network; Regulation of Bitcoin Trading Platforms; Limited Operating History of Bitcoin Trading Platforms; Hacking of Bitcoin Trading Platforms May Have a Negative Impact on Perception of the Security of the Bitcoin Network; Different Prices of Bitcoin on the Bitcoin Trading Platforms May Adversely Affect the NAV of the Units; Closure of Bitcoin Trading Platform(s); Liquidity Constraints on Bitcoin Markets may Impact Ninepoint Bitcoin ETF’s Holdings; Risk of Manipulation on Bitcoin Trading Platforms; Settlement of Transactions on the Bitcoin Network.