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

The fund will now seek to invest mainly in equity and equity-related securities of companies with exposure to Web3, blockchain and digital asset-enabled internet.

https://www.coindesk.com/business/2023/03/02/investment-firm-ninepoint-proposes-switching-bitcoin-etf-strategy-after-falling-45-in-a-year/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

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Discussion

It is too bad they plan to make this move as compeititon in spot bitcoin ETFs will only drive down management fees. I'm surprised they didnt make a a whole new ETF.