NinepointPartners plans to convert its Bitcoin trusts to Bitcoin ETFs.

According to the Cointelegraph, less than two months after the start of the bitcoin venture capital investment trusts, the Canadian chairman of investments, Ninepoint Partners, plans to convert the commodities into exchange-traded funds (ETFs). Ninepoint said in a statement on March 3 that it would vote to allow Bitcoin holders to decide to convert their existing Bitcoin beliefs into foreign currencies (ETFs) on the Toronto Stock Exchange. The company said the move is aimed at providing better operating costs and increasing the company's capital. Businesses will be able to vote on this issue on April 19.