Ninepoint to Fully Offset Carbon Footprint of Ninepoint Bitcoin ETF

CarbonX, along with The Crypto Carbon Ratings Institute, a leading authority on providing scientific estimates for the energy consumption and environmental impact of cryptocurrencies, will provide the carbon footprint analysis and carbon offsetting solutions for the Fund using carbon offsets from projects that meet the highest global standards.

Ninepoint is showing the world one way to do that,” said Alex Tapscott, Managing Director of Digital Assets at Ninepoint.

Prior to its unitholder-approved conversion to an exchange-traded-fund, Ninepoint Bitcoin ETF was a closed-end investment fund with over US$300 million in assets.

Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies including North American Equity, Global Equity, Real Assets & Alternative Income.

Each of the tech stocks took a hit today as a result of the news, with Qualcomm down 6.3%, Micron tumbling 5.6%, and Skyworks sliding 4.8% as of 3:39 p.m.

Workhorse Group reported first-quarter revenue this morning that was much lower than Wall Street had expected, as its production of electric delivery vans got off to a slower start than planned.

Electric vehicle stocks were all the rage in 2020, but that enthusiasm has been tempered of late by worries about the onslaught of competition coming from both traditional automakers and start-ups, as well as the complexity of bringing a mass-market vehicle to market.

Shares of Teladoc Health were a bit sickly on Monday after one of the more prominent analysts tracking the stock knocked his target price down.

The Chinese government has developed new regulatory standards for electric vehicle battery swap stations, and NIO — which operates one of the country’s largest battery swap networks — helped to write the new regulations.

Shares of Village Farms International , a company that uses hydroponics to grow produce and marijuana, fell a dramatic 20.5% on Monday.

The Nasdaq 100 fell 2.6%Japan’s Topix index dropped 2.4%Australia’s S&P/ASX 200 Index fell 1.1%South Korea’s Kospi index lost 1.6%Hong Kong’s Hang Seng Index dropped 2.1%China’s Shanghai Composite Index fell 0.2%Euro Stoxx 50 futures fell 1.4%CurrenciesThe yen was at 108.82 per dollarThe offshore yuan was at 6.4233 per dollarThe Bloomberg Dollar Spot Index was little changedThe euro traded at $1.2143BondsThe yield on 10-year Treasuries dipped about one basis point to 1.59%Australia’s 10-year bond yield was at 1.72%CommoditiesWest Texas Intermediate crude was at $64.35 a barrel, declining 0.9%Gold was little changed at $1,835.89 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

FSV strategy outperformed the S&P 500 Index by just over 3 percentage points in the first quarter of 2021and lagged the Russell 1000 Value ETF benchmark by around 2%.

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