According to TechFlow, on January 6, Canadian alternative investment management company Ninepoint Partners LP announced that it would rename Ninepoint Web3 Innovators Fund to Ninepoint Crypto and AI Leaders ETF. The fund's investment objectives and strategies remain unchanged, and ETF shares continue to be traded on the Toronto Stock Exchange under the codes "TKN" (Canadian dollars) and "TKN.U" (US dollars).
Alex Tapscott, managing director of Ninepoint, said that since May 2023, the fund strategy has focused deeply on encryption and AI, and it is expected that the US government will enhance investment opportunities in these areas. Ninepoint is headquartered in Toronto, manages approximately US$7 billion in assets, and provides diversified alternative strategies.