RE:RE:Fair Value...Shadow1973 wrote: Good observation, Mat. I took a 1/2 position to see how the NAV story plays out. The price spiked to almost $11 at open but then went down closer to $10 before settling. It is an unhedged ETF so there is some currency fluctuations that will affect things, but not much.
Shadow,
I used CAD priced bitcoin, but yes, the swings between USD/CAD will either add or subtract from our experience. They will launch a hedged CAD version just BTCC later, but I generally don't think the extra cost of hedging is worth it. At least at the moment.
I also jumped in this moring, came over from BTCG.UN.