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Bitcoin Fund Units Class A T.QBTC

Technology
The Bitcoin Fund (the Fund) is a Canada-based closed-ended investment fund. The investment objectives of the Fund are to seek to provide unitholders of the Fund with exposure to the digital asset bitcoin (bitcoin) and the daily price movements of the United States dollar price of bitcoin, and the opportunity for long-term capital appreciation. The Fund invests in long-term holdings of bitcoin, purchased from reputable bitcoin trading platforms and OTC counterparties, in order to provide investors with a convenient, safer alternative to a direct investment in bitcoin.


TSX:QBTC - Post by User

Bitcoin Fund Units Class A
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Post by possessed2on Jun 21, 2020 10:27am
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Post# 31174142

3 month low?

3 month low?Why would this close at a 3 month low on Friday when BTC has been steadily rising over those 3 months? Makes no sense. What is management doing here, are they not just buying Bitcoin with the cash on hand? I like this idea, even with the high management fee. Saves the cost of the exchange rate from CAD to US to buy Bitcoin so really not an issue. The price performance is a real worry given the facts, any insight would be appreciated.
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