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Bitcoin Fund Units Class A T.QBTC

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

Post by Cashruleson Jul 21, 2020 4:30pm
219 Views
Post# 31298470

How does the fund go down when is bitcoin up?

How does the fund go down when is bitcoin up?Maybe this has been answered and apologies for repeating if this question has been asked a million times before. I hold the fund and see a spark in bitcoin today up 2% lets say from yesterday but my fund performance is -2%? I was told when speaking to the company that buying this fund was like buying bitcoin because I was thinking of just buying my self and storing when this fund came out I was interested and bought it instead for simplicity. but if the fund holds bitcoin and bitcoin goes up the fund should go up no? I am worried if bitcoin goes up 10x and I am sitting with my original funds or minus according to the performance difference today. would love some clarity if anyone has some.
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