RE:RE:World’s first bitcoin ETF for retail investors approved... duh... the premium was 30% in early January Becuase as people have pointed out, closed ended funds were the only game in town. Now it's they aren't. The NAV premium is zero in anticipation of ETF's and more competition. Expect there to be effectively zero premium or discount moving forward outside of intraday and minor closing fluctuations. If there ever became a large premium again, going forward people would arbitrage and sell to another etf or find. Conversely, a discount would see funds flow in or those arbitraging to buy this at a discount and redeeming their fund units at NAV.