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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

Comment by Mat1791on Feb 16, 2021 6:42am
166 Views
Post# 32571097

RE:RE:RE:World’s first bitcoin ETF for retail investors approved

RE:RE:RE:World’s first bitcoin ETF for retail investors approvedMoogul I aggree with you 100%.

The premium and discounts in the closed end funds are a function of supply and demand overreaching, based on the direction/hype of the coin causing euphoria or fear.

Traders love it, a trade within the trade.

As the open ended ETFs come on line they should keep the closed end versions more honest moving forward.

However, if the closed end funds don't adjust their costs, why buy or hold when there is a more stable/true low cost option available?

The open ended ETFs will have some small trading biases throughout the trading day but the APs will use the creation funds to keep things tight to NAV and for the most part they will be insignificant.

GLTA
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