RE:RE:RE:RE:RE:RE:RE:RE:RE:3iQ website - I not saying it will 100%. But I would be worried about it losing atleast some of its NAV premium when true ETF's become available in the US and there are currently a bunch of applications with the SEC. Think about it... if I'm a new bitcoin investor or I'm currently adding to my position in a brokerage account and I have the option to buy bitcoin through grayscale at a ~15% premium (you did in the past Becuase they were the only game in town) or buy one of the new physical open ETF's where I don't have to pay a premium or worry to much about premiums or discounts in the future, then that's what I'll do... I mean this has already played out in Canada with Qbtc and btcg etc. So it all depends on where the premium or discount is when your making a decision on allocation. Now I'd argue the closed ended funds in Canada offer pretty good value as you get to buy btc at a discount now (I was unfortunately bag holding during the fall but that's a sunk cost). My hunch is that these closed end funds will struggle to attract new capital (for new units) if they don't lower fees to 1-1.2%, and that in the mid term we may see the NAV discount shrink to maybe the 1-3% range over time if these new ETF's prove successful. But who knows..