Bitcoin Fund Units Class A T.QBTC

Current Nav

[Skeltic]

FYI the current NAV is 77.5 and 61.70

[pystocker]

Yeah, now it's flat .. and bitcoin moved from 52.2k to 54.5... GBTC moved +8%, ... This is not divergence this is broken. If it continues next week, this ETF will be dead meat. The sad part is that we lost by not investing in BTC using other options. None of them are kind to investors but the move is so bit that can swallow all trasaction fees. Fu... it.

[alderaan]

Blame stupid traders/investors/clowns that can't do basic math. 10% under NAV makes no sense and they should release something correcting this issue or else its criminal. I still believe this is temporary as everything swings too high or too low sometimes and in a bit of time it should normalize however will BTC still be this high? It would be a double wammy if it happened to correct from

[Mat1791]

None of us were complaining when there were steep premiums built in,  BTCG.UN was almost 30% at one point! Can't remember seeing any posts offering to give money back...

[pystocker]

I've sent an email, I think many more should follow up the same.. Not too long ago Horizon oil 2x leverage etf got broken when Oil crashed.. but that one did make sense, and inverse leverage etf was the only one got destroyed.. but this is off the hook too early .. I don't think I've seen anything similar to this extend with no obvious market direction crash. Send them email's

[Mat1791]

Pystocker, Like HOU, buyer beware.   Both HOU and these closed end funds are vulnerable to trading supply and demand.  This will cause trading above or below NAV.  Buyers should have know this. What we do need to learn, myself included, is the redemption mechanism other's have mentioned.   Is there an ability to sell back to the fund at NAV??