Bitcoin Fund Units Class A T.QBTC

Redemption Privileges

[Mat1791]

Units may be redeemed at the option of Unitholders on the first business day following the 15th day of June in each year (each, an “Annual Redemption Date”), commencing on June 16, 2021, subject to the Fund’s right to suspend redemptions in certain circumstances. Units so redeemed will be redeemed at a redemption price equal to the Net Asset Value per Unit on the Annual Redemption Date, less any costs and expenses associated with the redemption, including commissions incurred by the Fund to fund such redemptions. Units must be surrendered for redemption on or before the last business day of the month of May preceding the applicable Annual Redemption Date. Payment of the proceeds of redemption will be made in U.S. dollars on or before the 15th business day following the Annual Redemption Date.

The Units may also be redeemed monthly at a redemption price per Unit based on a discount to the market price.

See “Redemption of Units”, “Redemption of Units – Suspension of Redemptions” and “Risk Factors – Liquidity Constraints on Bitcoin Markets may Impact the Fund’s Holdings” and “Financial Institutions may Refuse to Support Transactions Involving Bitcoins”.

[Mat1791]

REDEMPTION OF UNITS Annual Redemptions Units may be redeemed at the option of Unitholders on the first business day following the 15th day of June in each year (each, an “Annual Redemption Date”), commencing on June 16, 2021, subject to the Fund’s right to suspend redemptions in certain circumstances. Units so redeemed will be redeemed at a redemption price equal to the Net Asset

[pystocker]

Thanks for posting those conditions. Not sure how retail is sumbittig those requests. I would guess email request and filling up some forms? But that's all under assumption this fund will live long enough, and that is operating within normal deviations.  Now, that is broken not sure what options will be. Anyhow, too bad for missed opportunity and using wrong instreument. Still, this

[Moogul]

Lol. You're too emotional here. Irrational fear mongering doesn't help. This happens to all other funds and it was a known and non fraudulent possibility for the SP to drop below NAV. As unit holders we still have the right to the underlying bitcoin at NAV through the annual redemption process. Relax or move on. 

[Moogul]

Another option and I'm just thinking out loud here is that maybe The fund manager would give unit holders the option to switch into their recently proposed /filed for bitcoin etf. That way they don't lose assets under management and would make everyone involved happy. 

[ScotiaOne]

GREAT Idea, plus kick start their ETF in a very big way!.........................

[ScotiaOne]

Agreed. Whatever the fund holder's motivations are for selling below NAV is really nothing any of us can impact. If you stay long then you will likely see NAV return or as noted above, use the annual redemption method. The only time we will get hurt is if we believe a correction is coming and want to get out early. Then yes, the unit holder will take a haircut that wouldn't exist at the

[balducci]

  Agreed, but it seems some here are not good hodlers. Have to wonder why some of them are investing in Bitcoin. 

[Skeltic]

Thank you Matt