Ether ETV Class A T.QETH.UN

Relax and get positioned, Info on NAV

[rwfresh]

A lot of people seemed to have jumped into ETHX which is why there is sell pressure on QETH.

BUT relax because these are ALL uninformed traders. As market intelligence propogates then all arbitrage opportunities disappear.  ANY undervalued asset is very quickly brought to price.

The inexperienced trader's misunderstanding or pure lack of understanding is your gain.

NAVPU (Net Asset Value Per Unit): in the case of a cryptocurrency fund like QETH the value per unit is calculated by:

total Ethereum HELD by the Fund in dollars - fees (1.95%) / total QETH units = NAVPU

Right now you are literally buying Ethereum at a +10% discount when you purchase QETH.


Every night after close (around 8pm) 3iQ posts the NAVPU here: https://3iq.ca/the-ether-fund-qethu-qethun/

You can see in the chart the provide when the NAVPU started to diverge from the bid Price of the units. 

ETHX value is calculated in a similar way and is currently trading at NAV:
https://www.firstasset.com/solutions/overview/?fund=CI+Galaxy+Ethereum+ETF+%28US%24+Series%29


So why would anyone hold an ethereum unit at or over NAV when you can buy it at a 10% discount? Because of a misunderstanding. 

QETH has traded below NAV before. That's when I buy. QETH will trade at NAV soon and likely over it, check the chart, the price will ALWAYS gravitate towards NAV as smart traders buy up the discount.

Good Luck!