TSX:QETH.UN - Post by User
Comment by
rwfreshon Apr 29, 2021 6:04pm
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Post# 33098361
RE:RE:RE:Relax and get positioned, Info on NAV
RE:RE:RE:Relax and get positioned, Info on NAVWhat theory? It's not a theory. QETH fund HOLDS actual ETH and so the actual value of the unit is an easy calculation and one they must publish nightly according to financial regulation.
What you will see today around 8pm when it's published when NAVPU is published calculated by today's close is that we are AGAIN discounted by 10%. This represents opportunity. Some idiot is willing to sell you their ETH for 10% than what you will pay anywhere else!
https://3iq.ca/the-ether-fund-qethu-qethun/ <- check NAVPU for yourself around 8pm tonight. It's not a theory.
You are exactly the type of trader that makes these kinds of discount arbitrage opportunities possible.
QETH doesn't drive the price of ETH, it's the other way around. And any Eth ETF is ultimately bound to the price of ETH. In the case of a fund, inexperienced traders might be fooled and frightened into selling below NAV which is exactly what is happening here. But I can guarentee that the price of QETH WILL gravitate back to NAVPU. What I can't guarentee is what the price of ETH will be.
If ETH goes down both the fund and any Eth ETF will also go down. If you think ETH is going to go up in the short term then now is when you sell ETH ETF for QETH. Eth ETF is trading at or above NAV. Check for yourself.