Ether ETV Class A T.QETH.UN

DUHHH FEES are included in NAVPU calculation for ETHX &QETH

[rwfresh]

This is a regulatory requirement.

QETH is undervalued by over 10% and will snap back to NAVPU as will ETHX. Eth price and NAV are all that drives the bid on these funds.

Buying ETHX today is overpaying.

Don't take my word for it. Spend 10 minutes figuring out how the NAVPU is calculated for each. Fees are considered in the published NAVPU for both, by law. Also take a look at the NAVPU vs Bid Price chart for QETH. What's max days QETH traded under NAV?

Tell me why ETHX is a better fund? Because 0% fees? NAVPU is all that matters as fees are considered in the calculation. So.. you are overpaying for ETHX because and exchange traded fund is better than a fund that is traded on an exchange. Got it. :)

[Cobalt]

Close-end funds vrs ETF , game on

[ruffus23]

Qeth.un website has a good arbitrage graph about halfway down the page. it's updated at the end of each day. I expect will be close to 15% discount at the end of today.  https://3iq.ca/the-ether-fund-qethu-qethun/

[simmmm]

QETH.UN made 8,64% while ETHR made 18.11% today. This is a crazy difference. I dont understand how a difference this big could happen

[workrestplay]

So a closed end fund can trade at a discount or a premium.  Whereas an ETF generally trades close to the underlying asset value.  What I suspect is, and you can see this on 3iq web page where they have a graph showing the underlying value vs the trading value.  On this page, scroll down a bit lower to see the number of uits issued.  3iQ figured out a way to be able to issue new

[rwfresh]

haha the fund can't secretly issue new units and sell them at a loss. Every unit that exists represents a fraction of ETH the fund has in custody.. ie: owns. That means if the fund wanted to issue new units they would first need to aquire the underlying ETH. This is all regulated and would be public information.  Any issuance must be publicly announced weeks in advance. In fact QETH has

[bligicka]

When eth goes down qeth follows right away when it goes up no so much ....if that issue isn't resolved investors will go elsewhere.....bottom line !!!

[rwfresh]

This is not true, Just take a look at the chart and you will see this is not the case. Historically QETH front-runs the ETH price which is why historically QETH has traded at a premium.