Bullboard - Stock Discussion Forum Ether ETV Class A T.QETH.UN

Alternate Symbol(s): QETHF

The Ether Fund (the Fund) is a Canada-based closed-end investment fund. The Fund's investment objectives are to seek to provide unitholders of the Fund with exposure to digital currency ether (ETH) and the daily price movements of the United States dollar price of ETH, and the opportunity for long-term capital appreciation. The Fund invests in long-term holdings of ETH, purchased from ETH asset... see more

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TSX:QETH.UN - Post Discussion

Ether ETV Class A > Over 20% discount

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Post by rwfresh on May 04, 2021 9:58am

Over 20% discount

Buying QETH right now is like buying Eth for 2700 USD.

Seems insane but this is the case. The boys at 3iQ must be shaking their heads!

I'm happy to wait for this discount to close. Bought more at Monday open, 15% discount.

If ETH does not make a major move downward I suspect we will see some crazy action on QETH soon. We will see a +20% move when ETH is flat. Possibly in parallel with a dip below NAVPU in ETHX.

Maybe! Historically the discount has not lasted beyond a week in QETH. And we have never seen this type of discount since it's inception.

Remember, 3iQ, as part of regulatory requirement has all the required Eth in custody to match the fund and calculate the NAV. The fund does not buy or sell Eth without public announcement. NAVPU is tied to ETH price. ETHX does not work the same way. I think funds are going to be a lot more attractive when they start staking and compounding the funds holdings. Not going to happen with an ETF.