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Bitcoin Fund Units Class A T.QBTC

The Bitcoin Fund (the Fund) is a Canada-based closed-ended investment fund. The investment objectives of the Fund are to seek to provide unitholders of the Fund with exposure to the digital asset bitcoin (bitcoin) and the daily price movements of the United States dollar price of bitcoin, and the opportunity for long-term capital appreciation. The Fund invests in long-term holdings of bitcoin, purchased from reputable bitcoin trading platforms and OTC counterparties, in order to provide investors with an alternative to a direct investment in bitcoin.


TSX:QBTC - Post by User

Bullboard Posts
Post by possessed2on Jun 21, 2020 7:10pm
270 Views
Post# 31174928

Still not clear on how this works

Still not clear on how this worksI read the bullboard posts below here concerning the share price being above or below the NAV. Can somebody explain what this company is actually doing. I am looking for a fund that just buys Bitcoin and rises and falls with the price of the coin. That is what it says they are doing in several places on-line but the price action tells a different story. Would appreciate some learned facts.

Thanks,
Bullboard Posts