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Bitcoin Fund Units Class A T.QBTC

Technology
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 a convenient, safer alternative to a direct investment in bitcoin.


TSX:QBTC - Post by User

Bitcoin Fund Units Class A > Just added below NAV
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Comment by balduccion Nov 26, 2020 6:03pm
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Post# 31985893

RE:RE:Just added below NAV

RE:RE:Just added below NAV You can get the number of BTC per unit off of the fund site: https://3iq.ca/the-bitcoin-fund/

Then do some simple math to figure out what the NAV is. The NAV on the site is a day behind, so don't trust it when the BTC price moves drastically overnight.

Right now, after market close, with BTC at 17153 USD, and 0.001114 BTC per UNIT, the NAV would be about 19.10844 USD. Given the exchange rate, that would be 19.10844 / 0.7689 = 24.85166 CAD. 

That is below the day old NAV ($27.410 CAD) currently listed on the site, but also below the closing price of QBTC today ($26.75 CAD). 
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