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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

Comment by ScotiaOneon Feb 19, 2021 5:29pm
168 Views
Post# 32613375

RE:RE:RE:RE:Redemption Privileges

RE:RE:RE:RE:Redemption Privileges
Moogul wrote: Lol. You're too emotional here. Irrational fear mongering doesn't help. This happens to all other funds and it was a known and non fraudulent possibility for the SP to drop below NAV. As unit holders we still have the right to the underlying bitcoin at NAV through the annual redemption process. Relax or move on. 


Agreed. Whatever the fund holder's motivations are for selling below NAV is really nothing any of us can impact. If you stay long then you will likely see NAV return or as noted above, use the annual redemption method. The only time we will get hurt is if we believe a correction is coming and want to get out early. Then yes, the unit holder will take a haircut that wouldn't exist at the same levels in the ETF model. I'm long and will add as opportunity permits. GLTA

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