RE:RE:RE:RE:Redemption PrivilegesMoogul 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