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


TSX:QBTC - Post by User

Comment by Moogulon Feb 19, 2021 5:38pm
257 Views
Post# 32614109

RE:QBTC discount

RE:QBTC discountAfter reading the annual redemption clause thoroughly I feel batter. The one thing that would be very smart of 3iQ would be a press release in the coming days just re-highlighting the redemption availability and potentially a lowering of the annual fee. A simple statement would go a very long way. Also it would be very smart for the manager to draft up some method by which unit holders could transfer to their etf at NAV and maybe state that explicitly. These fund manager dont want to lose their assets under management but that's likely going to happen through the annual redemption process unless the act quickly. 
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