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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 golf4everon Feb 20, 2021 1:59pm
196 Views
Post# 32619168

RE:QBTC discount

RE:QBTC discountthe problem with swithing to an ETF is that they would make far less on the fees. Plus they will/are going to simply start a seperate ETF on top of keeping this as a closed end fund. 

In some ways they don't really care what the trade price in terms of discount/premium to NAVPU  as they make money off the total value of the fund.

The only thing that will hurt them is a mass redemption BUT read the terms and they have the right to charge costs for that as well.

At least thats the way i understand it.
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