Ether ETV Class A T.QETH.UN

RE:RE:RE:DUHHH FEES are included in NAVPU calculation for ETHX &QETH

[workrestplay]

So a closed end fund can trade at a discount or a premium.  Whereas an ETF generally trades close to the underlying asset value.  What I suspect is, and you can see this on 3iq web page where they have a graph showing the underlying value vs the trading value.  On this page, scroll down a bit lower to see the number of uits issued.  3iQ figured out a way to be able to issue new shares to the open market, essentially finding away around being a closed end fund.  Any shares they issue, must be issued at the then trading price.  Which is fine.  What I suspect is holding back the price from trading at the net asset value is their continuation of issues nw units.  So essentially, if someone wants to buy at $ 60 and they issue new units at $ 60 that buy order is being filled.  Had they not issued new units at $ 60, then the buy goes unfilled, and potentially the price goes higher, as the buyer is trying to 'get in'.  They will have to stop issuing new units so the price it is traded at, trades closer to net asset value.  The reason they are doing these issues, is the more units issued, the more money coming into their coffers, and the more money inthe fund, the greater the management fee is.