Ether ETV Class A QETHF

Jan 25th - Press release; At-the-market Fund offering

[workrestplay]

https://3iq.ca/3iq-at-the-market-fund-offerings-notice/


First line of the press release refers to BTC and ether.

So, explain to me again, how they are not issuing new units?  And explain to me, why they have a clearly defined graph, on their site,  showing the increase in number of units?  

Happy to hear your answer as to how their own graph does not show increase in number of units.

[RobiTrader]

The units they are offering are at market value when market value is above NAV - which is an advantage to the fund. They cannot offer any units at market value when price is below NAV.

[ipanema]

Finally the full and correct answer...lol. I've been wondering how long it would take until someone  read the website and post this. if only more people would do the research that all of us should do. Wonder how many will now realize they'ree look at an amazing gift horse with a terrifis mouth!! Load up... GLTA PS: they been buying or cancelling a few units over the last few days

[rwfresh]

100% if you think ETH is stable or going up then load up. Bid will push towards NAVPU. Free money situation.

[rwfresh]

Hey @workrestplay, You are in fact correct that program to issue more units is open. But as the PR outlines this program is meant to increase total ETH per unit which increases NAVPU. How does it work? The program issues units and immediately sells those units only when QETH is trading above NAVPU. The money is then immediately used to purchase Eth through Gemini. For each newly issued QETH sold

[GROG]

@rwfresh This is an excellent post and mature in its wording. Thoughtful and clear. I am apreciative GROG