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Bullboard - Stock Discussion Forum
Bitcoin Fund Units Class A
T.QBTC
Financial Services
Technology
Asset Management
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 an alternative to a direct investment in bitcoin.
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Bullboard (TSX:QBTC)
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(39)
•••
alderaan
X
Comment by
alderaan
on Feb 22, 2021 1:06pm
RE:RE:RE:bellow 50k
what are you talking about? We are still 7-8% under NAV so mid 70s
(401)
•••
pystocker
X
Comment by
pystocker
on Feb 22, 2021 1:02pm
RE:RE:bellow 50k
I have no clue how to play with QBTC, I sold at $71... NAV should be under $60 ...
(18)
•••
Seamus2021
X
Comment by
Seamus2021
on Feb 22, 2021 11:35am
RE:bellow 50k
All good! Flushing out weak hands. I'll take a nose dive that consolidates at $53k all day long.
(401)
•••
pystocker
X
Post by
pystocker
on Feb 22, 2021 9:29am
bellow 50k
Bitcoin is nose diving, and it will be volotile so all that redemption story is worthless.
(18)
•••
Seamus2021
X
Comment by
Seamus2021
on Feb 21, 2021 11:46am
RE:RE:3iq Twitter Feed
My guess is: 1) the discount will reduce significantly in the next few days due to market efficiency and at a minimumum will be at or close to parity by the redemption date. This could be accelerated
...more
(221)
•••
Mat1791
X
Comment by
Mat1791
on Feb 21, 2021 11:25am
RE:3iq Twitter Feed
So, we know the closed end funds have some built in mechanisms to help off set any extreme discounts, should they occur. IMO, the premium side will also be kept in check. (alternative options, who
...more
(18)
•••
Seamus2021
X
Post by
Seamus2021
on Feb 21, 2021 10:38am
3iq Twitter Feed
Look at the 3iq Twitter feed which addresses the discount to all of the closed funds including the option for the fund to buy back units on the market at below NAV which is accretive to all unit
...more
(168)
•••
CriticalMind55
X
Post by
CriticalMind55
on Feb 21, 2021 9:56am
I think I have a possible explanation as to why QBTC traded
lower than NAV, a new Bitocin ETF came to market BTCC.U and BTCC.B, some sold some of their QBTC and bought the new ones because they looked more attractive at around $10-$11, now they own both...IMO
(0)
•••
golf4ever
X
Comment by
golf4ever
on Feb 21, 2021 8:06am
RE:RE:RE:RE:QBTC discount
LOL ya i figured i would get a response like that........i don't even know what FUD (fiduciary duty?) is sorry. yes 3iQ will do whats best for the fund (it of course has a fiduciar duty
...more
(1)
•••
ScotiaOne
X
Comment by
ScotiaOne
on Feb 20, 2021 4:44pm
RE:RE:RE:QBTC discount
Thanks golf4ever for showing up with your one day old account and preaching FUD. 3iQ will treat QBTC unit holders well because it is in THEIR best interest to do so.
(0)
•••
golf4ever
X
Comment by
golf4ever
on Feb 20, 2021 2:04pm
RE:RE:QBTC discount
I forgot to mention that they have the right to suspend redemption in certain circumstances as well.....i would think a mass redemption would be one of those conditions but i am not sure
(0)
•••
golf4ever
X
Comment by
golf4ever
on Feb 20, 2021 1:59pm
RE:QBTC discount
the 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
...more
(30)
•••
balducci
X
Comment by
balducci
on Feb 19, 2021 7:45pm
RE:RE:RE:Help please: QBTC Trading Price is below its Net Asset Value
The following is cut and pasted from reddit (which is cut and pasted from yahoo). [Btw, is it demeaning if I beg for some reputation/karma points. Lol.] This is a cut an paste
...more
(21)
•••
Moogul
X
Comment by
Moogul
on Feb 19, 2021 7:07pm
RE:RE:Help please: QBTC Trading Price is below its Net Asset Value
Yeah I think if I can park the emotional reaction I'm really starting to think this will get resolved in a smart way quite soon... Remember that these fund managers are extremely financially
...more
(30)
•••
balducci
X
Comment by
balducci
on Feb 19, 2021 7:00pm
RE:RE:RE:RE:Redemption Privileges
Agreed, but it seems some here are not good hodlers. Have to wonder why some of them are investing in Bitcoin.
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