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 an alternative to a direct investment in bitcoin.

TSX:QBTC - Post by User

Bitcoin Fund Units Class A

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Comment by Mat1791on Feb 21, 2021 11:25am

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Post# 32621446

RE:3iq Twitter Feed

Seamus2021 wrote: 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 holders.

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 wants to buy high)

Therefore, we end up with a fairly equal playing field, except cost (MER).

Perhaps, this soon, will also balance out? In the mean time, where would you buy...

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