Bullboard - Stock Discussion Forum Bitcoin Fund Units Class A T.QBTC

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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... see more

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Bitcoin Fund Units Class A > Cheapest BTC Fund

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Post by Moogul on Jan 14, 2021 10:30am

Cheapest BTC Fund

NAV premiums As of yesterday:

Qbtc = 14.5%,
btcg.un = 19%
gbtc = 24%

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Comment by Cobalt on Jan 14, 2021 11:38am

So some no doubt are scalping , selling high NAV buying low NAV hmmm

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Comment by Moogul on Jan 14, 2021 11:44am

I certainly would. You could easily do a paired trade here. Buy QBTC and sell an equivalent amount of GBTC short. You effectively have a risk free trade and just have to pay the borrowing costs on the short. Then wait for the premiums to converge and you would pocket the difference. The important thing here is that QBTC is the cheapest right now which is why I own it.

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Comment by Moogul on Jan 14, 2021 3:23pm

Qbtc is getting even cheaper after today probably have a premium closer to just 11%

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Comment by Cobalt on Jan 14, 2021 4:01pm

Good, have more gold stocks to convert over if they can get a dam bounce what are they like 10 times earnings lol

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Comment by Moogul on Jan 14, 2021 8:20pm

Yup as of close today it's now just 10% premium to NAV... I bought a little more at close. This is about as cheap of premium as this fund will trade at.

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Bitcoin Fund Units Class A