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Bullboard - Stock Discussion Forum 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... see more

TSX:QBTC - Post Discussion

Bitcoin Fund Units Class A > QBTC : BTC Help me
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Post by gustavocolins on Jan 14, 2021 10:51am

QBTC : BTC Help me

can someone help me understand why there is such a variance on the price of QBTC price when i look at the BTC $ being at the same price 7 days prior?

Example bitcoin at $39,000 last week has QBTC @ X price, the same BTC price of $39,000 has a different price than last week by a substantial margin. 

WHY??
Comment by Cobalt on Jan 14, 2021 11:32am
Good question works both ways i see , off the Dec lows to highs Bitcoin did 140% QBTC did 180%
Comment by maryhill on Jan 14, 2021 11:37am
This post has been removed in accordance with Community Policy
Comment by dm27427 on Jan 15, 2021 5:56am
In addition to the price of BTC itself, QBTC price will be affected by the changes in premium of price to NAV and changes in CAD:USD exchange rate.
Comment by Moogul on Jan 15, 2021 9:50am
Probably head to 8% after today. 
Comment by Moogul on Jan 15, 2021 10:42am
Maybe 5% haha this is rediculous 
Comment by Moogul on Jan 15, 2021 11:08am
No logic why Canadians are selling more then Americans with the current NAV premium diff...  btc down 9, gbtc down 10, Qbtc down 13 haha - No balls 
Comment by Cobalt on Jan 15, 2021 11:22am
USD / CAD + 1% add to the furmula 
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