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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 > Help please: QBTC Trading Price is below its Net Asset Value
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Post by PeterKarwacki on Feb 19, 2021 5:39pm

Help please: QBTC Trading Price is below its Net Asset Value

What is the issue please, isn't this a good thing? Can any body explain why this is a problem?
I have watch both videos. There would be a problem if the Trade price was signficantly above the Net Asset Value, but it is not.
Comment by ScotiaOne on Feb 19, 2021 5:43pm
It's only a problem if you are selling i.e. you won't get the unit price that the Bitcoin assets represent at true NAV. If you are long then it shouldn't be an issue. This isn't the type of fund that lends iteself to quick trades. My thoughts only...
Comment by Moogul on Feb 19, 2021 7:07pm
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 motivated to retain and grow AUM... As unit holders we have rock solid rights to the bitcoin held per unit (minus a 1.95% annual fee). Putting these two notions together along with the reality of a quickly ...more  
Comment by balducci on Feb 19, 2021 7:45pm
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 from a poster 'Dave' on yahoo: Yesterday morning I was concerned when I saw the differential between NAV and fund price. first thing I did was call 3iQ since I have a contact there (spoken to ...more  
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