Bullboard - Stock Discussion Forum Ether ETV Class A T.QETH.UN

Alternate Symbol(s): QETHF

The Ether Fund (the Fund) is a Canada-based closed-ended investment fund. The investment objective of the Fund is to seek to provide unit holders of the Fund with exposure to the digital asset ether (ether), the daily price movements of the United States dollar price of ether and the opportunity for long-term capital appreciation. To achieve its investment objectives, the Fund will invest in... see more

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TSX:QETH.UN - Post Discussion

Ether ETV Class A > This fund is a joke. I'm out.

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Post by loadinup on Apr 06, 2021 6:42pm

This fund is a joke. I'm out.

ETH holding up over $2100 and closes today at $47.25.
Eth on Feb 5 at $1700 and was QETH at $49.00.
Makes no proper sense and can't get an explanation.
I kept half of my position here and now regret it. Only reason I did was the ability to hold on TFSA. I would have been better off with the actual gains and paying taxes... Pretty stupid that longer term holders are subsidizing newcomers.
I'm out, hopefully a proper market tracking ETF comes out for Eth.
GLTA.

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Comment by bligicka on Apr 06, 2021 8:48pm

The Fund will not speculate with regard to short-term changes in ETH prices.

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Comment by RobiTrader on Apr 08, 2021 4:21pm

https://3iq.ca/the-ether-fund-qethu-qethun/ Take a look at the chart near the bottom of the page in the link that plots the NAV and fund price. You will see in early Feb the fund price was at a heavy premium to the NAV. Unfortunately, you picked a bad time to buy. They are fairly close now, so now would not be the time to get out if you are holding this in a TFSA and believe that Ethereum ...more

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Ether ETV Class A