Ether ETV Class A T.QETH.UN

Relax and get positioned, Info on NAV

[rwfresh]

A lot of people seemed to have jumped into ETHX which is why there is sell pressure on QETH.

BUT relax because these are ALL uninformed traders. As market intelligence propogates then all arbitrage opportunities disappear.  ANY undervalued asset is very quickly brought to price.

The inexperienced trader's misunderstanding or pure lack of understanding is your gain.

NAVPU (Net Asset Value Per Unit): in the case of a cryptocurrency fund like QETH the value per unit is calculated by:

total Ethereum HELD by the Fund in dollars - fees (1.95%) / total QETH units = NAVPU

Right now you are literally buying Ethereum at a +10% discount when you purchase QETH.


Every night after close (around 8pm) 3iQ posts the NAVPU here: https://3iq.ca/the-ether-fund-qethu-qethun/

You can see in the chart the provide when the NAVPU started to diverge from the bid Price of the units. 

ETHX value is calculated in a similar way and is currently trading at NAV:
https://www.firstasset.com/solutions/overview/?fund=CI+Galaxy+Ethereum+ETF+%28US%24+Series%29


So why would anyone hold an ethereum unit at or over NAV when you can buy it at a 10% discount? Because of a misunderstanding. 

QETH has traded below NAV before. That's when I buy. QETH will trade at NAV soon and likely over it, check the chart, the price will ALWAYS gravitate towards NAV as smart traders buy up the discount.

Good Luck!

[rwfresh]

OHH and remember the NAVPU posted here: https://3iq.ca/the-ether-fund-qethu-qethun/ is from PREVIOUS close. Meaning everyday as Eth climbs the discount has gotten bigger until ysertday as the discount GAP is closed. BUT we are still at 10% discount and I am loaded up. If the price of ethereum goes flat the bid price will STILL gravitate to NAV and the 10% discount will disappear. Meaning if

[bligicka]

Down today .....so much for that theory

[rwfresh]

What theory? It's not a theory. QETH fund HOLDS actual ETH and so the actual value of the unit is an easy calculation and one they must publish nightly according to financial regulation. What you will see today around 8pm when it's published when NAVPU is published calculated by today's close is that we are AGAIN discounted by 10%. This represents opportunity. Some idiot is willing to

[golf4ever]

have you looked into the redeption process........because thats the true value of this fund. you have to subtract the cost of redeption from your calculations otherwise you are spot on. i still feel as a FLI it is saying the market feels prssure on ethereum so if you are bullish then this is a buy.

[rwfresh]

Yup, when eth dipped 2 weeks ago the bids dropped below Nav, and that's been the pattern. If you are uncertain about eth price then for sure, get out of eth. But if you are holding then it's hard to justify holding the galaxy etf over this. But to each his own! Good luck to all, rw

[RobiTrader]

Finally some logical points being made on this board - and what I've been saying all along. This was the first Ethereum fund and because of that everybody got excited and were buying it despite the fund trading at a 20% premium to the NAV. Now it's swung the other way and these 'investors' don't have a clue what's going on. Go to the website, look at the chart that plots

[bligicka]

That $57 high was reach less than 2 weeks ago ......

[RobiTrader]

You're right. Sell QETH immediately and load up your Binance account, before you lose anymore money

[rwfresh]

ETH is 10-13% more expensive on Binance as compared to QETH. But you go ahead and buy from Binance, another centralized exchange completely compliant with Canadian tax authorities.

[rwfresh]

haha agreed. Honestly doesn't matter if anyone gets it here or not.  Hold. Make money. If Ethereum goes down then it all goes down. When it shoots up it all goes up except QETH will bump an additional 10-15% over the course of three day pump. But whateves!

[loadinup]

Good points in your post. The only details not considered are the reasons why it is now trading at a discount. ETHX currently 0% and going to 0.95% June 15, and QETH charging more than double at 1.95%. The fund enjoyed the premium to NAV before the new ETF's, but the competition is crushing share values. Perhaps once commissions start on their biggest competition, the discount may decrease