Post by
rwfresh on May 04, 2021 9:58am
Over 20% discount
Buying QETH right now is like buying Eth for 2700 USD.
Seems insane but this is the case. The boys at 3iQ must be shaking their heads!
I'm happy to wait for this discount to close. Bought more at Monday open, 15% discount.
If ETH does not make a major move downward I suspect we will see some crazy action on QETH soon. We will see a +20% move when ETH is flat. Possibly in parallel with a dip below NAVPU in ETHX.
Maybe! Historically the discount has not lasted beyond a week in QETH. And we have never seen this type of discount since it's inception.
Remember, 3iQ, as part of regulatory requirement has all the required Eth in custody to match the fund and calculate the NAV. The fund does not buy or sell Eth without public announcement. NAVPU is tied to ETH price. ETHX does not work the same way. I think funds are going to be a lot more attractive when they start staking and compounding the funds holdings. Not going to happen with an ETF.