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The Bitcoin Fund (QBTC.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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62.58-0.31 (-0.49%)
At close: 3:59PM EDT
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  • A
    newbie here. if i want to invest in bitcoin is this it ?
  • Y
    Yahoo Finance Insights
    QBTC.TO is down 10.20% to 58.62
  • B
    @ 30 now. Who is still holding?
  • K
    Still the best performing out of the crypto funds I have. Go figure.
  • s
    with BTC making a break through resistances lately its bound to hit new records this year. long term over the next 10 years should prove to be minimum 50% per year as the last 10 years average 200% annually. It's just the beginning of mass adoption.

    No other investment in a tax free shelter will come close.
  • B
    I like the rumour about Amazon. It’s making this go up. And I’m hoping I can make a few dollars again.
  • K
    Awesome. BTC hit 40k. I'm holding.
  • M
    I always hated QBTC for the #$%$ management but once GBTC converts to an ETF this should go up as it is pretty much 1 to 1 with the discount for gbtc
  • S
    Question about annual redemption for NAV…anyone know the fees associated with this?

    Also, if (I know it’s a big if) the discount was to persist, say for the next year, and you invested just before the cutoff only to claim the redemption June 2022, would that not mean you would get a near 10% return almost immediately? Not thinking of Doing this due to volatility, but curious.
  • Y
    Yahoo Finance Insights
    QBTC.TO is up 8.17% to 42.12
  • Y
    Yahoo Finance Insights
    QBTC.TO is up 13.87% to 48.10
  • B
    No one left in here. Can’t wait till it goes back up so I can get out
  • B
    From the 3iq site: "Management is precluded by OSC regulations from offering any units where net proceeds to the fund would be below net asset value."
  • D
    I just wanted to confirm what Benjamin already posted. 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 them several times last year).
    Basically 3iQ confirmed that yes you can easily call your broker the day before annual Redemption so June 15th... you're basically guaranteed net asset value of Bitcoin. I bought more shares yesterday morning and bought some more again this morning so great to get a discount instead of paying premium.
    FYI they are well aware of what's going on especially since they have their own open fund that they are releasing.
    also they will have some announcement likely next week which they could not elaborate so that will be interesting
  • B
    3iq has filed for ETF status. I believe they will be the next to be approved. Considering they have a NAV redemption process for the fund I believe they will offer a NAV valued swap to the ETF from the Closed Ended fund. They'd be smart to do that because people who take case no longer pay fees, if they convert, they keep shareholders paying fees.
  • J
    Tesla confirmed 1.5 Billion in bitcoin purchase.
  • B
    From 3iQ: Please note that there are several actions we can take as a closed-end fund manager to combat excessive market volatility and discounts to our market trading price. We are very aware of the ETFs being released and their impacts on the secondary trading of QBTC. As the largest bitcoin fund manager in Canada, we do not take this lightly and will be responding accordingly to changing market conditions.

    While I can't spill the beans just yet, we will have some announcements soon regarding this trading activity and our course of action.

    Please stay tuned for updates. We greatly appreciate your continued support and business.
  • P
    3iQ, if you are reading this, we want to be rolled into your upcoming ETF! If you don't announce plans to make this happen soon, you can expect a flood of redemptions in June, and money will flow into BTCC or other products that are not from 3iQ. Fellow QBTC shareholders, give this comment a thumbs up if you agree.
  • C
    $500 per share by 2025