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The Bitcoin Fund (QBTC.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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26.45-0.86 (-3.15%)
At close: 03:55PM EDT
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  • t
    Good entry point
  • h
    time to buy ?
  • Y
    Yahoo Finance Insights
    QBTC.TO is down 7.99% to 45.74
  • Y
    Yahoo Finance Insights
    QBTC.TO is down 7.61% to 50.25
  • 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
  • P
    I spoke to my contact at 3iQ and asked again whether we will be rolled into an ETF. My contact could not disclose anything, but he did mention that there is a press release coming out soon, perhaps by Tuesday next week (April 6). Stay tuned, it could be great news. I’m definitely holding my shares until then.
  • j
    Its trading at 10% premium, gbtc trading at 18%, even if bitcoin price stagnates here, qbtc is gonna catch up with the premium like it was trading at 22-25 percent premiums 3 weeks ago. Best time to load up
  • P
    Hey guys, could anyone please confirm if this is a TFSA permitted investment in Canada? I'm a bit confused.
  • R
    thanks Elon!
  • M
    Everybody ready for the 20%-30% drop?
  • M
    Trading at 7-8% premium right now
  • M
    ABTC bitcoin ETF approved in canada
  • B
    investing in this fund means buying Bitcoin at 49000 USD.
    This sale won't last long.