is btcc good to invest in or qbtc..what is your latest take?

0
0

I sometimes wonder if we are keeping up with the times by not dedicating etf and crypto sections here ..but you have nice discussions on Discord especially by Kevin Boo in crypto..
So which is better..btcc or qbtc

I love and own Ebit ..a bitcoin etf that owns bitcoins directly..

Marked as spam
Asked on April 15, 2021 10:02 am
1 views
0
Private answer

wow what a nice answer Mat

Marked as spam
Posted by Ayesha Ahmad
Answered on April 15, 2021 10:04 pm
0
Private answer

They are two different products. QBTC is a closed end fund and BTCC is an ETF. Both buy and hold Bitcoin and are expected to closely track the price of Bitcoin.

As a closed-end fund QBTC has higher fees, but has fixed units which it can increase through new issue or buyback. As an ETF, BTCC can issue unlimited units based on the inflows and will do so to ensure it is tracking the price of bitcoin. The benefit of owning QBTC is that it can unlock more value as it can buyback units when shares are trading at a discount to NAV or issue stock to take advantage of when its price trades at a premium to NAV - this has the net of effect of improving returns. With BTCC it will not return more than the price of Bitcoin.

For the average investor, it really comes down to fees and BTCC has lower fees than QBTC. I know Dan sold his QBTC and put it into BTCC.B and I will likely do the same at some point.

Mat

Marked as spam
Posted by Mathieu Litalien
Answered on April 15, 2021 12:20 pm
0
Private answer

Also interested in one of these... Lots of long term stable companies are discussed, but the Crypto train seems to be the way of the future and it seems wise to get some exposure to it in some way shape or form.

Marked as spam
Posted by Kyle Free
Answered on April 15, 2021 10:33 am