Hi there,
I've talked alot about this in the Discord channel - so I'll just repost what I said there and it should answer your questions:
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Morning! Lot's of discussion her so I won't reply to everyone individually. If you hold QBTC - do NOT sell at a discount to NAV - it makes no sense. If you are buying moving forward than BTCC certainly looks more attractive from a fee and liquidity standpoint. Remember, QBTC Bitcoin holdings haven't gone anywhere. In fact, at such a large discount today - I'd buy QBTC over BTCC. That gap will eventually narrow AND there are two important points to remember. Once a year QBTC (in June i think) gives investors the opportunity to redeem units at NAV (so why would you sell at a discount). Secondly, according to some people i know in the space rumour has it that when 3IQ launches their ETF, unit holders will have the opportunity swap at NAV
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I also added this tidbit from this morning if you are intending on buying QBTC:
For those looking to buy QBTC to look to take advantage of the gap - be mindful that Bitcoin is down significantly this morning. It closed at 55, 888 USD last Friday and despite topping 58K this weekend, this morning it is 54,889 USD - so we may see QBTC dip - in other words, be careful where you put your buys in. Last week - NAV was at a Bitcoin price of 55,496 - so Bitcoin is trading below that now
If you want to do your calculations yourself before market open - you take the price of bitcoin (in USD or CAD) and multiply it by 0.00112385 - that will give you an approximation of the NAV of QBTC and QBTC.U.
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Let me know if you need to know anything else.
Mat