刚才我去仔细研究了QBTC的消息。
原来它最近接连有2个增发的新闻(11月6日和11月16日，就是今天)。
QBTC的股价走势明显受到这两个增发消息的影响，同时也影响了它的股本数，增加1,641,071万股。每股的比特币净含量也略微减少，从我首贴17天前截屏的0.001131比特币，略跌到0.001125比特币 。
11月6日的增发新闻，当天股价最高31$，当时溢价近40%，收盘30$。 增发价格仅24$，导致股价连跌3天，最低跌到25.59$。
11月16日今天的增发新闻，是overnight offering， 增发价格暂时没有说，仅说在11月20日Close ，保证不低于今天的净值（24.884$)。 要根据今天晚上的认购情况，明天早上开市之前公布增发价格。
新的ETF就是比较麻烦，灰度的GBTC股本大，就没有这个问题 ， 增发影响也会小很多 。
另外一方面，这种ETF的溢价是非常”危险“的，因为发行方以赚2%的管理费为目的，一心扩大股本（管理资产），只需要发行价格不低于净值就行，并不管溢价的。 就像这个QBTC借着比特币最近大涨，在10天内连续增发两次。
最好的办法还是直接买比特币
关于增发的几个新闻：
11月16日的新闻：
The Bitcoin Fund Announces Overnight Offering
Toronto, Nov. 16, 2020 (CNW) — (TSX: QBTC, QBTC.U) The Bitcoin Fund (the “Fund”) is pleased to announce that it is undertaking an overnight treasury offering of Class A units (the “Class A Units”). The Class A Units will be available for purchase in Canadian and U.S. dollars under the offering.
The offering is expected to close on or about November 20, 2020 and is subject to certain closing conditions including approval by the Toronto Stock Exchange (“TSX”).
The Class A Unit offering price will be determined so as to be non-dilutive to the most recently calculated net asset value per Class A Unit on November 16, 2020.
The closing price on the TSX for the Class A Units on November 16, 2020 was C$28.16 (US$21.53).
The agent for the offering will be Canaccord Genuity Corp.
11月10日的新闻：
The Bitcoin Fund by 3iQ Completes Offering
Toronto, Nov. 10, 2020 (GLOBE NEWSWIRE) — (TSX: QBTC, QBTC.U) The Bitcoin Fund (the “Fund”) is pleased to announce that it has completed the previously announced treasury offering of Class A units (the “Class A Units”) raising gross proceeds of C$25,200,000.
The Class A Units were offered at a price of C$24.00 per Class A Unit. The Class A Unit offering price was determined so as to be non-dilutive to the most recently calculated net asset value per Class A Unit on November 5, 2020, plus the per unit Agent’s fee and the expenses of the offering.
The agent for the offering was Canaccord Genuity Corp.
11月6日的新闻：
The Bitcoin Fund Announces Offering
Toronto, Nov. 6, 2020 (CNW) — (TSX: QBTC) (TSX: QBTC.U) The Bitcoin Fund (the “Fund”) is pleased to announce it is undertaking a treasury offering of up to 1,050,000 Class A units (the “Class A Units”) raising gross proceeds of approximately C$25,200,000.
The offering is expected to close on or about November 11, 2020 and is subject to certain closing conditions including approval by the Toronto Stock Exchange (“TSX”).
The Class A Units will be offered at a price of C$24.00 per Class A Unit. The closing price on the TSX for the Class A Units on November 5, 2020 was C$30.38. The Class A Unit offering price was determined so as to be non-dilutive to the most recently calculated net asset value per Class A Unit on November 5, 2020, plus the per unit Agent’s fee and the expenses of the offering.
The agent for the offering is Canaccord Genuity Corp.
www.tradingview.com
原来是增发闹的。我不愿意直接买币是因为他们需要提供的证件太多了，所以买基金即使不那么合适，但是只要跟着大趋势走，就是多赚少赚的事。如果明天跌到25到26左右，必需肯定加
