Yeah, you're correct, but the guaranteed "premium" is very relative is all I was saying. Essentially, it will trade like any other derivative, just that there's never a "cash", or in this case, "Bitcoin" settlement. So, if too many head for the exit at the same time, a theoretical discount to NAV is not an impossibility. I don't think it's too awfully likely, but it is a distinct, and very real, possibility. Now, that would be the dip to buy!