If these were block trades done at NAV, then where's the squeeze to premium coming from?
If these were block trades done at NAV, then where's the squeeze to premium coming from?
I’d expect ETF arbitrage to get a little tricky right around the IPO
Right, again my point that these were outsized risks to take cause they were having to guesstimate NAV pop
It really depends on what if any basket(s) of cash + securities the ETF provider was willing to accept for ETF creations in the lead up to the IPO, and that’s not usually public information AIUI