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Tomas Hirst @tomashirstecon.bsky.social

If these were block trades done at NAV, then where's the squeeze to premium coming from?

sep 1, 2025, 12:03 pm • 1 0

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Shadow Hedgie 🌻 @shadow.hedgie.social

I’d expect ETF arbitrage to get a little tricky right around the IPO

sep 1, 2025, 12:13 pm • 1 0 • view
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Tomas Hirst @tomashirstecon.bsky.social

Right, again my point that these were outsized risks to take cause they were having to guesstimate NAV pop

sep 1, 2025, 12:19 pm • 0 0 • view
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Shadow Hedgie 🌻 @shadow.hedgie.social

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

sep 1, 2025, 12:23 pm • 1 0 • view