Paint me like one of your french ETF's
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Navistar International Corp

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Invest in Gamestore at Nav and hold for a year ez
ETHZ is trading at a ~40% discount to NAV. Even if you don't want eth exposure, long ETHZ short ETH = free money?
The NAV is $10.40 and you wanna buy 2x of that 🤷‍♂️
All those mathematically challenged morons who buy into that are about to find out what NAV erosion is
its like 60 to 90$ with 3500 gold/oz based on their reserves and their share price being like 15% of nav (fair for a mature miner, more speculative should be only 5% of NAV). Something like that. And thats ignoring antimony which doubled in price since 2024... BUT this is all assuming they are actively mining and exatracting, which is not the case yet. Ofc, if by 2028 when theyre built up, the price of gold is 6000/oz or more... ah well hehe
Lol if it ends in a Y and it’s by yield max… don’t be ashamed. PonziMax is gonna go tits up sooner or later once people figure out that you cap upside for “income”. And with 75% of these option incme strategies ETFs the juicy yield it promises hardly ever holds up long enough to justify the nav decay
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