Guotou UBS responds to silver LOF valuation adjustment: No prior announcement, aiming to avoid panic and bank runs

CryptocurrencySniper · 2026-02-03T04:46:19+00:00

Guotou UBS Fund announced an adjustment to the valuation method of Guotou Silver LOF's silver futures contracts, resulting in a significant drop in the net asset value of the related fund, which drew investor attention and controversy. The main focus was on the timing of the announcement, with the fund explaining that the adjustment was made to prevent market panic.

CryptocurrencySniper

2026-02-03 04:46:19

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Guotou Ruixin Fund announced last night that it has adjusted the valuation method for its Guotou Silver LOF’s held silver futures contracts. As a result, the net asset value per unit of Guotou Silver Futures A dropped by over 31% on the same day, a net value that was recalculated based on the new valuation method.

However, this valuation adjustment has sparked significant controversy among investors, with the main focus on the timing of the adjustment—why was the announcement only made after the market closed on February 2?

In response, Guotou Ruixin Fund told First Financial that if they had announced earlier, they were worried it might be interpreted as intentionally guiding investors not to redeem, which could lead to the perception of serious liquidity issues in the fund’s assets, triggering market panic and a run on the fund.

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(Source: First Financial)

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