# MTYY Bid-Ask Spread, Liquidity and NAV Premium > As of Oct 22, 2026, MTYY closed −0.01% from its NAV, and on 95% of the 8 days to then it was within ±0.15%. No fund is recommended. Data as of Oct 22, 2026. Rebuilt every trading night. As of Oct 22, 2026. Rebuilt every trading night. ## MTYY bid-ask spread and liquidity As of Oct 22, 2026, MTYY closed −0.01% from its NAV, and on 95% of the 8 days to then it was within ±0.15%. ### IQ Liquidity Score Not scored, 2 of 6 measured. A fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund can be bought and sold, not whether to own it. How the score is built Flags: One dealer. Cost to trade Not measured: the issuer's 30-day median spread is not read for this fund Capacity, 82.4 Holdings can absorb $296m a day, Oct 22, 2026 Price fidelity Not measured: 8 days of closing premium are held, under the 20 needed Primary market, 30.0 2 active dealers of 2; largest 82% of creations and redemptions, N-CEN to Jun 30, 2026 Bad-day behaviour Not measured: 0 of the 10 worst days and 8 other days are held, under the 5 and 60 needed Depth Not measured: needs trade and quote data (Phase 2) ### Premium or discount to NAV - Latest close, Oct 22, 2026: −0.01% - 95% of days within: ±0.15% - Days more than 1% from NAV: 0 of 8 - Widest: +0.15%, Oct 15, 2026 Close against the NAV its issuer struck the same day, 8 days from Sep 10, 2026 to Oct 22, 2026. Source: ETFIQ from the issuer’s NAV and closing price. ### Capacity Its holdings can absorb $296m a day, measured on the trading volume of MSTR, its benchmark, since its own book is not a stock book measured in full, as of Oct 22, 2026. The holding that sets the limit is MSTR (MSTR). ### Dealers 2 active of 2 authorized participants; the largest did 82% of creations and redemptions, in the year to Jun 30, 2026 (Form N-CEN filed Sep 11, 2026). The active authorized participants, largest first, by share of the dollars created and redeemed: Jane Street Capital, LLC (82.2%), BofA Securities, Inc. (17.8%). ### How to trade MTYY When ETF spreads are usually widest in the first minutes after the open and the last minutes before the close. ETFIQ measures this fund’s own day once it has trade data. Size Up to $3m is 1% of what its holdings can absorb in a day, for a buy or a sell. Watch The premium. On 95% of days it is within ±0.15%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth. ### Coming with trade data Spread through the day, buyers against sellers, an estimate of retail flow, large trades and the closing auction’s share, each once ETFIQ has trade and quote data. ### Questions people ask Does MTYY trade at a premium or discount to NAV? It closed −0.01% from its NAV on Oct 22, 2026. On 95% of the 8 days to then it was within ±0.15%, and it closed more than 1% from NAV on 0 of them. Who is the AP for MTYY? MTYY’s latest Form N-CEN, for the period ending Jun 30, 2026, lists 2 authorized participants (APs), and 2 created or redeemed shares. The largest were Jane Street Capital, LLC (82.2%), BofA Securities, Inc. (17.8%) of the dollars its APs created and redeemed. Who is the LMM for MTYY? MTYY’s lead market maker (LMM) on Nasdaq is Jane Street Capital, LLC. Lead market maker per Nasdaq, as of Oct 23, 2026. ### Sources and dates - Premium: ETFIQ, close against the issuer’s NAV, Sep 10, 2026 to Oct 22, 2026. - Capacity: ETFIQ, from each holding’s 20-day median dollar volume, to Oct 22, 2026. - Dealers: Form N-CEN, the year to Jun 30, 2026, accession 0001049169-26-002596. ### Where to next The score measures trading conditions, not the fund. ETFIQ is an independent publisher, not an adviser, and makes no recommendations. Standards and sources --- Source: ETFIQ, independent ETF data. Recomputed nightly from public filings and prices. Cite: ETFIQ, MTYY trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/mtyy/trading/ Licence: https://etfiq.com/license/ Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms. HTML: https://etfiq.com/funds/mtyy/trading/