2: It's just word. In a months' time, BTCINVEST's NAV have dropped from 0.33 to 0.23, a 43% in decline. About the risk hedging part, would you be able to further explain the meaining of this sentence? (Would be better if replied with English)
I'll answer in English 
BTCINVEST takes on more risk relatively. BTCINVEST started off as 0.1. When you look at it from when we started, BTCINVEST has grown 270%+ including dividends.
CoinLenders has also exercised a private PUT option on 100 ASICMINER shares for 3 BTC each.