Stocks do trade above intrinsic value all the time, but they are companies that invent and grow. This is a trust that only holds Bitcoin Cash. They don't have revenues or invent new technology. They just hold BCH. For it to trade at over 500% of NAV is incredible.
I forgot to mention that the trust will review and reblance at the end of every quarter. Well, the end of this quarter is on 3/31/2021, which is this Wednesday.