So to participate in this you should:
1. Acquire BTS.
2. Use 2/3rds of your BTS to short bitGOLD
3. Use 1/3rd of your BTS to buy your bitGOLD
4. Trade your bitGOLD for CFSGOLD 1:1
Cliffnotes on operations:
The CFS company will make money as it earns up to 1% on the bid:ask spread between bitcoin and CFSGOLD using trading bots on exchanges. 70% of those earnings go back into CFSGOLD, increasing the NAV. So now CFSGOLD might be worth 1.x : 1 with bitGOLD.
At the end of the quarter, the CFS company will offer a full buyback of the CFSGOLD at the 1.x value if you want to cash out.
Note: As you've likely shorted the bitGOLD into existence (due to the lack of available bitGOLD) you have no choice but to expose yourself to BTS. Your exposure to BTS is double that of CFSGOLD at the beginning. So ultimately you should be bullish on both BTS and gold (and the honesty and competence of CFS).
Do I have that right?
With all that said, do you have any wild estimates of how profitable this might be for CFSGOLD holders? Realistically, how much could CFSGOLD be worth if it attained a trade volume similar to say, nubits?