A little update on the Flows observed By BTCE.
With BTC losing ground, we observed the first outflows from the funds.
Nothing to worry about, but quite a strange coincidence:
On the first graph we can see the NAV and the fund's price: here we can see that those are closely related, as highlighted on the second graph: the price's premium on the NAV has been consistently below 1%, averaging 0.76% since inception.
We saw that following drop in prices (top graph) we had a fund outflow. It happened on Aug 26th , and also happened on Sep 4th, the last day on the graph (fund flows are made public on the following day).
The thing that I just discovered is the
public address of the fund has still to register this outflow:
We see that on Sep 4th there is no outflow.
This is confirmed on the historic balances:
Actually today it recorded a slight increase in the funds. This is something puzzling me and I am going to investigate about.
The first thing I notice is that the drop I see recorded on Aug 26th is actually mirrored in a Aug 27th outflow in the wallet, so some lag might be involved, but today we are already lagging one day, and we have an increase.
I am going to update the Spreadsheet later today, trying to find an answer to this conundrum.