Topic: GBTC Bitcoin Investment Trust Observer - page 110. (Read 262357 times)

ain´t it a shame 

Last time I think it was Thursday.

Net assets are updated once per week? What day?

One more data point identified. So they bought about 20000XBT in the last 2 weeks

November 18, 2013   
NAV 55.22USD
Net Assets 29.7MUSD
Estimated holding 53,784.86XBT

I've pondered that idea many a time. Of course China is not insignificant. But also you could make the argument that for Second Market to get into this, it really indicates that there's an underlying sea change happening within Wall Street and other big money people (the Mellon banking dynasty, supposed to be wealther than the Rockefellers). They are buying on dark pools, meaning the exchanges only show a severe coin shortage rather than a bunch of huge whale buys. This results in more delayed price action, but more assured upward movement.

It looks almost like they single handedly caused all this. If this really small institutional investor can cause this just wait until Mastercoin brings in the big money.

Yeah.  I thought the winky face made it obvious...

You are joking probably, right?

Boy, I wish there was some way us normal people could get in on this wonderful investment opportunity... 

I was thinking we needed a BIT observer. Next update in about 12 hours. Investors are in for another pleasant surprise.

Good thread. Seems like SecondMarket is buying.

Since the BIT has stopped reporting the daily total assets value, the daily update of this thread is stopped. The data before May 2015 is kept here for record.

__________________________

This thread is to follow the NAV and the estimated XBT holding of the SecondMarket Bitcoin Investment Trust. All information could be found on the BIT webpage (http://www.bitcointrust.co/).

This will be constantly maintained. Please consider to donate if you like this table.

Warning: all raw data was publicly available on BIT website. It is suspected that they occasionally provides faulty data. Interpret the data with cautious, especially when there is a big movement in total bitcoin holding.

Method:
1. Figures of Net asset value (NAV) and total assets value (TAV) are taken from http://www.bitcointrust.co/ or http://grayscale.co/bitcoin-investment-trust/
2. Actual Bitcoin holding (ABH) is published occasionally on http://www.bitcointrust.co/ (within the investor presentation)
3. Raw estimated Bitcoin holding (REBH) = TAV / NAV * 0.1
4. Normalization factor (NF) = ABH / REBH
5. NF for each day is derived in a linear manner
6. Estimated XBT holding = REBH * NF

* XBT is the unofficial ISO4217 code for bitcoin (http://en.wikipedia.org/wiki/ISO_4217#Without_currency_code)

** Estimated figures are subject to rounding error. The estimated XBT amount may deviate from the actual amount by at most a few hundreds of XBT.

*** Negative figures could be due to rounding error.

**** Normalization factor is needed as SecondMarket is taking fee and each share represents less than 0.1XBT (actual amount not announced).


# Probably an error. See https://bitcointalksearch.org/topic/m.9206222

Starting to April 2014: https://bitcointalksearch.org/topic/m.6449073
May to August 2014: https://bitcointalksearch.org/topic/m.8597489

Since the BIT has stopped reporting the daily total assets value, it is not possible to update the table daily like before. Instead, it will be updated with a different style, mainly to show the actual or estimated Bitcoin holding the BIT. Previous data are still available at https://bitcointalksearch.org/topic/m.3620848

Method:
1. Figures of Net asset value (NAV), total assets value (TAV), Total Share Outstanding, and XBT per Share are taken from http://www.bitcointrust.co/ or http://grayscale.co/bitcoin-investment-trust/
2. Total XBT holding = Total Share Outstanding * XBT per Share

* XBT is the unofficial ISO4217 code for bitcoin (http://en.wikipedia.org/wiki/ISO_4217#Without_currency_code)

** Estimated figures are subject to rounding error.

*** Negative figures could be due to rounding error.