The volume of Bitcoin Tracker One was ~756 bitcoins today.
Topic: GBTC Bitcoin Investment Trust Observer - page 28. (Read 262371 times)
The volume of GBTC was less than 112 bitcoins today. The market closed at ~331 dollars per bitcoin.
The volume of Bitcoin Tracker One was ~756 bitcoins today.
The volume of Bitcoin Tracker One was ~756 bitcoins today.
I remember reading certain articles of many wall streeters saying that every white board along their block has bitcoin on it so I suspect they're all waiting on this bitlicense to come on board before any serious considerations/actions will be taken by these types when it comes to purchasing on certain exchanges or dealing w/ any ETFs. Then, boom! What we see now are baby steps testing things out.
The volume of GBTC was less than 487 bitcoins on Friday. The market closed at ~331 dollars per bitcoin.
The volume of Bitcoin Tracker One was ~643 bitcoins on Friday.
The GBTC market was closed for Memorial Day on Monday.
The volume of Bitcoin Tracker One was ~454 bitcoins on Monday.
The volume of Bitcoin Tracker One was ~643 bitcoins on Friday.
The GBTC market was closed for Memorial Day on Monday.
The volume of Bitcoin Tracker One was ~454 bitcoins on Monday.
The volume of GBTC was less than 282 bitcoins today. The market closed at ~331 dollars per bitcoin.
The volume of Bitcoin Tracker One was ~681 bitcoins today.
The volume of Bitcoin Tracker One was ~681 bitcoins today.
The volume of GBTC was less than 476 bitcoins today. The market closed at ~326 dollars per bitcoin.
The volume of Bitcoin Tracker One was ~455 bitcoins today.
The volume of Bitcoin Tracker One was ~455 bitcoins today.
I added 25 more to my position today, sellers were seeming to reject any further price movement downwards. Once bidders showed a willingness to move back up to the Asks, I felt confident enough we'd set our bottom.
Yep, I placed a couple of bids that were quickly topped.
I added 25 more to my position today, sellers were seeming to reject any further price movement downwards. Once bidders showed a willingness to move back up to the Asks, I felt confident enough we'd set our bottom.
GBTC back(!) over 300 USD/BTC.
Yeah, we're not exactly seeing a major rush by wall street or pensioners to get in on coins right now. Guess we're gonna need that license to get this brokers and hedge funds buying on a much larger scale.
Wall St are not going to get in on BTC paying 2-2.5% annual fees. Ain't gonna happen. The might try and sell it to pensioners and take their cut on top. But buying these vehicles outright other than just to trade and provide liquidity to clients is not going to happen. They are not fools. More than likely they will start their own ETF's, not buy into another one. That way they can leverage their brand. Perhaps that is why the Winkel's EFT is ont getting cleared
Wall St is getting in at ground level in second round funding of start-ups with an eye to IPO's - that is where they will make their killing, if they can create a gold rush of IPO's in which they have a stake, hype it, pump it, flog it.
Importantly, these tunnels into mainstream investment channels are being built before the next bull run. A bull run that lately appears like it may not happen until the halving, from a lower starting point, if at all.
Yeah, we're not exactly seeing a major rush by wall street or pensioners to get in on coins right now. Guess we're gonna need that license to get this brokers and hedge funds buying on a much larger scale.
Wall St are not going to get in on BTC paying 2-2.5% annual fees. Ain't gonna happen. The might try and sell it to pensioners and take their cut on top. But buying these vehicles outright other than just to trade and provide liquidity to clients is not going to happen. They are not fools. More than likely they will start their own ETF's, not buy into another one. That way they can leverage their brand. Perhaps that is why the Winkel's EFT is ont getting cleared
Wall St is getting in at ground level in second round funding of start-ups with an eye to IPO's - that is where they will make their killing, if they can create a gold rush of IPO's in which they have a stake, hype it, pump it, flog it.
For one, GBTC is a pink sheet... the penny shares. Pensioners are the last people you would see jumping into penny stocks (hopefully). Too small for more than a couple of hedge funds to want to dabble in. It still has a 20% premium compared to its underlying, worse than a bitcoin atm. I think the interest on these paper bitcoins is from bitcoiners, ones that want the simplicity of holding them in traditional brokerage accounts.
Joe Blow public looks at a chart, sees an 80% decline after 18 months. The main things they've read are mtgox poofing with $400 mil, and silk road, making them rightfully a little nervous and/or uninterested.
The big nasdaq, not nordic, is where you might see some real volume in some shares/notes. I've not been overly encouraged by the KnC ETN launch's volume, but then again, it's not a huge market.
At least the exchanges, NYSE with their coinbase investment and now ticker, nasdaq with the private markets settlement pilot, are signaling and showing the SEC they are interested. There is a chance that COIN will launch after bitlicense, then gemini, but there's a lot of ifs there.
Importantly, these tunnels into mainstream investment channels are being built before the next bull run. A bull run that lately appears like it may not happen until the halving, from a lower starting point, if at all.
Yeah, we're not exactly seeing a major rush by wall street or pensioners to get in on coins right now. Guess we're gonna need that license to get this brokers and hedge funds buying on a much larger scale.
Wall St are not going to get in on BTC paying 2-2.5% annual fees. Ain't gonna happen. The might try and sell it to pensioners and take their cut on top. But buying these vehicles outright other than just to trade and provide liquidity to clients is not going to happen. They are not fools. More than likely they will start their own ETF's, not buy into another one. That way they can leverage their brand. Perhaps that is why the Winkel's EFT is ont getting cleared
Wall St is getting in at ground level in second round funding of start-ups with an eye to IPO's - that is where they will make their killing, if they can create a gold rush of IPO's in which they have a stake, hype it, pump it, flog it.
Yeah, we're not exactly seeing a major rush by wall street or pensioners to get in on coins right now. Guess we're gonna need that license to get this brokers and hedge funds buying on a much larger scale.
Well, OTCQX doesn't have a lot of volume itself and GBTC trading way above Bitcoin price doesn't help at all. Buying at $300 or above is just ridiculous.
Yeah, we're not exactly seeing a major rush by wall street or pensioners to get in on coins right now. Guess we're gonna need that license to get this brokers and hedge funds buying on a much larger scale.
The volume of GBTC was less than 422 bitcoins today. The market closed at ~300 dollars per bitcoin.
The volume of Bitcoin Tracker One was ~547 bitcoins today.
The volume of Bitcoin Tracker One was ~547 bitcoins today.
There is now a bid by ATDF for 10'000 shares at 0.01 $/share (0.10 $/BTC). And also a sell offer by them for 100 shares at 101.00 $/share (1010 $/BTC).
Are they making fun of the market, or what?
Are they making fun of the market, or what?
Saw that. If you recall, a while ago there were also some insanely high asks as well.
My guess is that it is either:
1 - Some random guy placed the limit order just for fun, and the broker has to post it.
2 - Someone trying to game some kind of very stupid trading bot (ie a bot that factors in total depth, regardless of size)
3 - Someone hoping to catch a "fat finger" mistake - i.e. someone placing a large sell order and mistakenly marking it as a market instead of a limit order.
This link has a good discussion of using NITBB or NITSO (No Intention to Buy Bid or No Intention to Sell Offer) orders to try and manipulate the price. But I struggle to see how a bid at a penny would accomplish those goals. https://stockalyzing.com/stock-trading-school/trading-lesson/2/
There is now a bid by ATDF for 10'000 shares at 0.01 $/share (0.10 $/BTC). And also a sell offer by them for 100 shares at 101.00 $/share (1010 $/BTC).
Are they making fun of the market, or what?
Are they making fun of the market, or what?
Saw that. If you recall, a while ago there were also some insanely high asks as well.
My guess is that it is either:
1 - Some random guy placed the limit order just for fun, and the broker has to post it.
2 - Someone trying to game some kind of very stupid trading bot (ie a bot that factors in total depth, regardless of size)
3 - Someone hoping to catch a "fat finger" mistake - i.e. someone placing a large sell order and mistakenly marking it as a market instead of a limit order.
There is now a bid by ATDF for 10'000 shares at 0.01 $/share (0.10 $/BTC). And also a sell offer by them for 100 shares at 101.00 $/share (1010 $/BTC).
Are they making fun of the market, or what?
Are they making fun of the market, or what?
no i think is bad ie bad for these type of products. if the early adopters to something get burnt ARE STUPID AND BLINDLY INVEST WITHOUT DOING THEIR RESEARCH - as i assume they bought their shares at a much higher value a year ago - and in the longer term there is no material benefit (premium) from doing something (eg buying GBTC over bitcoin itself) then GBTC will just wither on the vine THEY WILL LOSE THEIR MONEY, AS THEY SHOULD.
Fixed that for you.
The GBTC market closed at the all time low at 27.15 dollars per share (~280 dollars per bitcoin) with volume of 4950 shares (less than 490 bitcoins).
Meanwhile, the volume of Bitcoin Tracker One was ~949 bitcoins.
Meanwhile, the volume of Bitcoin Tracker One was ~949 bitcoins.
thats actually pretty nice news. More people will want to invest as the price becomes more reasonable.
no i think is bad ie bad for these type of products. if the early adopters to something (here a way of getting into the market without actually owning bitcoin) get burnt - as i assume they bought their shares at a much higher value a year ago - and in the longer term there is no material benefit (premium) from doing something (eg buying GBTC over bitcoin itself) then GBTC will just wither on the vine.
The GBTC market closed at the all time low at 27.15 dollars per share (~280 dollars per bitcoin) with volume of 4950 shares (less than 490 bitcoins).
Meanwhile, the volume of Bitcoin Tracker One was ~949 bitcoins.
Meanwhile, the volume of Bitcoin Tracker One was ~949 bitcoins.
thats actually pretty nice news. More people will want to invest as the price becomes more reasonable.
no i think is bad ie bad for these type of products. if the early adopters to something (here a way of getting into the market without actually owning bitcoin) get burnt - as i assume they bought their shares at a much higher value a year ago - and in the longer term there is no material benefit (premium) from doing something (eg buying GBTC over bitcoin itself) then GBTC will just wither on the vine.
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