April 25th: NAV $45.85 Net assets: $48.2 MM Conclusion: no change (-16 BTC)
April 28th: NAV $43.00 Net assets: $45.2 MM No new BTC bought (up to 200 BTC could be sold, impossible to tell due to rounding)
April 29th: NAV $43.77 Net assets: $46.0 MM Conclusion: no change
April 30th: NAV $43.62 Net assets: $45.8 MM Conclusion: no change
May 1st: NAV $44.79 Net assets: $47.6 MM 1283 BTC bought (= $0.575 MM invested, I am using the fact that they allow to invest only in 25k$ units in calculations)
Topic: GBTC Bitcoin Investment Trust Observer - page 88. (Read 262357 times)
April 25th: NAV $45.85 Net assets: $48.2 MM Conclusion: no change (-16 BTC)
April 28th: NAV $43.00 Net assets: $45.2 MM No new BTC bought (up to 200 BTC could be sold, impossible to tell due to rounding)
April 29th: NAV $43.77 Net assets: $46.0 MM Conclusion: no change
April 30th: NAV $43.62 Net assets: $45.8 MM Conclusion: no change
April 25th: NAV $45.85 Net assets: $48.2 MM Conclusion: no change (-16 BTC)
April 28th: NAV $43.00 Net assets: $45.2 MM No new BTC bought (up to 200 BTC could be sold, impossible to tell due to rounding)
April 29th: NAV $43.77 Net assets: $46.0 MM Conclusion: no change
Well this is an interesting thread and pretty informative. I for one was not even aware of this market so yea I"m learning alot.
Chinese government has a similar table
But MUCH larger numbers !
But MUCH larger numbers !
The table becomes too long. These are the data before May 2014:
| Date | NAV ($) | Net | Est | Est Net | Est New | Actual |
| Assets | Holding | Buying | Invest | Holding | ||
| (M$) | (XBT) | (XBT) | (M$) | (XBT) | ||
| 30-Apr-14 | 43.62 | 45.8 | 103852 | -90 | -0.04 | 103852 |
| 29-Apr-14 | 43.77 | 46.0 | 103942 | -31 | -0.01 | |
| 28-Apr-14 | 43.00 | 45.2 | 103973 | -13 | 0.00 | |
| 25-Apr-14 | 45.85 | 48.2 | 103986 | 18 | 0.01 | |
| 24-Apr-14 | 47.95 | 50.4 | 103968 | 1473 | 0.71 | |
| 23-Apr-14 | 48.06 | 49.8 | 102495 | -31 | -0.02 | |
| 22-Apr-14 | 48.43 | 50.2 | 102526 | 98 | 0.05 | |
| 21-Apr-14 | 49.25 | 51.0 | 102428 | 153 | 0.08 | |
| 17-Apr-14 | 50.10 | 51.8 | 102275 | 1048 | 0.53 | |
| 16-Apr-14 | 51.01 | 52.2 | 101227 | -120 | -0.06 | |
| 15-Apr-14 | 48.22 | 49.4 | 101347 | 365 | 0.18 | |
| 14-Apr-14 | 43.69 | 44.6 | 100982 | -162 | -0.07 | |
| 11-Apr-14 | 38.34 | 39.2 | 101144 | -555 | -0.21 | |
| 10-Apr-14 | 40.37 | 41.5 | 101699 | 5865 | 2.39 | |
| 9-Apr-14 | 44.08 | 42.7 | 95834 | -31 | -0.01 | |
| 8-Apr-14 | 44.48 | 43.1 | 95865 | -161 | -0.07 | |
| 5-Apr-14 | 44.92 | 43.6 | 96026 | 226 | 0.10 | |
| 4-Apr-14 | 43.89 | 42.5 | 95800 | -1139 | -0.50 | |
| 3-Apr-14 | 43.07 | 42.2 | 96939 | 2532 | 1.10 | |
| 2-Apr-14 | 45.38 | 43.3 | 94407 | -1762 | -0.81 | |
| 1-Apr-14 | 47.22 | 45.9 | 96169 | 62 | 0.04 | 96169 |
| 31-Mar-14 | 45.30 | 44.0 | 96107 | -12 | 0.01 | |
| 28-Mar-14 | 49.63 | 48.2 | 96119 | -57 | -0.02 | |
| 27-Mar-14 | 53.31 | 51.8 | 96176 | 3863 | 2.08 | |
| 26-Mar-14 | 57.58 | 53.7 | 92313 | 63 | 0.04 | |
| 25-Mar-14 | 57.41 | 53.5 | 92250 | 62 | 0.04 | |
| 24-Mar-14 | 55.52 | 51.7 | 92188 | 128 | 0.08 | |
| 21-Mar-14 | 57.33 | 53.3 | 92060 | 1617 | 0.94 | |
| 20-Mar-14 | 58.91 | 53.8 | 90443 | 2063 | 1.23 | |
| 19-Mar-14 | 60.96 | 54.4 | 88380 | -7 | 0.00 | |
| 18-Mar-14 | 60.62 | 54.1 | 88387 | 73 | 0.05 | |
| 17-Mar-14 | 61.91 | 55.2 | 88314 | -120 | -0.06 | |
| 14-Mar-14 | 62.85 | 56.1 | 88434 | 1688 | 1.08 | |
| 13-Mar-14 | 63.28 | 55.4 | 86746 | 1837 | 1.17 | |
| 12-Mar-14 | 63.25 | 54.2 | 84909 | 152 | 0.10 | |
| 11-Mar-14 | 61.50 | 52.6 | 84757 | 43 | 0.03 | |
| 10-Mar-14 | 62.47 | 53.4 | 84714 | -128 | -0.07 | |
| 7-Mar-14 | 63.21 | 54.1 | 84842 | 162 | 0.11 | |
| 6-Mar-14 | 65.21 | 55.7 | 84680 | 648 | 0.43 | |
| 5-Mar-14 | 65.48 | 55.5 | 84032 | 510 | 0.34 | |
| 4-Mar-14 | 67.19 | 56.6 | 83522 | 37 | 0.03 | |
| 3-Mar-14 | 61.88 | 52.1 | 83485 | -61 | -0.03 | 83485 |
| 28-Feb-14 | 56.03 | 47.2 | 83546 | 145 | 0.08 | |
| 27-Feb-14 | 57.32 | 48.2 | 83401 | 1011 | 0.59 | |
| 26-Feb-14 | 55.86 | 46.4 | 82390 | 481 | 0.27 | |
| 25-Feb-14 | 48.32 | 39.9 | 81909 | 41 | 0.02 | |
| 24-Feb-14 | 56.95 | 47.0 | 81868 | 11 | 0.01 | |
| 21-Feb-14 | 55.15 | 45.5 | 81857 | 81 | 0.05 | |
| 20-Feb-14 | 58.97 | 48.6 | 81776 | 887 | 0.53 | |
| 19-Feb-14 | 61.46 | 50.1 | 80889 | -3 | 0.00 | |
| 18-Feb-14 | 61.83 | 50.4 | 80892 | -104 | -0.05 | |
| 14-Feb-14 | 60.54 | 49.4 | 80996 | 119 | 0.08 | |
| 13-Feb-14 | 62.72 | 51.1 | 80877 | 931 | 0.59 | |
| 12-Feb-14 | 64.82 | 52.2 | 79946 | 30 | 0.02 | |
| 11-Feb-14 | 66.96 | 53.9 | 79916 | 7 | 0.01 | |
| 10-Feb-14 | 62.00 | 49.9 | 79909 | 70 | 0.05 | |
| 7-Feb-14 | 71.27 | 57.3 | 79839 | 6 | 0.01 | |
| 6-Feb-14 | 80.61 | 64.8 | 79833 | 612 | 0.50 | |
| 5-Feb-14 | 83.62 | 66.7 | 79221 | 5818 | 4.90 | |
| 4-Feb-14 | 84.57 | 62.5 | 73403 | 13 | 0.02 | |
| 3-Feb-14 | 84.32 | 62.3 | 73390 | 31 | 0.04 | |
| 30-Jan-14 | 83.97 | 62.0 | 73359 | 585 | 0.50 | 73359 |
| 29-Jan-14 | 84.65 | 62.0 | 72774 | -13 | -0.01 | |
| 28-Jan-14 | 81.91 | 60.0 | 72787 | 655 | 0.54 | |
| 27-Jan-14 | 81.42 | 59.1 | 72132 | 90 | 0.09 | |
| 24-Jan-14 | 80.02 | 58.0 | 72042 | -72 | -0.05 | |
| 23-Jan-14 | 82.15 | 59.6 | 72114 | 722 | 0.60 | |
| 22-Jan-14 | 84.24 | 60.5 | 71392 | 6 | 0.01 | |
| 21-Jan-14 | 86.48 | 62.1 | 71386 | -31 | -0.01 | |
| 17-Jan-14 | 81.87 | 58.8 | 71417 | 531 | 0.44 | |
| 15-Jan-14 | 85.58 | 61.0 | 70886 | -10 | 0.00 | |
| 14-Jan-14 | 83.75 | 59.7 | 70896 | 65 | 0.06 | |
| 13-Jan-14 | 83.13 | 59.2 | 70831 | -66 | -0.04 | |
| 10-Jan-14 | 83.35 | 59.4 | 70897 | 30 | 0.03 | |
| 9-Jan-14 | 83.25 | 59.3 | 70867 | 735 | 0.62 | |
| 8-Jan-14 | 82.00 | 57.8 | 70132 | 50 | 0.04 | |
| 7-Jan-14 | 89.73 | 63.2 | 70082 | 69 | 0.07 | |
| 6-Jan-14 | 95.51 | 67.2 | 70013 | 25 | 0.04 | |
| 3-Jan-14 | 81.91 | 57.6 | 69988 | 76 | 0.07 | |
| 2-Jan-14 | 78.73 | 55.3 | 69912 | 209 | 0.17 | |
| 31-Dec-13 | 76.12 | 53.3 | 69703 | -20 | -0.01 | |
| 30-Dec-13 | 76.96 | 53.9 | 69723 | -161 | -0.11 | |
| 27-Dec-13 | 75.80 | 53.2 | 69884 | 47 | 0.04 | |
| 26-Dec-13 | 73.86 | 51.8 | 69837 | 27 | 0.03 | |
| 24-Dec-13 | 67.05 | 47.0 | 69810 | 44 | 0.03 | |
| 23-Dec-13 | 64.67 | 45.3 | 69766 | 53 | 0.04 | |
| 20-Dec-13 | 68.59 | 48.0 | 69713 | 235 | 0.16 | |
| 19-Dec-13 | 62.23 | 43.4 | 69478 | 863 | 0.54 | |
| 18-Dec-13 | 54.45 | 37.5 | 68615 | 103 | 0.06 | |
| 17-Dec-13 | 69.66 | 47.9 | 68512 | 310 | 0.22 | |
| 16-Dec-13 | 76.41 | 52.3 | 68202 | 902 | 0.70 | |
| 13-Dec-13 | 90.48 | 61.1 | 67300 | -87 | -0.08 | 67300 |
| 12-Dec-13 | 86.96 | 58.8 | 67387 | 666 | 0.58 | |
| 11-Dec-13 | 91.71 | 61.4 | 66721 | 86 | 0.08 | |
| 10-Dec-13 | 93.62 | 62.6 | 66635 | 27 | 0.02 | |
| 9-Dec-13 | 84.68 | 56.6 | 66608 | 33 | 0.02 | |
| 6-Dec-13 | 92.35 | 61.7 | 66575 | 404 | 0.37 | |
| 5-Dec-13 | 100.14 | 66.5 | 66171 | 976 | 0.98 | |
| 4-Dec-13 | 110.96 | 72.6 | 65195 | 147 | 0.16 | |
| 3-Dec-13 | 105.54 | 68.9 | 65048 | 114 | 0.12 | |
| 2-Dec-13 | 97.13 | 63.3 | 64934 | 1076 | 1.05 | |
| 29-Nov-13 | 107.81 | 69.1 | 63858 | 383 | 0.41 | 63858 |
| 27-Nov-13 | 92.45 | 58.9 | 63475 | 2427 | 2.25 | |
| 26-Nov-13 | 83.07 | 50.9 | 61048 | 1223 | 1.02 | |
| 25-Nov-13 | 77.94 | 46.8 | 59825 | 1028 | 0.80 | |
| 22-Nov-13 | 71.00 | 41.9 | 58797 | 3044 | 2.17 | |
| 21-Nov-13 | 63.26 | 35.4 | 55753 | -110 | -0.07 | |
| 20-Nov-13 | 52.97 | 29.7 | 55863 | |||
| 19-Nov-13 | 63.82 | |||||
| 18-Nov-13 | 55.22 | 29.7 | 53587 | 297 | 0.16 | |
| 15-Nov-13 | 42.44 | 22.7 | 53290 | 560 | 0.24 | |
| 14-Nov-13 | 41.19 | 21.8 | 52730 | 0.00 | ||
| 13-Nov-13 | 38.24 | 0.00 | ||||
| 12-Nov-13 | 35.47 | 0.00 | ||||
| 8-Nov-13 | 31.96 | 0.00 | ||||
| 7-Nov-13 | 28.65 | 0.0 | ||||
| 6-Nov-13 | 25.45 | 0.0 | ||||
| 5-Nov-13 | 23.78 | 8.3 | 34700 | 34700 | ||
| 4-Nov-13 | 21.97 | |||||
| 1-Nov-13 | 20.46 | |||||
| 31-Oct-13 | 20.02 | |||||
| 30-Oct-13 | 20.30 | |||||
| 29-Oct-13 | 20.03 | |||||
| 28-Oct-13 | 19.62 | |||||
| 25-Oct-13 | 18.04 | |||||
| 24-Oct-13 | 19.46 | |||||
| 23-Oct-13 | 20.10 | |||||
| 22-Oct-13 | 19.10 | |||||
| 21-Oct-13 | 17.90 | |||||
| 18-Oct-13 | 15.20 | |||||
| 17-Oct-13 | 14.55 | |||||
| 16-Oct-13 | 14.86 | |||||
| 15-Oct-13 | 14.31 | |||||
| 14-Oct-13 | 14.27 | |||||
| 11-Oct-13 | 13.03 | |||||
| 10-Oct-13 | 13.14 | |||||
| 9-Oct-13 | 13.03 | |||||
| 8-Oct-13 | 12.52 | |||||
| 7-Oct-13 | 12.77 | |||||
| 4-Oct-13 | 12.63 | |||||
| 3-Oct-13 | 11.70 | |||||
| 2-Oct-13 | 11.86 | |||||
| 1-Oct-13 | 13.22 | |||||
| 30-Sep-13 | 13.26 | |||||
| 27-Sep-13 | 13.35 | |||||
| 26-Sep-13 | 12.67 | |||||
| 25-Sep-13 | 12.88 | |||||
| Seed Investment | 12.64 | 2.3 | 17800 | 17800 |
April 25th: NAV $45.85 Net assets: $48.2 MM Conclusion: no change (-16 BTC)
April 28th: NAV $43.00 Net assets: $45.2 MM No new BTC bought (up to 200 BTC could be sold, impossible to tell due to rounding)
Is there any talk of an approximate ETA for the public sale of shares? Too bad we couldnt have made some sort of an investment trust through this forum, there is a lot of money floating around here...
... any "floating bitcoin" has been stolen or defrauded.
Is there any talk of an approximate ETA for the public sale of shares? Too bad we couldnt have made some sort of an investment trust through this forum, there is a lot of money floating around here...
Looks like we need a ThirdMarket now.
Virtually no change: 16 BTC sold, most likely rounding error (Friday April 25th).
Thank you. Please also quote the raw data (NAV and total asset) since I may occasionally forget to take the values
You are right, they are disappearing next day. Ok.
April 25th: NAV $45.85 Net assets: $48.2 MM Conclusion: no change (-16 BTC)
SecondMarket could make even more money if they had a private source that would sell them bitcoins below market price. That difference in price would be their extra profit.
They do.SecondMarket of course will not knowingly buy stolen bitcoins. But why would not they buy at 80%
EDIT: "80% of market price", of course, not "80% discount".
Virtually no change: 16 BTC sold, most likely rounding error (Friday April 25th).
Thank you. Please also quote the raw data (NAV and total asset) since I may occasionally forget to take the values
I've wanted to see the numbers on this, so thanks OP
SecondMarket will not lose any money, no matter what the price does.
yeah...
Wasn't that was true of mtgox too?
Yeah, that's what proves conclusively Karpales is a special kind of stupid.
SecondMarket will not lose any money, no matter what the price does.
yeah...
Wasn't that was true of mtgox too?
SecondMarket could make even more money if they had a private source that would sell them bitcoins below market price. That difference in price would be their extra profit.
They do.
How do we know this?
"SecondMarket Will Open Up Private Bitcoin Fund to All Investors" http://www.coindesk.com/secondmarket-will-open-private-bitcoin-fund-investors/
SecondMarket could make even more money if they had a private source that would sell them bitcoins below market price. That difference in price would be their extra profit.
They do.
How do we know this?
For one thing, you can call them up and buy/sell to them in 25BTC minimum lots. However, I think these channels are low volume right now simply because SecondMarket purchasing is loosely correlated with rises in the exchanges. And I'm guessing that bitpay isn't doing 1K btc per day right now... less spending more hoarding during the slump I would guess.
SecondMarket could make even more money if they had a private source that would sell them bitcoins below market price. That difference in price would be their extra profit.
They do.
How do we know this?
SecondMarket could make even more money if they had a private source that would sell them bitcoins below market price. That difference in price would be their extra profit.
They do.
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