Interesting. I would have thought they'd not allow net selling. This way, it's a true market now.
In how far is redemption at all "limited" then?
Topic: GBTC Bitcoin Investment Trust Observer - page 92. (Read 262357 times)
1761XBT sold yesterday
The estimated daily holding in March 2014 is adjusted based on the latest actual holding figure
Also, please note that this is the net amount traded. They could have bought 10000XBT and sold 11761XBT yesterday
The estimated daily holding in March 2014 is adjusted based on the latest actual holding figure
Also, please note that this is the net amount traded. They could have bought 10000XBT and sold 11761XBT yesterday
Well, this seems somewhat significant, if only because it signals that clients can sell now and some are doing it. Is it less than we should expect for the first day or will we see a lot more? If I invested at $125, I might be happy to take profits now. Interesting times.
1761XBT sold yesterday
The estimated daily holding in March 2014 is adjusted based on the latest actual holding figure
Also, please note that this is the net amount traded. They could have bought 10000XBT and sold 11761XBT yesterday
The estimated daily holding in March 2014 is adjusted based on the latest actual holding figure
Also, please note that this is the net amount traded. They could have bought 10000XBT and sold 11761XBT yesterday
Surprised they're not buying tons at the moment. (thought admittedly almost 4000 in one day isn't bad)
Who is "they"? They the trust, or SecondMarket doesn't decide when to buy or at what price. An investor gives them money on a particular day and they buy on that day for that price. Whether the price is up or down doesn't effect BIT's buying, they don't guess the market, only their investors.
Poorly worded, I agree.. but I meant on behalf of their investors. There was plenty of action last week when the price was higher.
Surprised they're not buying tons at the moment. (thought admittedly almost 4000 in one day isn't bad)
Who is "they"? They the trust, or SecondMarket doesn't decide when to buy or at what price. An investor gives them money on a particular day and they buy on that day for that price. Whether the price is up or down doesn't effect BIT's buying, they don't guess the market, only their investors.
Surprised they're not buying tons at the moment. (thought admittedly almost 4000 in one day isn't bad)
@jl2012
do you know where SMBIT is buying and selling?
At which Exchange or OTC ?
do you know where SMBIT is buying and selling?
At which Exchange or OTC ?
Barry has said in interviews that they seek out early adopters and other large holders to buy from in bulk. This can likely often be done at a discount to the prevailing public market-rate.
@jl2012
do you know where SMBIT is buying and selling?
At which Exchange or OTC ?
do you know where SMBIT is buying and selling?
At which Exchange or OTC ?
Barry has said in interviews that they seek out early adopters and other large holders to buy from in bulk. This can likely often be done at a discount to the prevailing public market-rate.
All figures are openly available.
I can not find the figures on the Website.or do you have acces to it being an Investor?
They update everyday and remove the data of the last day
The formula is shown on the OP
Thanks again, though I do not understand how do figure the selling of 49 BTC as of 28 Mar 2014
The figures are estimated based on the dollar amount posted to the site daily. Once a month they post their actual BTC holdings. The amount referenced may be due to a rounding error or something similar. All figures are openly available.
I can not find the figures on the Website.or do you have acces to it being an Investor?
They update everyday and remove the data of the last day
All figures are openly available.
I can not find the figures on the Website.or do you have acces to it being an Investor?
They update everyday and remove the data of the last day
All figures are openly available.
I can not find the figures on the Website.or do you have acces to it being an Investor?
Yes, they are locked in on that particular trade now. With that much money and more to spend, wall st getting in this game is just easy profits
Looks like Wall Street is buying all your coins up for cheap
But it would be neat if you could look at the Bitstamp tape/chart from yesterday during the drop, find one of the large buys, and say 'oh that was SecondMarket'.
I think they have multiple sources, and try to buy at the lowest price
I thought you know it for sure.Thanks anyway.Quote
.. buy at the lowest price
LOL I did`nt expect that 
All figures are openly available. I am not affiliated with SecondMarket in any way
I did not suspect in that direction.
I am looking every day what the buying figures are because I think it is a valuable Indicator,what wealthy People and funds are doing in these a bit disturbing circumstances (Price decline over weeks)
Thanks a lot for updating
I think they have multiple sources, and try to buy at the lowest price
I thought you know it for sure.Thanks anyway.Quote
.. buy at the lowest price
LOL I did`nt expect that All figures are openly available. I am not affiliated with SecondMarket in any way
I think they have multiple sources, and try to buy at the lowest price
I thought you know it for sure.Thanks anyway.Quote
.. buy at the lowest price
LOL I did`nt expect that @jl2012
do you know where SMBIT is buying and selling?
At which Exchange or OTC ?
do you know where SMBIT is buying and selling?
At which Exchange or OTC ?
I think they have multiple sources, and try to buy at the lowest price
Jump to: