GBTC Bitcoin Investment Trust Observer - page 96.

128bpm

newbie

Activity: 16

Merit: 0

Quote from: JorgeStolfi on March 15, 2014, 03:32:24 PM

Does anyone know for sure whether their "liquidity" has started?

I suppose that it means that some investors now can "liquidate" their investment, i.e. withdraw dollars based on the current valuation or soething.

If so, presumably that applies only the early investors, for now? I.e. there is a minimum wait period before one can "liquidate" one's investment?

I'd have to imagine that given the fees involved, most of their clients are going to be long-term holders.

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Does anyone know for sure whether their "liquidity" has started?

I suppose that it means that some investors now can "liquidate" their investment, i.e. withdraw dollars based on the current valuation or soething.

If so, presumably that applies only the early investors, for now? I.e. there is a minimum wait period before one can "liquidate" one's investment?

FNG

hero member

Activity: 588

Merit: 500

Quote from: jl2012 on March 13, 2014, 11:06:42 PM

1844XBT bought yesterday

Quote from: jl2012 on March 15, 2014, 05:36:47 AM

1696XBT bought yesterday

This is getting interesting. Thanks for the work, j12012

jl2012

legendary

Activity: 1792

Merit: 1111

1696XBT bought yesterday

2_Thumbs_Up

sr. member

Activity: 323

Merit: 251

Quote from: gotmilk_ on March 14, 2014, 03:00:51 PM

They are also buying bitcoins (min. 25btc at 2-3% lower rate than Bitstamp) for a month now (officaly)... So they probably have their own stash and they sell it later when the investor comes?

Yeah, it would be really nice to get some clarification on what the numbers mean.

Is every "share" always held by a customer or could the BIT own some of the shares for themselves?
Do the trust always buy "on demand" or do they buy in anticipation of future demand?
If they buy coins in advance, will these be represented in the numbers, or will that happen once they sell the coins to customers?

gotmilk_

sr. member

Activity: 442

Merit: 250

They are also buying bitcoins (min. 25btc at 2-3% lower rate than Bitstamp) for a month now (officaly)... So they probably have their own stash and they sell it later when the investor comes?

Biodom

legendary

Activity: 3892

Merit: 4331

Quote from: GigaCoin on March 14, 2014, 08:21:09 AM

Quote from: jl2012 on March 13, 2014, 11:06:42 PM

1844XBT bought yesterday

Is it clarified anywhere which exchange they use to purchase their coins ?

They might not need an exchange and purchase directly from a large miner.
Steve Carlson boasted having 1Pth.
Here is another one-KnC datorhall:
http://organofcorti.blogspot.se/2014/03/march-9th-2014-weekly-hashrate.html

7.75% of the network or ~2.5Pth-should produce 280 coins a day (1864 coins is less than a week's worth of work)

GigaCoin

sr. member

Activity: 308

Merit: 251

Giga

Quote from: jl2012 on March 13, 2014, 11:06:42 PM

1844XBT bought yesterday

Is it clarified anywhere which exchange they use to purchase their coins ?

skivrmt

hero member

Activity: 994

Merit: 501

Quote from: naaktslak on March 08, 2014, 02:36:10 PM

its only possible for experienced investors to get in Undecided

Haha, interesting use of the word experienced. Accredited is a lot different experienced. Just because makes a lot of money (most likely in a non financial field) or has a net worth worth over $1MM (most likely from a built up from a non financial field) does not mean they know anything about investing!

jl2012

legendary

Activity: 1792

Merit: 1111

1844XBT bought yesterday

naaktslak

full member

Activity: 219

Merit: 100

its only possible for experienced investors to get in Undecided

jl2012

legendary

Activity: 1792

Merit: 1111

Quote from: TERA on March 08, 2014, 03:52:41 AM

Is there selling now?

We only know the net increase/decrease, and there could be +/-100 of rounding error

TERA

hero member

Activity: 728

Merit: 500

Is there selling now?

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Great work jl2012.
Their total has now reached the 85k which Exante was reported to own in April last year.

jl2012

legendary

Activity: 1792

Merit: 1111

169XBT bought yesterday

jl2012

legendary

Activity: 1792

Merit: 1111

654XBT bought yesterday

jl2012

legendary

Activity: 1792

Merit: 1111

517XBT bought yesterday

jl2012

legendary

Activity: 1792

Merit: 1111

Updated with new calculation method. Please see OP for details.

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: jl2012 on March 03, 2014, 01:02:36 PM

Quote from: derpinheimer on March 03, 2014, 12:59:20 PM

Updates

?

150 on 28th Feb. I guess we may see something really interesting in the coming days

Not sure how these are normally calculated but I got about +800 for March 3?

And today I get -600? But I dont think im right..

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: jl2012 on March 03, 2014, 01:02:36 PM

Quote from: derpinheimer on March 03, 2014, 12:59:20 PM

Updates

?

150 on 28th Feb. I guess we may see something really interesting in the coming days

liquidity has started. i'm not sure how you're calculating these figures but that might have an impact

Topic: GBTC Bitcoin Investment Trust Observer - page 96. (Read 262357 times)