Post
Topic
Board Speculation
Re: SecondMarket Bitcoin Investment Trust Observer
by
chriswen
on 02/04/2015, 00:44:21 UTC

from the article 1 unit = 1 share


didn't see this in the article ?  

Quote
Although trading has not begun for the fund, there are already several pending orders, Sonnenshein said, with the lowest bid at $20 and the highest topping $35. The latter offer would value a bitcoin at more than $350. The cryptocurrency traded around $244 Monday afternoon.

if 1 share = 0,1 btc, then 1 unit has to be 1 share

I'm quite sure 1 unit is 1 share.  But the question wasn't about the bid price but the bid depth on otcmarkets.