Re: What if Winklevoss' bitcoin ETF would be the same as Barry Silbert's GBTC
1. GBTC holders are still unable to access their shares from their trading account thus the absence of any trade so far.
2. There are no buy orders because there are no sell orders. Supply creates demand.
1: Why? 12 months has already passed.
2: NO, There are 6 bids for total 750 shares (less than 75 bitcoins), i guess that's all demands it has
1.
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All that's left is for BIT shares (which trade at ticker symbol "GBTC") to be moved into shareholders' brokerage accounts, a process that should be finished by next week, and "then it's up to them if they will sell," Silbert said.
http://www.cnbc.com/id/102549768It's a new security. The shares have simply not been credited to their owners trading account yet.
2. What part of supply creates demand did you not understand. Maybe people are just not interested in placing blind orders before shares are even put on the market.
We'll see how many bids will there be "next week"
