Post
Topic
Board Speculation
Re: SecondMarket Bitcoin Investment Trust Observer
by
bobabouey2
on 27/04/2015, 21:32:49 UTC
based on what you read / your understanding of the documents,  what do you expect turn around time to be?
They don't indicate timeframes per se but I am guessing it might take 5 business days or even more until I can actually post a sell.  I did not see any obvious ways to take advantage of the techniques to speed things up, e.g. pay for wire transfers, etc.  Then again I am not interested in selling at this time.  I suppose I could sell a small amount just to prove that it works.

Again, these are just some of my Roth IRA funds; I also have non-retirement Bitcoins that I hold in a few different wallets myself; easy enough.  Unfortunately holding Bitcoin in retirement accounts is not easy ... yet.  To do so I am obliged to trust a custodian although I haven't finished investigating the so-called self-directed checking-IRA.

From looking at your form, there is an expedited option that, so a motivated seller could be ready to trade much sooner than 5 days.

Also, I am wondering if your situation is a little more complicated as you are dealing with an IRA.  Someone holding directly and transferring to a broker may be able to do things quicker.