Quote from: arivar on May 05, 2015, 03:02:22 PM

Quote from: TakeTheSkyRoad on May 05, 2015, 02:40:53 PM

I think to see full details and without the 15 min delay you'll have to pay for access.

This should be an interesting week as this develops, I had hoped this would have been last week but I'd obviously underestimated how long it takes to get shares through the process it takes to put them up with an Ask price.

However consider that BIT is limited to "high net worth" investors and if I was someone with a long term interest in holding say 10,000 already matured shares as a small % over my portfolio I would be tempted to :
1) Buy 10,000 new shares at the current market rate (1,000 BTC x $235 = $235,000)
2) Sell 10,000 matured shares at the best GBTC rate I can get (say avg. 10,000 shares x $40 = $400,000)
3) Bank Profit ($165,000)
4) Hold the 10,000 new shares for 1 year (again)

This assumes anyone investing has money in the bank they can spend immediately and they don't need to wait to sell their existing shares before they buy new shares.

How would you do step 2 ? Are you considering that the person in this example is already holding BIT shares for 1 year ?

Yes, sorry if that wasn't clear !

This is someone who has 10,000 shares already and wants to continue holding 10,000 shares long term.