Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
My mind is boggled. That's about $25,000... so it meets the minimum bid requirements for the BIT. You can immediately arbitrage that if you re-buy the BIT. *argh*!
This is just playing / probing to these guys. Let's take a look at one of the bidders, Citadel. From Wikipedia:
"Citadel is the eleventh largest hedge fund manager in the world, and the second largest multi-strategy hedge fund manager in the world."
But keep in mind that the total volume of matured GBTC stocks is less than 150,000 bitcoin. Not much in the big picture.