Quote from: Norway on May 05, 2015, 05:26:14 PM

Quote from: sleger on May 05, 2015, 05:22:46 PM

Quote from: Norway on May 05, 2015, 05:19:49 PM

Quote from: chriswilmer on May 05, 2015, 05:13:24 PM

Quote from: gizmoh on May 05, 2015, 05:11:17 PM

Who would not want to sell 41 btc at $600 a piece? Cheesy

http://www.otcmarkets.com/stock/GBTC/quote

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.

That is incorrect, Citadel here is acting as a broker, they are not the one buying, they are executing orders on behalf of someone else (like Ameritrade, eTrade etc...)

What do you mean I'm incorrect? Be specific please.

You are trying to fud people to believe that it's Citadel itself buying GBTC as a big deal, which is incorrect!