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.
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.
I thought that was clear already : Citadel is not the bidder.
Citadel is the bidder. On the list of bidders. They are hedgefund managers. They buy on behalf of their clients. You probably just read me wrong, no problem
