Quote from: Alley on May 08, 2015, 08:44:41 PM

Quote from: bitbouillion on May 08, 2015, 08:35:45 PM

Quote

BITCOIN INVT TR (GBTC) -Other OTC
49.00 Up 9.00(22.50%) 3:57PM EDT
Prev Close:   40.00
Open:   50.00
Volume:   14,807

Why would one buy a BTC for $490, when the price on US-regulated exchanges is $244?

Why is this same question asked every day?

Because there is no satisfying answer yet?

The tax argument is invalid.

As soon as COIN is trading, the ETF will buy and sell BTCs on a daily basis (since it is an open fund). COIN price will be connected to BTC price. So why would someone pay a 100% premium for GBTC?

Maybe some who speculate that the BTC price will be way above $500, when COIN launches and is unable to buy BTC on an exchange now?

Or just gambling with a low liquidity stock to make some bucks?