Quote from: DeathAndTaxes on July 02, 2013, 12:05:02 AM

Quote from: CurbsideProphet on July 01, 2013, 11:55:20 PM

Quote from: the founder on July 01, 2013, 10:58:26 PM

Now your 401k can invest in bitcoins, retirement funds, every wall street trader... this is opening floodgates.

It's still for the rich. You're going to need about a million to invest, give or take depending on where the price goes.

Quote

On the first day of trading, each Share in the initial Baskets was comprised of [0.20] Bitcoins, and each initial Basket was made up of [10,000] Bitcoins.

They're only selling them in "baskets" so the minimum purchase is 10,000 BTC.

No you are mistaken. The basket is 10,000 shares = 2000 BTC but the purpose of the basket is merely to fund the IPO. This is a PUBLIC offering on NASDAQ. Once it goes public anyone with a brokerage account could buy any amount even a single share.

Really this is no different than Gold trust for example. To issue new shares or redeem existing shares requires a basket of thousands of shares however you can right now login to your brokerage account and TRADE (not ISSUE or REDEEM) a single share if you want. The ability to issue or redeem baskets of shares allows the fund to remain balanced.

For the record as far as I can tell this is just a preliminary filling, with numerous omissions, also I do not see anywhere where it states the exchange and definitely does not state nasdaq as the exchange.