they are massively collecting - why?
I always assume these guys have better information than we do but maybe they only buy because stuff is cheap
Aren't they just basically a means for wealthy investors to get in? Perhaps we're starting to see the beginning of more rich folks transferring wealth into BTC.I always assume these guys have better information than we do but maybe they only buy because stuff is cheap
The last two buys are deduced from changes in the published total USD value of the bitcoins owned by the fund (TAV column; "Net Assets" item in their homepage) and the current bitcoin price. Each estimated buy corresponds, withing the range of error, to a round 2.5 million USD of investment by clients. The round numbers and isolated increases may indicate that a single client made both investments.
Yes, I believe this has been either one or 2 large buyers. That's what this vehicle is for and that's quite exciting
Indeed. Because the type of people who invest in secondmarket have deep pocket. In this ridiculously thin market a couple of dozen people with deep pockets competing for coins drive it stratospheric.