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Title: The Bitcoin Fund [Hedge Fund] Post by: BldSwtTrs on November 25, 2013, 03:26:15 PM https://exante.eu/press/news/397/
First of all, why every body was talking about Bitcoin Investment Trust but nobody was talking about this hedge fund? Then they say they have $35 million under management. Let's assume a 50$ per BTC average price. Am I mistaken if I make the following calculation : 35 000 000 / 50 = 700 000 BTC Do they really have ~700k BTC or do I make a error logic somewhere? Title: Re: The Bitcoin Fund [Hedge Fund] Post by: ElectricMucus on November 25, 2013, 03:31:45 PM sounds legit. :D
www.financemalta.org Title: Re: The Bitcoin Fund [Hedge Fund] Post by: ElectricMucus on November 25, 2013, 03:40:39 PM What if this "fund" is simply a bucket shop and the "security" is simply pegged to the price of BTC?
Title: Re: The Bitcoin Fund [Hedge Fund] Post by: BldSwtTrs on November 25, 2013, 03:43:11 PM sounds legit. :D Financemalta.org simply relates the news.www.financemalta.org But the broker https://exante.eu/ do look legit and the Bloomberg capture too. I find this news too : http://www.forbes.com/sites/jonmatonis/2013/03/08/first-bitcoin-hedge-fund-launches-from-malta/ Title: Re: The Bitcoin Fund [Hedge Fund] Post by: BldSwtTrs on November 25, 2013, 03:44:50 PM Then they say they have $35 million under management. Let's assume a 50$ per BTC average price. Am I mistaken if I make the following calculation : 35 000 000 / 50 = 700 000 BTC Do they really have ~700k BTC or do I make a error logic somewhere? You do. 1 BTC =~ $800 today. 35 000 000 / 800 = 43750 TC Title: Re: The Bitcoin Fund [Hedge Fund] Post by: BldSwtTrs on November 25, 2013, 03:51:30 PM Then they say they have $35 million under management. Let's assume a 50$ per BTC average price. Am I mistaken if I make the following calculation : 35 000 000 / 50 = 700 000 BTC Do they really have ~700k BTC or do I make a error logic somewhere? You do. 1 BTC =~ $800 today. 35 000 000 / 800 = 43750 TC Quote The Bitcoin Fund’s assets under management currently total over $35 million. Which word of this sentence do you currently not understand ? The net assue value is caculated like that : number of assets * market price of assets - cost And my understanding was that actif under mangament is the money people confide to the fund. So if their actif under management is $35m that's mean they have bought BTC with $35m since late 2012. Title: Re: The Bitcoin Fund [Hedge Fund] Post by: ElectricMucus on November 25, 2013, 04:22:15 PM The fun part about it, you can provide cryptographic proof of access to a bitcoin wallet.
They can claim what they want of course ;D Title: Re: The Bitcoin Fund [Hedge Fund] Post by: BitchicksHusband on November 25, 2013, 05:46:40 PM Quote “the U.S. jurisdiction is tricky.” This is mostly due to the securities registration that the company is currently not prepared to complete and more recently the FATCA reporting implications for foreign financial institutions. Thanks, feds. Pretty soon the whole world will have moved on without us. |