Sunday, March 24, 2013

Overview

Asset Information
Assets: 100 shares of LTC-GLOBAL
Shares Outstanding: 1000
NAV: 0.180 (based on the LTC-GLOBAL 7 day average price of 211.09 LTC)

Dividend Information
Dividends are now paid monthly

Management Fee
The management fee is now paid monthly.

Detailed information can be found here: https://docs.google.com/spreadsheet/ccc?key=0Am3m7aRNI-JbdElvTTc5Vmg3bUh2WDAwc2tsLU1JcEE

Commentary

The price of LTC-GLOBAL shares recovered somewhat after the price of LTC stopped rising and underwent a major correction, and the 7-day average price rose from 158.2 LTC to 211.09 LTC (+33%). On the other hand, the value of LTC ended it meteoric rise with a sudden fall from 0.147 BTC down to 0.00853 (-42%). So, in a complete reversal of the previous week, the NAV has fallen from 0.233 BTC to 0.180 BTC (-23%).

Please note that the NAV is only an estimation of the value of the shares. The trading volumes of both LTC-GLOBAL and BTC-TRADING-PT are low and the bid-ask spreads are very high, so the actual price of a share can vary quite a bit.

Changes to Weekly Report, Dividend Payment, and Fee Schedules

LTC-GLOBAL has decided to begin paying dividends on a regular schedule of once per month. As as result, BTC-TRADING-PT dividends will also be paid once per month, after the dividend from LTC-GLOBAL has been received. In the meantime, fund reports will continue to be published weekly until the next dividend is paid. After that, reports will be published monthly, coinciding with dividend payments. The management fee is unchanged at 1% of assets per year, but will now be paid at a rate of 0.083% monthly. Current fee waivers will still apply, but will be adjusted to account for the change to monthly dividends.

The exact schedule has yet to be determined.

Voting

For the last few months, the fund has made motions for voting on approval of securities on the LTC-GLOBAL and BTC-TC exchanges. This is a benefit and a responsibility of shareholders of LTC-GLOBAL that has been passed to the shareholders of BTC-TRADING-PT. The dramatic volatility in the LTC and BTC markets over the last few weeks has resulted in nearly all shares in the fund being sold back to John Galt. While public ownership has increased this week, very few votes were cast for the securities up for approval. As a result of the lack of participation, voting has been suspended for existing securities until the number of publicly-owned shares returns to a sufficient number to ensure a fair and effective vote. Voting will still be held for IPOs. In addition, the results of the motions voted on over the last three weeks will be invalidated, and the NO votes for LHCOIN and COGNITIVE will be changed to ABSTAIN.

Motions must pass by a margin of 100 shares to be approved (a YES vote), or fail by a margin of 100 shares to not be approved (a NO vote). Votes with a margin of less than 100 shares receive an ABSTAIN vote. The results of motions that receive less than 200 votes will not be considered valid.

Please note the earlier deadlines for IPOs. Voting on IPOs ends sooner than established securities because trading on a security cannot begin until the security is approved.

Sunday, March 24, 2013

Overview

Assets: 1 oz.
Shares Outstanding: 100
NAV: 0.2233
Basket Size: 100 shares

Commentary

The juggernaut known as bitcoin has resumed its incredible rise in value, this week going from $47.30 to $72.00 (+52.2%). The price of gold was woefully outgunned rising only slightly from $1596  to $1608 (+0.8%). The decline in the NAV resumed this week went, falling from 0.3373 BTC to 0.2233 BTC (-31.0%).

Sunday, March 17, 2013

Overview

Asset Information
Assets: 100 shares of LTC-GLOBAL
Shares Outstanding: 1000
NAV: 0.233 (based on the LTC-GLOBAL 7 day average price of 158.18 LTC)

200 shares of BTC-TRADING-PT were redeemed for 20 shares of LTC-GLOBAL

Dividend Information
Dividends are now paid monthly

Management Fee
The management fee is now paid monthly.

Detailed information can be found here: https://docs.google.com/spreadsheet/ccc?key=0Am3m7aRNI-JbdElvTTc5Vmg3bUh2WDAwc2tsLU1JcEE

Commentary

This week turned out to be a repeat of last week, extending the huge increase in the value of LTC relative to both BTC and USD.

The price of LTC-GLOBAL shares has fallen even more severely this week, probably due again to shareholders cashing out as a result of the big LTC price jump. The 7-day average price fell sharply from 320.5 LTC to 158.2 LTC (-51%). On the other hand, the value of LTC relative to BTC rose sharply from 0.0497 BTC to 0.147 BTC (+196%). So, despite the drop in asset value in terms of LTC, the NAV has has risen from 0.159 BTC to 0.233 (+47%).

Please note that the NAV is only an estimation of the value of the shares. The trading volumes of both LTC-GLOBAL and BTC-TRADING-PT are low and the bid-ask spreads are very high, so the actual price of a share can vary quite a bit.

Changes to Weekly Report, Dividend Payment, and Fee Schedules

LTC-GLOBAL has decided to begin paying dividends on a regular schedule of once per month. As as result, BTC-TRADING-PT dividends will also be paid once per month, after the dividend from LTC-GLOBAL has been received. In the meantime, fund reports will continue to be published weekly until the next dividend is paid. After that, reports will be published monthly, coinciding with dividend payments. The management fee is unchanged at 1% of assets per year, but will now be paid at a rate of 0.083% monthly. Current fee waivers will still apply, but will be adjusted to account for the change to monthly dividends.

The exact schedule has yet to be determined.

Voting

The fund has motions for voting on approval of the following securities. Motions must pass by a margin of 100 shares to be approved (a YES vote), or fail by a margin of 100 shares to not be approved (a NO vote). Votes with a margin of less than 100 shares receive an ABSTAIN vote. Motions that receive less than 100 votes will not be considered valid.

Please note the earlier deadlines for IPOs. Voting on IPOs ends sooner than established securities because trading on a security cannot begin until the security is approved.

Ticker	Exchange	Deadline	Notes
COG.F	BTC-TC	2013-03-21	IPO
LTC-GOLD	LTC-GLOBAL	2013-03-23
ESECURITY-SA	LTC-GLOBAL	2013-03-23
SYNERGY	BTC-TC	2013-03-23	Second try. Please vote
-
CRYPTO-TRADE	BTC-TC	2013-03-13	Abstain
CRYPTO-TRADE	LTC-GLOBAL	2013-03-13	Abstain
LHCOIN	LTC-GLOBAL	2013-03-13	Not approved: 1-150
COGNITIVE	BTC-TC	2013-03-15	Not approved: 20-135

Sunday, March 17, 2013

Overview

Assets: 1 oz.
Shares Outstanding: 100
NAV: 0.3373
Basket Size: 100 shares

Commentary

After the flash crash last week, BTC has risen back to the high 40's, rising from $43.39 to $47.30 (+9.0%). The price of gold was up slightly from $1582 to $1596 (+0.9%). The result was a decline in the NAV this week, falling from 0.3645 BTC to 0.3373 BTC (-7.5%).

Sunday, March 10, 2013

Overview

Asset Information
Assets: 120 shares of LTC-GLOBAL
Shares Outstanding: 1200
NAV: 0.1593 (based on the LTC-GLOBAL 7 day average price of 320.49 LTC)

Dividend Information
Weekly dividend: 0.07238 BTC
Weekly dividend (per share): 0.00006032 BTC
Weekly Yield: 0.04%
Annualized Yield: 1.97%

Management Fee
Normal Fee (%0.02 of assets): 7.69 LTC
Waived: 0.0 LTC
Fee Paid: 7.69 LTC

Detailed information can be found here: https://docs.google.com/spreadsheet/ccc?key=0Am3m7aRNI-JbdElvTTc5Vmg3bUh2WDAwc2tsLU1JcEE

Commentary

The big news for the week is the huge increase in the value of LTC relative to both BTC and USD. This increase has been reflected in both the NAV and the dividend.

The price of LTC-GLOBAL shares has fallen this week, primarily due to shareholders cashing out after the big LTC price jump, but also due to the continuing low demand for shares. The 7-day average price fell sharply from 368.6 LTC to 320.5 LTC (-13%). On the other hand, the value of LTC relative to BTC turned around has more than doubled, up from 0.00226 BTC to 0.00497 (+120%). So, despite the drop in asset value in terms of LTC, the NAV has has risen from 0.0833 BTC to 0.159 BTC (+91%). Please note that the NAV is only an estimation of the value of the shares. The trading volumes of both LTC-GLOBAL and BTC-TRADING-PT are low and the bid-ask spreads are very high, so the actual price of a share can vary quite a bit.

LTC-GLOBAL paid a dividend of 22.28 LTC. After subtracting the management fee and converting to BTC, the fund earned an income of 0.07238 BTC (0.00006032 BTC per share) that will be distributed as a dividend on Tuesday.

Weekly Reports and Dividend Payments

LTC-GLOBAL has decided to begin paying dividends on a regular schedule of once per month. As as result, dividends paid by BTC-TRADING-PT will also be changed to once per month. The schedule has yet to be determined. In the meantime, fund reports will continue to be published weekly until the next dividend is paid. After that, reports will be published monthly, coinciding with dividend payments. The management fee is unchanged at 1% of assets per year, but will now be paid at a rate of 0.083% monthly.

Voting

The fund has motions for voting on approval of the following securities. Motions must pass by a margin of 100 shares to be approved (a YES vote), or fail by a margin of 100 shares to not be approved (a NO vote). Votes with a margin of less than 100 shares receive an ABSTAIN vote.

Please note: There are several IPO securities up for a vote this week. These securities have earlier deadlines because approval is necessary to begin trading. Don't be late!

Ticker	Exchange	Deadline	Notes
CRYPTO-TRADE	BTC-TC	2013-03-13	IPO
CRYPTO-TRADE	LTC-GLOBAL	2013-03-13	IPO
LHCOIN	LTC-GLOBAL	2013-03-13	IPO
COGNITIVE	BTC-TC	2013-03-15
-
SYNERGY	BTC-TC	2013-03-09	Abstain
ASICMINER-PT	BTC-TC	2013-03-09	Abstain
AJM.MINING	LTC-GLOBAL	2013-03-09	Abstain
LTC-ATF	LTC-GLOBAL	2013-03-09	Abstain

None of the securities up for approval this week got more than 100 votes either way. This is probably related to the number of publicly-owned shares dropping significantly (below 400). The low number of shares makes approval of any security unlikely. So, if there are not enough votes this week, voting will be temporarily suspended until the number of publicly-owned shares has increased by at least 100.



EDIT: The decision to suspend voting due to low participation has been postponed.

Sunday, March 3, 2013

The price of LTC, both in USD and BTC has been extremely volatile today, rising more that 40% vs. BTC, including swings as big as 20% This activity is very unusual and has no obvious cause.

This volatility has a very big impact on the BTC-Trading Pass-Through Fund because the underlying assets (shares of LTC-GLOBAL) are traded using LTC, but BTC-TRADING-PT is denominated in BTC. As a result there have been very large changes in the price of BTC-TRADING-PT shares as a result of the changes in the relative price of the underlying assets.

As a side note, this volatility is affecting the prices of all securities on the LTC-GLOBAL exchange, as well as all LTC/BTC pass-through funds on all exchanges.

Until this activity subsides, please be careful. Please monitor your trades.

Sunday, March 3, 2013

Overview

Asset Information
Assets: 120 shares of LTC-GLOBAL
Shares Outstanding: 1200
NAV: 0.8330 (based on the LTC-GLOBAL 7 day average price of 368.57 LTC)

Dividend Information
Weekly dividend: 0.0 BTC (LTC-GLOBAL paid no dividends this week)
Weekly dividend (per share): 0.0 BTC
Weekly Yield: 0.00%
Annualized Yield: 0.00%

Management Fee
Normal Fee (%0.02 of assets): 8.85 LTC
Waived: 8.85 LTC
Fee Paid: 0.0 LTC

Detailed information can be found here: https://docs.google.com/spreadsheet/ccc?key=0Am3m7aRNI-JbdElvTTc5Vmg3bUh2WDAwc2tsLU1JcEE

Commentary

Demand for LTC-GLOBAL shares has fallen and volume remains low. The 7-day average price has risen only slightly, going from 361.1 LTC to 368.6 LTC (2.1%). In addition, the value of LTC relative to BTC has continued to fall, now down to 0.00226 BTC. The result is that the NAV has continued to fall, dropping from 0.0878 BTC to 0.0833 BTC (-5.1%). Please note that the NAV is only an estimation of the value of the shares. The trading volumes of both LTC-GLOBAL and BTC-TRADING-PT are low and the bid-ask spreads are very high, so the actual prices of a shares can vary quite a bit.

LTC-GLOBAL paid no dividend this week. These intermittent dividends are inconvenient. I will be asking burnside to start paying dividends regularly, perhaps monthly.

Voting

The fund has motions for voting on approval of the following securities. Motions must pass by a margin of 100 shares to be approved (a YES vote), or fail by a margin of 100 shares to not be approved (a NO vote). Votes with a margin of less than 100 shares receive an ABSTAIN vote.

Ticker	Exchange	Deadline	Notes
SYNERGY	BTC-TC	2013-03-09
ASICMINER-PT	BTC-TC	2013-03-09	IPO
AJM.MINING	LTC-GLOBAL	2013-03-09
LTC-ATF	LTC-GLOBAL	2013-03-09
-
BASIC-MINING	BTC-TC	2013-03-02	Approved: 689-1
ESECURITY-SA2	LTC-GLOBAL	2013-03-02	Abstain
TRIPLE-B-MINING	LTC-GLOBAL	2013-02-28	Abstain

Sunday, March 3, 2013

Overview

Assets: 1 oz.
Shares Outstanding: 100
NAV: 0.4605
Basket Size: 100 shares

Commentary

Although the price of BTC seemed to pause at the end of the week, it still went from from $31.49 to $34.36 (+9.1%). The price of gold was a littlle volatile this week also, but ended up rising only slightly from $1576 to $1582 (+0.4%). The result was yet another decline in the NAV this week, falling from 0.5006 BTC to 0.4605 BTC (-8.0%).

Sunday, March 2, 2013

Overview

Assets: 1 oz.
Shares Outstanding: 1000
NAV: 21.0967 LTC
Basket Size: 1000 shares

Commentary

The price of gold this week was a little volatile but ended up rising only slightly from $1576 to $1582 (+0.4%). Meanwhile the price of LTC hit bottom at the beginning of the period and rose very strongly throughout the week. It ended up at $0.075, up from last week's $0.0682 (+10.0%). The result was big drop in the NAV from 23.1 to 21.1 (-8.7%).

Please note: This is the last update that will be posted in this forum.
Updates will continue to be posted in the Litecoin forum here: http://forum.litecoin.net/index.php/topic,780.0.html

Sunday, February 24, 2013

Overview

Asset Information
Assets: 120 shares of LTC-GLOBAL
Shares Outstanding: 1200
NAV: BTC 0.10774 (Based on the LTC-GLOBAL 7 day average price of 361.11 LTC)

10 shares of LTC-GLOBAL were deposited into the fund in exchange for 100 shares of BTC-TRADING-PT. This transaction did not the dilute the value of the shares or change the amount of the dividend per share.

Dividend Information
Weekly dividend: BTC 0.05934
Weekly dividend (per share): BTC0.00004945
Weekly Yield: 0.06%
Annualized Yield: 2.93%

Management Fee
Normal Fee (%0.02 of assets): 8.67 LTC
Waived: 0.0 LTC
Fee Paid: 8.67 LTC

Detailed information can be found here: https://docs.google.com/spreadsheet/ccc?key=0Am3m7aRNI-JbdElvTTc5Vmg3bUh2WDAwc2tsLU1JcEE

Commentary

Demand for LTC-GLOBAL shares has fallen and volume remains low. The 7-day average price has risen from 375.4 LTC to 361.1 (-3.8%). In addition, the value of LTC relative to BTC fell sharply to BTC 0.00243. The result is that the NAV has dropped from BTC 0.1080 to BTC 0.0878 (-18.7%). Please note that the NAV is only an estimation of the value of the shares. The trading volumes of both LTC-GLOBAL and BTC-TRADING-PT are low and the bid-ask spreads are very high, so the actual prices of a shares can vary quite a bit.

LTC-GLOBAL paid a decent dividend this week and this has been passed on to shareholders (after conversion to BTC). The fund's dividend for this week was BTC 0.00004945 per share, or 0.06% weekly yield (2.93% annualized).

Voting

The fund has motions for voting on approval of the following securities. Motions must pass by a margin of 100 shares to be approved (a YES vote), or fail by a margin of 100 shares to not be approved (a NO vote). Votes within a margin of 100 shares receive an ABSTAIN vote.

Ticker	Exchange	Deadline	Notes
BASIC-MINING	BTC-TC	2013-03-02
ESECURITY-SA2	LTC-GLOBAL	2013-03-02
TRIPLE-B-MINING	LTC-GLOBAL	2013-02-28
-
LTC-DMF	LTC-GLOBAL	2013-02-23	Approved: 755-9
LTC-ARCADE	LTC-GLOBAL	2013-02-23	Not approved: 15-749
BTC-MINING	BTC-TC	2013-02-23	Abstain
S.WIHEE	LTC-GLOBAL	2013-02-22	Abstain
S.MPOE-PT	LTC-GLOBAL	2013-02-22	Abstain
COGNITIVE-PT	LTC-GLOBAL	2013-02-18	Approved: 646-150

Sunday, February 24, 2013

Overview

Assets: 1 oz.
Shares Outstanding: 100
NAV: BTC 0.5006
Basket Size: 100 shares

Commentary

The continuing rise in the price of BTC, from $27.03 to the nosebleed price of $31.49 (+16.5%), combined with a small drop in the price of gold, from $1612 to $1576 (-2.2%), has resulted in another dramatic decline in the NAV this week, falling from from BTC 0.5965 to BTC 0.5006 (-16.1%). It remains to be seen how long this swiftly rising price of BTC can be sustained. Gold has not performed well for while, now. Perhaps a recovery is due.

Sunday, February 24, 2013

Overview

Assets: 1 oz.
Shares Outstanding: 1000
NAV: 23.1247 LTC
Basket Size: 1000 shares

Commentary

Despite a small drop in the price of gold from $1612 to $1576 (-2.2%), the NAV rose strongly from 21.6 LTC to 23.1 LTC (+6.9%). This is primarily due to the continuing fall in the price of LTC, this week dropping from $0.0745 to $0.0682 (-8.5%).

Feature requests:

Please add an indicator that shows when voting for a motion is done. Shareholders can tell because the voting buttons are there, but everybody else (especially the issuer) has to look at the dates.

Also, a way to edit a motion might be useful (with restrictions, of course).

Saturday, February 16, 2013

Overview

Assets: 1 oz.
Shares Outstanding: 1000
NAV: 21.6473 LTC
Basket Size: 1000 shares

Commentary

The small drop in the NAV  from 21.7 LTC to 21.6 LTC (-0.5%) hides the volatility this week in both the LTC and gold markets. After starting the week at $0.0767, the price of LTC continued its steep rise up to around $0.0810, but ultimately fell back to $0.0745 (-2.9%). Meanwhile, the price of gold has fallen moderately from $1668 to $1612 (-3.4%).

Sunday, February 17, 2013

Overview

Assets: 1 oz.
Shares Outstanding: 100
NAV: BTC 0.5965
Basket Size: 100 shares

Commentary

The combination of the skyrocketing price of BTC, from $22.43 to $27.03 (+20.5%), and a moderate fall in the price of gold, from $1668 to $1612 (-3.4%), has resulted in a dramatic decline in the NAV this week, falling from from BTC 0.7437 to BTC 0.5965 (-19.8%).

Sunday, February 17, 2013

Overview

Asset Information
Assets: 110 shares of LTC-GLOBAL
Shares Outstanding: 1100
NAV: BTC 0.10774 (Based on the LTC-GLOBAL 7 day average price of 375.4 LTC)

Dividend Information
Weekly dividend: BTC 0.16642
Weekly dividend (per share): BTC0.00015129
Weekly Yield: 0.14%
Annualized Yield: 7.30%

Management Fee
Normal Fee (%0.02 of assets): 8.2588 LTC
Waived: 0.0 LTC
Fee Paid: 8.2588 LTC

Detailed information can be found here: https://docs.google.com/spreadsheet/ccc?key=0Am3m7aRNI-JbdElvTTc5Vmg3bUh2WDAwc2tsLU1JcEE

Commentary

Demand for LTC-GLOBAL shares has been high although volume continues to be low. The 7-day average price has risen from 347.17 LTC to 375.4 LTC (+8.1%). Despite that, the value of LTC relative to BTC fell sharply, and the NAV dropped from BTC 0.121 to BTC 0.108 (-10.7%) as a result. Please note that the NAV is only an estimation of the value of the shares. The trading volume is low and the bid-ask spread is very high, so the actual price of a share can vary quite a bit.

LTC-GLOBAL paid a large dividend this week, making up for the lack of a dividend last week. The fund's dividend for this week was BTC 0.00015129 per share, or 0.14% weekly yield (7.30% annualized).

Voting

The fund has motions for voting on approval of the following securities. Please don't want until the last minute to vote because the exchange may not display the dates correctly, and you may be too late.

Ticker	Exchange	Deadline	Notes
LTC-DMF	LTC-GLOBAL	2013-02-23
LTC-ARCADE	LTC-GLOBAL	2013-02-23
BTC-MINING	BTC-TC	2013-02-23
S.WIHEE	LTC-GLOBAL	2013-02-22	IPO
S.MPOE-PT	LTC-GLOBAL	2013-02-22	IPO. Note: Same name, different issuer, different exchange.
COGNITIVE-PT	LTC-GLOBAL	2013-02-18	IPO
-
LTC-ATF.B1	LTC-GLOBAL	2013-02-16	Approved: 749-31
ART	LTC-GLOBAL	2013-02-16	Not approved: 40-159
BITVPS	BTC-TC	2013-02-11	Abstained
S.BBET-PT	BTC-TC	2013-02-11	Approved: 805-0
S.DICE-PT	BTC-TC	2013-02-11	Abstained
S.MPOE-PT	BTC-TC	2013-02-11	Approved: 805-0

Any coin collectors? This is a great coin!

Is there any interest? This is an awesome coin! It is very hard to obtain.

I am selling this 1 oz. .9999 gold bullion bar minted by PAMP, a prestigious mint in Switzerland. The bar is still in its original packaging.


Price: , plus shipping (BTC0.2 - BTC1.0, depending on how you want it shipped). The price varies depending on the spot price of gold and BTC at the time of sale.

Escrow is accepted. Shipping to U.S. only.

Previous sale: 5 1 oz gold coins for sale https://bitcointalk.org/index.php?topic=127500.0

Other sales:
1 ounce 1986 Gold Panda bullion coin https://bitcointalk.org/index.php?topic=141895.0
1 ounce 2000 Gold Lunar Dragon coin https://bitcointalk.org/index.php?topic=142282.0

There was a mix-up. I accidentally tried to sell a bar that wasn't mine. I was selling B052203, when I should have been selling B041851. The details are here: https://bitcointalk.org/index.php?topic=133556.msg1519371#msg1519371