The assets of the BTC-Trading Pass-Through Fund have been distributed to shareholders. The fund is now closed.

I wish it didn't have to end like this, but it was fun while it lasted.


If you have any questions, you can email me at john.galt.asset.management@gmail.com.

The assets of the BTC-Trading Pass-Through Fund will be distributed to shareholders in less than 24 hours.

Please contact me immediately if you want your share of the distribution sent to an address other than your public address on record.



John Galt Asset Management

- I bought them in bulk with the intention of selling them individually.
- The coins were bought directly from Casascius. I put each coin in an air-tite capsule untouched.
- Asking price is in the first post.
- I only ship to the USA.

Precious metal dealers are also subject to AML/KYC regulations.

I am happy to answer your questions and address your concerns.

The 44 LITECOIN-GLOBAL shares owned by the fund were sold back to Burnside at the price of 20 LTC per share, or a total of 880 LTC. At the time of the liquidation, 1 LTC = 0.0125 BTC, so the 880 LTC were immediately converted to 11 BTC.

This is a bitcoin-denominated fund and only holds or transacts in bitcoins. The fund avoids LTC/BTC exchange rate risk by immediately converting from LTC to BTC. This is the safest policy because I can neither control the exchange rate nor predict it.

The fund now has 11 BTC. The fund consists of 440 shares, so each share gets 0.025 BTC.

I am sorry that you have to wait. The reason for the 30 days is to allow each shareholder enough time to ensure that their bitcoin address is correct, and that they have enough time to fix it if not.

If you wish to receive your distribution earlier, please send me an email from the email address associated with your BTC-TC account and sign it using the the public address associated with your BTC-TC account. Both the email address and the bitcoin address are in the email that was sent to you. Your email should include the information that I sent you and state that it is correct. Please keep in mind that there are many shareholders and processing these emails will take time.



John Galt Asset Management

The assets of BTC-TRADING-PT have been liquidated. The remaining 44 shares of LTC-GLOBAL were sold back to Burnside for 11 BTC. I feel that this is the best (if not the only) offer that we will receive for these shares.

There are 440 shares of BTC-TRADING-PT outstanding, so each share will receive a final distribution of 0.025 BTC each.

I will send an email to each shareholder showing the number of shares held, the amount of the distribution, and the payment address. If there is anything wrong with your information, you will need to contact me immediately. Once the final distribution is sent, it is final and irreversible. Several people have not supplied a payment address. They will not receive a distribution.


John Galt Asset Management

At this point, I consider your offer to be the best that can ever be expected.

I would appreciate it if you sent that info to BTC-TRADING-PT shareholders.


John Galt Asset Management

In short, there is nothing new to report.

The fund still owns a number of shares of LTC-GLOBAL and we are waiting for Burnside to determine the remaining value (if any) and to make a final distribution to shareholders. When this happens, the fund will pass the final distribution along to its shareholders and will close. If it is determined that the LTC-GLOBAL shares owned by the fund have no value, the fund will simply close. If there is an opportunity to liquidate the fund's LTC-GLOBAL shares, it will be evaluated.


If you have any questions, feel free to send me an email or a PM.


John Galt Asset Management

I don't think dollars are relevant because I'm selling bitcoins that were bought with bitcoins and are sold for bitcoins. But, if you want to think in dollars, then look at it this way: I am losing more than $100 (0.25 BTC plus costs) on each coin.

PM sent.

If paid now, the current price of gold is $1283.40, so the Panda would cost about $1348. Bitstamp exchange rate is currently $338.

Shipping via priority mail is about $6.00 (registered mail would add $17).

Item	Cost	BTC
Coin	$1348	3.987
Shipping	$6.00	0.018
--------	-----	-----
Total	$1354	4.005

I am selling the following gold bullion bars and coin:

PAMP 1 oz. gold bar #B041851 -- spot + 1%
PAMP 1 oz. gold bar #B052203 -- spot + 1%
Perth Mint 1 oz. gold bar #26156 -- spot + 1%
1 oz gold 1986 Panda coin -- spot + 5%

Payable in BTC determined at the time of payment. Escrow is fine.

All items are in the original mint packaging.

Shipping: Method of your choice. U.S. only. The cost of shipping will be added to the sale amount.


Past sales for reference:
1 oz. gold coins: https://bitcointalk.org/index.php?topic=127500.0
Casascius 1 BTC and 5 BTC coins: https://bitcointalk.org/index.php?topic=176117.0

Other current sales:
Casascius 0.5 BTC coins: https://bitcointalk.org/index.php?topic=223033.0
Casascius Silver 1 BTC coins: https://bitcointalk.org/index.php?topic=319521.0





Click on the images for higher resolution.

I have several only one remaining sold out of the new Casascius gold-plated Silver 1 BTC Physical Bitcoins for sale. Each coin contains 1 troy ounce of 0.999 fine silver and has the private key for 1 BTC behind the hologram on the back. Each coin also comes in an Airtite capsule. I used cotton gloves to handle the coins, so none of the coins were touched by me.



Send me a PM or post in this thread if you are interested.

Past sales for reference:
0.5 BTC coins: https://bitcointalk.org/index.php?topic=223033.0
1 BTC and 5 BTC coins: https://bitcointalk.org/index.php?topic=176117.0
1 oz. gold coins: https://bitcointalk.org/index.php?topic=127500.0

Mine is bare. Some kind of cloth or leather sleeve would be nice.

Here are the options for BTC-TRADING-PT shareholders:

• 1. Sell your shares on BTC-TC (currently at approximately 2 LTC each) until trading is halted.
• 2. Redeem 10 shares for 1 share of LTC-GLOBAL until the exchange closes.
• 3. Wait for a disposition of the shares after the exchange closes and receive any remaining value.

I need to clarify. The fund will continue to hold its assets after the exchange has closed. Any distributions to the fund will be passed on to shareholders of this fund even after trading has been halted and the exchange has been closed. However, sometime after the exchange closes on October 31, I plan to liquidate the fund's assets (if possible) and distribute the proceeds to shareholders. The exchange does have assets of value, but the value of those assets has yet to be determined.

Here are your options:

• 1. Sell your shares on BTC-TC (currently at approximately 2 LTC each) until trading is halted.
• 2. Redeem 10 shares for 1 share of LTC-GLOBAL until the exchange closes.
• 3. Wait for a disposition of the shares after the exchange closes and receive any remaining value.

Edit: As of October 8, options #1 and #2 and no longer available.


If you have any questions, feel free to send me an email or a PM.


John Galt Asset Management

Well, it was fun ...

Due the upcoming closure of the BTC-TC exchange, this fund will also be closing. Trading will remain open until trading is halted on the exchange.

BTC-TRADING-PT holds 130 shares of LTC-GLOBAL and these share constitute 100% of its assets. The closure of the LTC-GLOBAL and BTC-TC exchanges affects the value of the LTC-GLOBAL shares, and thus the value of the fund's shares. The value of the shares of the fund will be difficult to determine until the dust settles, and it is possible that the value will be 0.

Any distribution to LTC-GLOBAL shareholders will be passed on to shareholders of the fund as soon as possible after it is received. If you have not registered a BTC address with the exchange, you must do that now. Any distributions by the fund after the exchange has closed will be made to these addresses only.

For those that have an account on LTC-GLOBAL and want to own LTC-GLOBAL shares directly, the exchange of the fund's shares for LTC-GLOBAL shares is still open. There will be no fee. 10 shares of BTC-TRADING-PT can be exchanged for 1 share of LTC-GLOBAL.

If you have any questions, feel free to send me an email or a PM.


John Galt Asset Management

Mabsark,

Rannasha's answers are accurate, although I disagree with his belief that the stock is overpriced. The exchanges are growing and I believe they will continue to grow. Increasing profits justify a higher price.

I don't provide a history because that information can be obtained elsewhere already (including in this thread), and because I'm lazy.

BTC-TRADING-PT is passive and only hold shares of LTC-GLOBAL. Its price closely follows the price of LTC-GLOBAL, but it is denominated in BTC. Ignoring recent events, it has dropped over the last several weeks because the price of LTC in terms of BTC has been falling (20% or so).

Here are the results of recent voting:

Ticker	Exchange	Result (Yes-No)
COMINING	LTC-GLOBAL	Abstained 180-115
HOSTED-MINING	LTC-GLOBAL	Abstained 181-115
CIPHERMINE-PT	BTC-TC	Approved 293-4
CIPHERMINE.B1	BTC-TC	Approved 150-48
TAT.NEOBEE	BTC-TC	Approved 387-48
ET-DIFF	BTC-TC	Abstain 137-88