Can I Arbitrage GBTC ?

[bitbob82]

Hello

Since GBTC is $500 each and other BTC exchange is $250 each, can I buy from BTC exchange and sell it to the GBTC ?

If can, then how ?

If cannot, then why ??


Please, anyone

[Jettison86]

Hello

Since GBTC is $500 each and other BTC exchange is $250 each, can I buy from BTC exchange and sell it to the GBTC ?

If can, then how ?

If cannot, then why ??


Please, anyone

No, because you're buying SHARES not bitcoins.

[bitbob82]

Hello

Since GBTC is $500 each and other BTC exchange is $250 each, can I buy from BTC exchange and sell it to the GBTC ?

If can, then how ?

If cannot, then why ??


Please, anyone

No, because you're buying SHARES not bitcoins.

Sorry, but I still do not understand, who is selling right now? how did they acquire the share to sell? and why dont the buyer buy cheap $250 instead of buy expensive $500 ?

[electerium]

hi bob

do some homework

[WhatTheGox]

What time does gbtc trading open and close daily? also is it open on the weekend?

lol it seems kinda funny that you cant trade 24/7 in tradition markets after being used to btc trading.

[chriswen]

You can not arbitrage GBTC.  If you want to create GBTC shares you need to wait 12 months.

In this sense, GBTC supply is quite limited.

[Amph]

Hello

Since GBTC is $500 each and other BTC exchange is $250 each, can I buy from BTC exchange and sell it to the GBTC ?

If can, then how ?

If cannot, then why ??


Please, anyone

No, because you're buying SHARES not bitcoins.

Sorry, but I still do not understand, who is selling right now? how did they acquire the share to sell? and why dont the buyer buy cheap $250 instead of buy expensive $500 ?

read here http://bitcoinist.net/gbtc-bitcoin-investment-fund-live/

they are two different thing, gbtc where create for those who don't want to deal with all the hassles of bitcoin

the price is higher because they are speculating on it, in other words the demand is higher for now

[Serpens66]

I asked basically the same, and here is the short answer:
https://bitcointalk.org/index.php?topic=1052139.msg11302416#msg11302416