GBTC bids up to $40 per share now

[hector3115]

Which represents a tenth of a bitcoin.  I think they start to trade around $45-50 maybe next week.  Could open the flood gates once it starts trading.

[_AquaRegia]

Well if its not trading, then it has no effect on the market really.
And if it does, the bids not are only for 10BTC, which is not much compared to the real exchanges, unless we see some major volume on GBTC

[bittyfree]

May I ask what GBTC is?

[minerpumpkin]

Which represents a tenth of a bitcoin.  I think they start to trade around $45-50 maybe next week.  Could open the flood gates once it starts trading.

If those bids really are legitimate and not only placeholders. Some people suggested that they could be mere placeholders and no real bids whatsoever. I mean $40/share would be a 100% markup on a Bitcoin at spot prices. It could be bids to get things going, but they're no 'real' bids, as in "people are willing to pay that much using the ETF"

[WhatTheGox]

Which represents a tenth of a bitcoin.  I think they start to trade around $45-50 maybe next week.  Could open the flood gates once it starts trading.

This should defo help the market we just need a few super whales to jump in with a few mils and pump this thing.  Some crazy bastard wll do it, just have to wait and keep hodling.