GBTC Bitcoin Investment Trust Observer

[jl2012]

Since the BIT has stopped reporting the daily total assets value, it is not possible to update the table daily like before. Instead, it will be updated with a different style, mainly to show the actual or estimated Bitcoin holding the BIT. Previous data are still available at https://bitcointalk.org/index.php?topic=337486.msg3620848#msg3620848

Method:
1. Figures of Net asset value (NAV), total assets value (TAV), Total Share Outstanding, and XBT per Share are taken from http://www.bitcointrust.co/ or http://grayscale.co/bitcoin-investment-trust/
2. Total XBT holding = Total Share Outstanding * XBT per Share

* XBT is the unofficial ISO4217 code for bitcoin (http://en.wikipedia.org/wiki/ISO_4217#Without_currency_code)

** Estimated figures are subject to rounding error.

*** Negative figures could be due to rounding error.

Valuation	NAV	TAV	Total	XBT	Total
Date	($)	(M$)	Share	per Share	XBT
20151231	40.65	60.01	1,476,500	0.09556465	141,102
20151130	35.89	51.36	1,430,800	0.09572712	136,966
20151030	31.15	44.36	1,424,200	0.09588987	136,566
20150930	22.73	32.13	1,412,000	0.09604763	135,619
20150831	22.04	31.10	1,410,800	0.09620565	135,727
20150731	27.48	38.74	1,409,500	0.09636921	135,832
20150630	25.31	35.58	1,405,500	0.09653305	135,677
20150531	22.86	32.11	1,404,800	0.09669187	135,833
20150430	22.46	31.32	1,394,600	0.09685626	135,076

[jl2012]

Since the BIT has stopped reporting the daily total assets value, the daily update of this thread is stopped. The data before May 2015 is kept here for record.

__________________________

This thread is to follow the NAV and the estimated XBT holding of the SecondMarket Bitcoin Investment Trust. All information could be found on the BIT webpage (http://www.bitcointrust.co/).

This will be constantly maintained. Please consider to donate if you like this table.

Warning: all raw data was publicly available on BIT website. It is suspected that they occasionally provides faulty data. Interpret the data with cautious, especially when there is a big movement in total bitcoin holding.

Method:
1. Figures of Net asset value (NAV) and total assets value (TAV) are taken from http://www.bitcointrust.co/ or http://grayscale.co/bitcoin-investment-trust/
2. Actual Bitcoin holding (ABH) is published occasionally on http://www.bitcointrust.co/ (within the investor presentation)
3. Raw estimated Bitcoin holding (REBH) = TAV / NAV * 0.1
4. Normalization factor (NF) = ABH / REBH
5. NF for each day is derived in a linear manner
6. Estimated XBT holding = REBH * NF

* XBT is the unofficial ISO4217 code for bitcoin (http://en.wikipedia.org/wiki/ISO_4217#Without_currency_code)

** Estimated figures are subject to rounding error. The estimated XBT amount may deviate from the actual amount by at most a few hundreds of XBT.

*** Negative figures could be due to rounding error.

**** Normalization factor is needed as SecondMarket is taking fee and each share represents less than 0.1XBT (actual amount not announced).

Date	NAV ($)	Net	Est	Est Net	Est New	Actual
spaceholder		Assets	Holding	Buying	Invest	Holding
		(M$)	(XBT)	(XBT)	(M$)	(XBT)	Notes
30-Apr-15	22.46	31.32	136181	449	0.10	135076
23-Mar-15	25.93	36.04	135732	0	0.00
20-Mar-15	25.34	35.22	135732	-29	-0.01
19-Mar-15	24.91	34.63	135761	29	0.01
18-Mar-15	26.70	37.11	135732	29	0.01
16-Mar-15	28.21	39.20	135703	-29	-0.01
12-Mar-15	28.65	39.82	135732	10	0.00
11-Mar-15	28.58	39.72	135722	10	0.00
10-Mar-15	28.61	39.76	135712	-20	0.00
9-Mar-15	27.47	38.18	135732	59	0.01
6-Mar-15	26.66	37.04	135673	-69	-0.02
5-Mar-15	26.18	36.39	135742	30	0.01
4-Mar-15	27.28	37.91	135712	117	0.03
2-Mar-15	25.56	35.49	135595	-39	-0.01
27-Feb-15	24.43	33.93	135634	9	0.00
26-Feb-15	22.97	31.90	135625	49	0.01
25-Feb-15	23.10	32.07	135576	-68	-0.01
24-Feb-15	23.19	32.21	135644	29	0.01
23-Feb-15	22.95	31.87	135615	0	0.00
20-Feb-15	23.67	32.87	135615	0	0.00
19-Feb-15	23.10	32.08	135615	0	0.00
13-Feb-15	22.64	31.44	135615	39	0.01
11-Feb-15	21.53	29.89	135576	0	0.00
10-Feb-15	21.27	29.53	135576	30	0.01
9-Feb-15	21.39	29.69	135546	-59	-0.01
6-Feb-15	21.41	29.73	135605	-10	0.00
5-Feb-15	21.51	29.87	135615	69	0.01
4-Feb-15	21.96	30.48	135546	0	0.00
3-Feb-15	23.09	32.05	135546	-10	0.00
2-Feb-15	22.11	30.69	135556	49	0.01
29-Jan-15	22.60	31.36	135507	9	0.00
28-Jan-15	24.23	33.62	135498	39	0.01
26-Jan-15	27.23	37.77	135459	20	0.00
22-Jan-15	22.46	31.15	135439	-29	-0.01
21-Jan-15	20.84	28.91	135468	19	0.00
20-Jan-15	20.54	28.49	135449	0	0.00
16-Jan-15	20.39	28.28	135449	29	0.00
15-Jan-15	19.60	27.18	135420	49	0.01
14-Jan-15	19.24	26.67	135371	20	0.00
13-Jan-15	23.60	32.71	135351	-49	-0.01
12-Jan-15	26.16	36.27	135400	254	0.07
9-Jan-15	27.82	38.50	135146	-10	0.00
7-Jan-15	28.23	39.07	135156	-19	0.00
6-Jan-15	27.02	37.40	135175	156	0.04
5-Jan-15	26.32	36.39	135019	10	0.00
2-Jan-15	30.64	42.36	135009	29	0.01
31-Dec-14	30.48	42.13	134980	-20	-0.01
30-Dec-14	30.44	42.08	135000	-19	-0.01
29-Dec-14	30.74	42.50	135019	39	0.01
26-Dec-14	31.50	43.54	134980	68	0.02
24-Dec-14	32.14	44.40	134912	0	0.00
23-Dec-14	32.50	44.90	134912	10	0.01
22-Dec-14	32.12	44.37	134902	-29	-0.01
18-Dec-14	30.42	42.03	134931	0	0.00
17-Dec-14	31.52	43.55	134931	10	0.00
16-Dec-14	32.89	45.44	134921	19	0.01
15-Dec-14	34.19	47.23	134902	39	0.02
12-Dec-14	34.23	47.27	134863	0	0.00
11-Dec-14	34.38	47.48	134863	0	0.00
10-Dec-14	34.15	47.16	134863	10	0.00
9-Dec-14	34.37	47.46	134853	596	0.21
8-Dec-14	36.10	49.63	134257	0	0.00
5-Dec-14	36.39	50.03	134257	-30	-0.01
4-Dec-14	36.55	50.26	134287	0	0.00
2-Dec-14	37.30	51.29	134287	137	0.05
1-Dec-14	37.06	50.91	134150	-1	0.01	134150	NF=0.9766
28-Nov-14	35.96	49.39	134151	-34	-0.01
26-Nov-14	36.37	49.96	134185	4555	1.70
25-Nov-14	37.52	49.79	129630	2123	0.82
24-Nov-14	36.63	47.81	127507	20	0.01
21-Nov-14	34.25	44.69	127487	-56	-0.02
20-Nov-14	35.74	46.65	127543	23	0.01
19-Nov-14	36.98	48.26	127520	-6	0.00
18-Nov-14	37.21	48.56	127526	6335	2.42
17-Nov-14	38.57	47.83	121191	-18	0.00
14-Nov-14	39.24	48.66	121209	3	0.00
13-Nov-14	41.95	52.02	121206	-6	0.00
12-Nov-14	39.46	48.93	121212	-16	-0.01
11-Nov-14	35.77	44.36	121228	6837	2.51
10-Nov-14	35.80	41.89	114391	-37	-0.01
7-Nov-14	33.83	39.59	114428	-16	-0.01
6-Nov-14	33.62	39.35	114444	14	0.01
5-Nov-14	32.84	38.43	114430	-16	0.00
4-Nov-14	31.83	37.25	114446	7622	2.48
3-Nov-14	32.07	35.03	106824	-16	0.00
31-Oct-14	33.59	36.69	106840	3	0.00	106840	NF=0.9781
30-Oct-14	33.07	36.12	106837	-2892	-0.98		#
29-Oct-14	33.68	37.78	109729	2850	0.98		#
28-Oct-14	34.48	37.67	106879	23	0.01
27-Oct-14	34.49	37.67	106856	19	0.01
24-Oct-14	34.86	38.06	106837	-7	0.00
23-Oct-14	36.04	39.35	106844	-26	0.00
22-Oct-14	37.40	40.84	106870	13	0.01
21-Oct-14	37.69	41.15	106857	-84	-0.03
20-Oct-14	37.24	40.69	106941	68	0.03
17-Oct-14	37.06	40.46	106873	-16	0.00
16-Oct-14	37.57	41.02	106889	62	0.03
15-Oct-14	38.64	42.16	106827	-17	-0.01
14-Oct-14	39.02	42.58	106844	-1436	-0.56		#
10-Oct-14	35.41	39.15	108280	1443	0.52		#
9-Oct-14	35.89	39.15	106837	13	0.01
8-Oct-14	33.21	36.22	106824	-26	-0.01
7-Oct-14	32.15	35.07	106850	-7	0.00
6-Oct-14	31.16	33.99	106857	29	0.02
3-Oct-14	35.88	39.12	106828	356	0.13
2-Oct-14	36.94	40.14	106472	62	0.03
1-Oct-14	37.72	40.96	106410	-6	0.00
30-Sep-14	37.13	40.32	106416	-26	0.00
26-Sep-14	39.58	42.98	106442	23	0.01
25-Sep-14	40.53	44.00	106419	-17	0.00
24-Sep-14	42.36	45.99	106436	14	0.01
23-Sep-14	40.84	44.33	106422	307	0.13
22-Sep-14	39.11	42.33	106115	981	0.40
19-Sep-14	39.68	42.54	105134	130	0.06
18-Sep-14	42.44	45.44	105004	-26	-0.01
17-Sep-14	44.72	47.89	105030	-6	0.00
16-Sep-14	45.96	49.22	105036	-26	-0.01
15-Sep-14	46.55	49.86	105062	102	0.06
11-Sep-14	46.70	49.96	104960	62	0.03
10-Sep-14	46.89	50.13	104898	-16	0.00
9-Sep-14	45.84	49.01	104914	-7	0.00
8-Sep-14	46.23	49.43	104921	-19	0.00
5-Sep-14	47.66	50.96	104940	-26	-0.01
4-Sep-14	47.44	50.73	104966	-1439	-0.70
3-Sep-14	46.65	50.57	106405	189	0.09
2-Sep-14	46.69	50.52	106216	-26	0.00

# Probably an error. See https://bitcointalk.org/index.php?topic=337486.msg9206222#msg9206222

Starting to April 2014: https://bitcointalk.org/index.php?topic=337486.msg6449073#msg6449073
May to August 2014: https://bitcointalk.org/index.php?topic=337486.msg8597489#msg8597489

[bizz]

Good thread. Seems like SecondMarket is buying.

[Zangelbert Bingledack]

I was thinking we needed a BIT observer. Next update in about 12 hours. Investors are in for another pleasant surprise.

[Zangelbert Bingledack]

[BitchicksHusband]

Boy, I wish there was some way us normal people could get in on this wonderful investment opportunity... 

[MoreFun]

Boy, I wish there was some way us normal people could get in on this wonderful investment opportunity... 

You are joking probably, right?

[BitchicksHusband]

Boy, I wish there was some way us normal people could get in on this wonderful investment opportunity... 

You are joking probably, right?

Yeah.  I thought the winky face made it obvious...

[Luckybit]

It looks almost like they single handedly caused all this. If this really small institutional investor can cause this just wait until Mastercoin brings in the big money.

[Zangelbert Bingledack]

It looks almost like they single handedly caused all this. If this really small institutional investor can cause this just wait until Mastercoin brings in the big money.

I've pondered that idea many a time. Of course China is not insignificant. But also you could make the argument that for Second Market to get into this, it really indicates that there's an underlying sea change happening within Wall Street and other big money people (the Mellon banking dynasty, supposed to be wealther than the Rockefellers). They are buying on dark pools, meaning the exchanges only show a severe coin shortage rather than a bunch of huge whale buys. This results in more delayed price action, but more assured upward movement.

[jl2012]

November 18, 2013   
NAV 55.22USD
Net Assets 29.7MUSD
Estimated holding 53,784.86XBT

[jl2012]

One more data point identified. So they bought about 20000XBT in the last 2 weeks

[bizz]

Net assets are updated once per week? What day?

[Zangelbert Bingledack]

Last time I think it was Thursday.

[600watt]

Boy, I wish there was some way us normal people could get in on this wonderful investment opportunity... 

ain´t it a shame 

[CMMPro]

One more data point identified. So they bought about 20000XBT in the last 2 weeks

Or about half of all mining production....very interesting.
If that isn't a demand indicator I don't know what is.

[jl2012]

OP update. About 2300XBT was bought in the past 3 days

[Bitcopia]

Interesting thread. Thanks for the info.

[600watt]

One more data point identified. So they bought about 20000XBT in the last 2 weeks

Or about half of all mining production....very interesting.
If that isn't a demand indicator I don't know what is.

so it has the same effect as a halving !?

[bitcodo]

https://blockchain.info/address/15c2N528gELxafSDZyKgJeVBYujtpH8cx4