Can anyone explain to me where on earth SecondMarket expects bidders to turn up from, and why on earth people are expecting a premium? In over 1.5 months now, they have managed only to acquire interest for barely 1k BTC for their fund. It has come to a near standstill. See: https://bitcointalk.org/index.php?topic=337486.0
SecondMarket need to do some more shilling to gather interest. Unfortunately, the "Wall Street is coming ANYTIME now! BUY MY FUND GUISE!" is getting old.
SecondMarket need to do some more shilling to gather interest. Unfortunately, the "Wall Street is coming ANYTIME now! BUY MY FUND GUISE!" is getting old.
Yeah, I agree it does not look very tempting. Maybe they want some free publicity? In case none of their bidders would win, it can actually cost them wire fees for deposit - although for these amounts of money fees are probably totally negligible.