Bitcoin_is_here_to_stay
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June 20, 2014, 05:07:40 PM

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.

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.