Sentences with phrase «bitcoin arbitrage fund»
Bitcoin Group, the entity behind Melbourne - based bitcoin arbitrage fund Bitcoins Reserve, is set to list on the ASX next month.
https://blog.blockchain.com/ Not exact matches
Although the Journal did not describe the arbitrage mechanism, its story claimed that narrowing spreads between the bitcoin price and the GBTC price allowed traders to profit as they would when arbitraging an exchange - traded fund (ETF) and its underlying assets.
Calling itself a «cryptocurrency arbitrage fund», Bitcoins Reserve hopes to buy low on one exchange and sell high on another, using automated trading software that it has developed itself.
The company wants to raise $ 20 million at 20 cents a share, as it looks to capitalize on short - term gains from its arbitrage fund and «medium - term» profits from bitcoin mining.