Viral
er
8 years ago in #bitcoin by bitcoinflood (79)
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GBTC is a bitcoin ETN (exchange traded note). It trades on the NASDAQ OTC. It is fairly liquid with average daily dollar volume around $57 million.
Months ago, it sometimes lagged or overshot (it soared from $110 to $565 from April to May this year vs. bitcoin's price rise from about $1000 to nearly $3000), but now tracks the price of bitcoin much better.
Meanwhile, Canada is about to launch a bitcoin ETF: https://bitcoinist.com/first-bitcoin-etf-launch-canada/
Good info thank you for posting it here
Awesome Struggle
Good job ..
thank you...
Even without ETFs, Wall Street money will find its way into crypto. We already see the banks starting to buy BTC which means other cryptos arent far behind. While the average Joe could well still be unaware of crypto, the advanced investors are starting to hear about it on the business shows. With the returns we have seen, they will want in.
I still feel we are in the very early stages of cryptocurrencies. The growth will be outstanding.
Thank you for the post.