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RE: Curious why Bitcoin dropped and then popped the last few days?

in #bitcoin6 years ago

CXBTF ETN just went live for traders in the US. It used to be bought only with Swedish krona, leaving it pretty much unavailable to the average US retail investor. But now it can be purchased as an exchange-traded NOTE, instead of a fund. What do you think this does for the market now?

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It is pretty bullish though it seems the market is not seeing its merits just yet.