Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Cconvert2G36
on 01/03/2015, 22:47:08 UTC
What the hell's happening. Does anyone know why we are seeing a rise all of a sudden right now ?
Can't believe this Cheesy

Barry's ETF got approved.

It's not an ETF. It' s an OTC (over the counter), a penny stock. Institutional money is not allowed to trade this.

It's a fund, and will be traded on the pink sheets exchanges. Obviously not as big as news of COIN going live on the nasdaq. And no one was suggesting pension funds would be jumping in.

Edit: Most importantly, this is the first time investors can gain exposure to BTC with almost any personal brokerage account.