Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Norway
on 18/05/2015, 10:08:04 UTC
3000 bitcoin IOUs sold at Nasdaq Stockholm. I like the rate at which XBT Provider ABs offline wallet is sucking up coins from the market!  Grin

It's 300BTC, not 3000  Wink (turnover is in SEK)
Still, not bad for first 3 hours

Yeah, i think it's great too....i wonder what will happen when COIN will be launched...any news about estimated time of launch? It's taking so long time, what is so complicated about it that needs to be approved? don't understand the bureaucracy process...can we somehow see how many coins the swedish ETN is really buying? I mean, shares are one thing, but how does it work? Is that only on paper or they also have to buy the coins?

They are buying real coins to back the notes they trade.
I think the bureaucracy process regarding the ETF might be rigged/stalled, but I can't prove it. However, I think it will be more difficult to stall after todays event on Nasdaq Stockholm.