bitcoin-etn xbt

reticent to dive into cryptocurrencies can now invest in an exchange-traded note with the leading digital currency as its underlying asset. However, half a year has come and gone since then and still no favorable decision from the SEC has been forthcoming. Images courtesy of Flow Traders, Shutterstock).

ETN Info, bitcoin XBT, Bitcoin



bitcoin-etn xbt

The ETN is issued by XBT Provider, which is a subsidiary of CoinShares. According to Dijkstra, the approach holds immense benefits for the company. The market participants are much more professional than people think. Many analysts and commentators have identified the entry of institutional money into the cryptocurrency space as the next milestone in the growth of the industry. Technical analysts are closely watching whether the digital currency can break through its current price levelsspecifically, a move past a resistance level of 6,800 could signal another bullish trend.