Topic: An ETN (Exchange Traded Note) just bypassed the SEC approval process for ETFs!.. (Read 307 times)
August 28, 2018, 05:48:44 PM
ETN is absolutely not another item but rather it's new for the bitcoin market. In any case, it's simply one more empty item since it doesn't make due with the genuine resource, rather, it trades on the predominant cost of a benefit. So individuals will trade on the bitcoin cost without really holding bitcoins and there is no chance to get for physical conveyance. obviously, it won't expedite any effect the bitcoin market and no crisp assets will be implanted there. Zero effect activity! Appears as though directed elements found another approach to play with speculator's cash for the sake of an unregulated resource!
August 28, 2018, 02:43:01 PM
I think this is good news. The Bitcoin market is developing and becoming more diverse. I think and ETN will be in demand and eventually will have more influence on the market .
August 28, 2018, 02:28:18 PM
The ETN concept in the Bitcoin market is really new, I guess, I'm not sure how does ETN it will work or impact on Bitcoin ETF but hopefully there will be something better. We need to know better about this.
August 28, 2018, 01:58:58 PM
Although the concept ETN is not a new product, it seems to be new to the Bitcoin market I guess. I have a little idea about how much it relates to Bitcoin ETF. I am not sure whether ETN will affect the market. I want to get more ideas about this.
August 28, 2018, 07:21:37 AM
I think this product is not new and this news can’t bring out any hype imho. I think here ETF play a vital role because their decision is depend on it. I believe it will approve very soon.
August 28, 2018, 06:45:12 AM
you right it will be do something good. if it's ETF approved by SEC it should be a good sign. it will be more secure and potential. people are increasing to interest invest here. it will make more profit. its future are good.
August 28, 2018, 05:21:26 AM
if it will get ETF approve it will be more secure and potential. it is more profitable and popular. people are increasing their investment. it will be provide better service because it is committed to perform better service and ensure profit for investor. its future are good.
August 27, 2018, 04:53:32 PM
ETN is great but it is nothing new. We have seen ETN with other dealings. But I think ETN is not a very good solution to invest on Bitcoin as the whole process seems little bit of opaque
August 27, 2018, 02:18:31 PM
ETN is not new to us, it was always great with other things. But I don’t prefer ETN to invest on bitcoin. It doesn’t seem promising as their process seems to me turbid.
August 27, 2018, 12:29:28 PM
ETN was the existing one, I don't think it will be able to impact anything. It won't expedite any effect the bitcoin showcase and no crisp assets will be implanted there. Zero effect activity! Appears as though controlled substances found another approach to play with financial specialist's cash for the sake of an unregulated resource!
August 27, 2018, 09:51:03 AM
It appears the item isn't new, and this news doesn't bring any promotion IMHO. Appears ETFs endorsement/objection is as yet one of the principal factors for individuals to choose whether they'll join the crypto world or not. But it is believed if they don't they will regret later for sure.
August 27, 2018, 09:08:43 AM
ETN is positively not another item but rather it's new for the bitcoin showcase. Nonetheless, it's simply one more empty item since it doesn't make due with the genuine resource, rather, it exchanges on the overall cost of a benefit. So individuals will exchange on the bitcoin cost without really holding bitcoins and there is no chance to get for physical conveyance.
August 27, 2018, 08:48:05 AM
To be honest, ETFs are not relevant to crypto market let alone ETNs which don't even have a physical product or asset tied to it. Rather it is being backed by the price of Bitcoin which can't be of much use to the investors if they can't really hold the actual asset which is Bitcoin here.
August 27, 2018, 07:59:44 AM
ETNs getting approved will definitely open the possibilities for ETF getting approved in the future if a someone comes up with foolproof framework for an ETF which is immune to manipulation. Till then, ETNs won't make much difference to the current crypto market as it seems.
August 27, 2018, 07:02:19 AM
ETNs are very different in terms of features that are being offered by a traditional ETF. In ETF the investors can hold the actual asset they are investing in and in terms of ETN their investment will be judged based on the valuation of asset. Though the news is making quite a buzz in the cryptomarket but the nature of ETN will ultimately water it down. But, it does open a door for institutional investments nonetheless.
August 27, 2018, 05:32:08 AM
It seems to me that ETN is a good trick to hold the SEC. We hope ETN will be approved, unlike an ETF, it can give green days for the market.
August 27, 2018, 05:28:57 AM
Even though it is not a new product, the people are still highly engrossed in the whole ETF's issue. If it gets approved, maybe it will restore some balance in the market.
August 26, 2018, 05:36:29 PM
People are still on hold with the whole ETF getting approved or not and they are thinking of making their decisions based on that. This mindset needs to changed immediately before it is too late to mend.
August 26, 2018, 05:04:54 AM
Although ETN is a new idea in the Bitcoin market, it can be expected that will do well for Bitcoin ETF. However, it is hard to tell about its effect on Bitcoin and crypto. If we get more idea about ETN then we can be described about it.
August 16, 2018, 04:28:37 AM
Quote
It’s an exchange-traded note, and starting Wednesday, investors can buy it more easily even though it’s technically listed and regulated in Sweden. The product, called Bitcoin Tracker One, is now quoted in U.S. dollars under the ticker CXBTF, helping brokerages offer it to American investors. It started trading on the Nasdaq Stockholm exchange in 2015.
It seems the product is not new, and this news doesn't bring any hype IMHO. Seems like ETFs approval/disapproval is still the main factor for people to decide whether they'll join the crypto party or not (and regret later on).
ETN is certainly not a new product but it's new for bitcoin market. However, it's just another hollow product because it doesn't settles for actual asset, instead it trades on the prevailing price of an asset. So people will be trading on the bitcoin price without actually holding bitcoins and there is no way for physical delivery. needless to say, it will not bring any impact on the bitcoin market and no fresh funds will be infused there. Zero impact initiative! Seems like regulated entities found another way to play with investor's money in the name of an unregulated asset!
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