Looks like a big seller, most likely KNC, sat right at 9.73/XBT all day on the ask. Which pretty much capped the price.
Interesting why they wouldn't try to get some sort of BTC premium like GBTC was getting.
The ETN is supposed to track the value of the underlying asset (Bitcoin).
I tried it today...
XBT Provider ETN is live and listed on NASDAQ OMX Stockholm as of today.
I just bought me a Bitcoin, via my brokerage account,
with one click, with no signup, with no delay.
Pretty sweet.
200 shares of XBT tracker ≈ one Bitcoin.
Some of the best things about this:
There's no hassle and worry about security.
It's instant.
It tracks the price faithfully.
I'd say this is easily the best way to get exposure to Bitcoin.
So, yeah. I'll definitely recommend this to people.
The only "bad" thing is... The Winklewii got scooped. Again.
10/10
