KncMiner XBT: 285 BTC traded at 285.38$ ! - page 7.

Nahil

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Quote from: phoenix1 on June 06, 2015, 04:30:49 AM

Not following your logic at all there Undecided

The number of notes outstanding IS the number of BTC in the ETN (after adjusting for fees and the multipier)

Do you mean at the first few days, some one bought some ETN, after that until today, those ETN have been sold back to KncMiner?

It could be: 1: It was KncMiner itself bought up those ETN at the first place trying to make their ETN trading frequency looks better 2: Buyers bought their ETN deiced to cut losses because bitcoin is crashing 3: KncMiner moved in more bitcoins and created more notes outstanding

phoenix1

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Quote from: cardiff97 on June 06, 2015, 04:25:57 AM

Perhaps it simply means KNC added some additional Bitcoins to the ETN?

Not following your logic at all there Undecided

The number of notes outstanding IS the number of BTC in the ETN (after adjusting for fees and the multipier)

cardiff97

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Quote from: phoenix1 on June 05, 2015, 08:28:22 AM

Interestingly the number of notes outstanding seems to have gone DOWN in the last 2 days according to Bloomberg

http://www.bloomberg.com/quote/COINXBT:SS
-
Total Assets (m SEK) (on 06/04/2015)
7.973

NAV (on 06/04/2015)
9.305

= 857k notes outstanding vs 878k on Monday as calculated above by gotmilk_

That would imply that the net of all the trades this week is sells BACK TO KnC ...

Perhaps it simply means KNC added some additional Bitcoins to the ETN?

phoenix1

hero member

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Notes outstanding dropped again yesterday to 848k ie 4240 BTC sold in total

So to date, we have approx 7750 BTC traded, of which 55% is net issuance.

TBH I am surprised the percentage is this low. I expected a steady increase in notes outstanding and the clear majority to be held and not traded
Still, early days, but a whole week of sell-backs is a bit of a surprise to me - this is supposed to be away for KnC to avoid selling the coins they mine Undecided

hprna

newbie

Activity: 42

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day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 5 history : 643 BTC (128618 shares) traded at 237.21$
day 6 history : 453 BTC (90759 shares) traded at 237.21$
day 7 history : 756 BTC (151238 shares) traded at 236.8$
day 8 history : 431 BTC (86275 shares) traded at 236.1$
day 9 history : 360 BTC (72006 shares) traded at 237.7$
day 10 history : 533 BTC (106617 shares) traded at 234.9$
day 11 history : 595 BTC (119031 shares) traded at 226.83$
day 12 history : 224 BTC (44950 shares) traded at 224.46$
day 13 history : 280 BTC (56022 shares) traded at 227.91$
day 14 history : 545 BTC (109117 shares) traded at 225.78$
day 15 history : 293 BTC (58629 shares) traded at 226.31$

phoenix1

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Activity: 798

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Quote from: chmod755 on June 05, 2015, 08:34:54 AM

Quote from: phoenix1 on June 05, 2015, 08:28:22 AM

Interestingly the number of notes outstanding seems to have gone DOWN in the last 2 days according to Bloomberg

Maybe that's why KnC was/is moving coins to Bitstamp: https://bitcointalksearch.org/topic/when-will-kncminer-dump-their-7719-btc-at-bitstamp-1081070

Not sure how much I believe that story TBH, but I imagine this was not what they had in mind!

Tho if this continued, I guess they would be forced to sell on exchanges again. But it is a bit too early to call it a trend IMO, just something to keep an eye on above and beyond the volume number that hprna is kindly quoting daily Wink

chmod755

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Quote from: phoenix1 on June 05, 2015, 08:28:22 AM

Interestingly the number of notes outstanding seems to have gone DOWN in the last 2 days according to Bloomberg

Maybe that's why KnC was/is moving coins to Bitstamp: https://bitcointalksearch.org/topic/when-will-kncminer-dump-their-7719-btc-at-bitstamp-1081070

phoenix1

hero member

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Quote from: chmod755 on June 05, 2015, 08:12:21 AM

There's almost no activity on Bitcoin Tracker One today as expected, because people are betting big on the forex markets.

The Non-Farm Payroll publication is better than expected - USD: bullish (USD/SEK went up from 8.3 to ~8.45)

Interestingly the number of notes outstanding seems to have gone DOWN in the last 2 days according to Bloomberg

http://www.bloomberg.com/quote/COINXBT:SS
-
Total Assets (m SEK) (on 06/04/2015)
7.973

NAV (on 06/04/2015)
9.305

= 857k notes outstanding vs 878k on Monday as calculated above by gotmilk_

That would imply that the net of all the trades this week is sells BACK TO KnC ...

chmod755

legendary

Activity: 1554

Merit: 1021

There's almost no activity on Bitcoin Tracker One today as expected, because people are betting big on the forex markets.

The Non-Farm Payroll publication is better than expected - USD: bullish (USD/SEK went up from 8.3 to ~8.45)

Natalia_AnatolioPAMM

full member

Activity: 280

Merit: 100

Quote from: ?? on ??

545 BTC (109117 notes) have been traded today. The price dropped to 9.34 SEK

predictable

hprna

newbie

Activity: 42

Merit: 0

day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 5 history : 643 BTC (128618 shares) traded at 237.21$
day 6 history : 453 BTC (90759 shares) traded at 237.21$
day 7 history : 756 BTC (151238 shares) traded at 236.8$
day 8 history : 431 BTC (86275 shares) traded at 236.1$
day 9 history : 360 BTC (72006 shares) traded at 237.7$
day 10 history : 533 BTC (106617 shares) traded at 234.9$
day 11 history : 595 BTC (119031) traded at 226.83$
day 12 history : 224 BTC (44950) traded at 224.46$
day 13 history : 280 BTC (56022) traded at 227.91$
day 14 history : 545 BTC (109117) traded at 225.78$

gotmilk_

sr. member

Activity: 442

Merit: 250

Quote from: ?? on ??

545 BTC (109117 notes) have been traded today. The price dropped to 9.34 SEK

Also SEK went up against USD.

chmod755

legendary

Activity: 1554

Merit: 1021

Quote from: mrhelpful on June 03, 2015, 12:35:39 PM

has this anything to deal with them moving their other coins?

I don't know if anyone from KnC is reading bitcointalk these days. You could ask them (via email, twitter, etc), but they don't have to tell you.

mrhelpful

legendary

Activity: 1456

Merit: 1002

has this anything to deal with them moving their other coins?

Like the 9,000 https://blockchain.info/address/17uTKRCmCgdE5ie85tLu8hP2kRkh4zbhdh

phoenix1

hero member

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Merit: 1000

Quote from: gotmilk_ on June 03, 2015, 03:40:19 AM

Quote from: phoenix1 on June 01, 2015, 07:58:00 AM

Bloomberg changed the website... Now it doesn't show how many notes is out directly.
I guess TOTAL ASSETS (M SEK) / NAV = NUMBER OF NOTES ??

2.6.: 877 877 notes (4389btc)

Odd that they removed such a relevant metric from the new page. I wonder if it will reappear - the whole style of the page has changed, so it could be an 'error' on switch-over.

Your calculation looks right to me and fits with the numbers we had previously from Bloomberg

gotmilk_

sr. member

Activity: 442

Merit: 250

Quote from: phoenix1 on June 01, 2015, 07:58:00 AM

Quote from: gotmilk_ on June 01, 2015, 07:03:43 AM

There are some new info on bloomberg page

Quote

FUNDAMENTALS FOR COINXBT
NAV   (on 2015-05-29) 10.0850
Assets (M)   (on 2015-05-29) 7.8701
Shares out (M)   0.78
Market Cap (M)   7.62

So 780.000 notes is out? This is 3900 btc atm.

Versus approx 1.160.000 notes traded (5800 BTC)
Interesting info on turnover vs holding.
So, to date about a third of the volume is short-term trading/market-making

Interesting to see how this evolves over time.

Bloomberg changed the website... Now it doesn't show how many notes is out directly.
I guess TOTAL ASSETS (M SEK) / NAV = NUMBER OF NOTES ??

2.6.: 877 877 notes (4389btc)

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: hprna on June 02, 2015, 10:52:45 AM

day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 5 history : 643 BTC (128618 shares) traded at 237.21$
day 6 history : 453 BTC (90759 shares) traded at 237.21$
day 7 history : 756 BTC (151238 shares) traded at 236.8$
day 8 history : 431 BTC (86275 shares) traded at 236.1$
day 9 history : 360 BTC (72006 shares) traded at 237.7$
day 10 history : 533 BTC (106617 shares) traded at 234.9$
day 11 history : 595 BTC (119031) traded at 226.83$
day 12 history : 224 BTC (44950) traded at 224.46$

Thanks for the list. It really looks like demand is strong!

hprna

newbie

Activity: 42

Merit: 0

day 1 history : 949 BTC (189783 shares) traded at 232.84$
day 2 history : 546 BTC (109376 shares) traded at 232.6$
day 3 history : 455 BTC (90988 shares) traded at 232.2$
day 4 history : 681 BTC (136233 shares) traded at 235.95$
day 5 history : 643 BTC (128618 shares) traded at 237.21$
day 6 history : 453 BTC (90759 shares) traded at 237.21$
day 7 history : 756 BTC (151238 shares) traded at 236.8$
day 8 history : 431 BTC (86275 shares) traded at 236.1$
day 9 history : 360 BTC (72006 shares) traded at 237.7$
day 10 history : 533 BTC (106617 shares) traded at 234.9$
day 11 history : 595 BTC (119031) traded at 226.83$
day 12 history : 224 BTC (44950) traded at 224.46$

gotmilk_

sr. member

Activity: 442

Merit: 250

Quote from: phoenix1 on June 01, 2015, 07:58:00 AM

Quote from: gotmilk_ on June 01, 2015, 07:03:43 AM

There are some new info on bloomberg page

Quote

FUNDAMENTALS FOR COINXBT
NAV   (on 2015-05-29) 10.0850
Assets (M)   (on 2015-05-29) 7.8701
Shares out (M)   0.78
Market Cap (M)   7.62

So 780.000 notes is out? This is 3900 btc atm.

Versus approx 1.160.000 notes traded (5800 BTC)
Interesting info on turnover vs holding.
So, to date about a third of the volume is short-term trading/market-making

Interesting to see how this evolves over time.

Yep

They added 250btc yesterday...

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Saw this on another thread...says KNC moved 9000 BTC today

for what it is worth here is the link

https://bitcointalksearch.org/topic/knc-moved-all-of-their-9000-btc-today-1077623

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