Topic: XBT Provider (Read 2340 times)
Need someone who reads Swedish to view there docs and see how exactly there backing the notes with real bitcoin.
From here we can read that they are selling them daily... http://www.reddit.com/r/Bitcoin/comments/2182nb/kncminers_ceo_sam_cole_dumping_bitcoins_worth/
"We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."
Also few "older" members on the forum said the same.
Question is how big their holdings actually are. If they are really selling them daily, then their newly mined coins won't be enough and they will need to do some buying.
"We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."
Also few "older" members on the forum said the same.
Question is how big their holdings actually are. If they are really selling them daily, then their newly mined coins won't be enough and they will need to do some buying.
So I assume knc won't need to buy any coins off of any exchange to back these notes until the number exceeds there current supply. Which is probly quite a bit. ?
I was under the impression they instantly sold the coins they mined and USD is all they cared about. Maybe if this has been in the works for quite some time they were building up a coin supply, but that also means they could've gotten more money for them back in the day.
Not sure how the exchange thing would work. They'd need to know the level of demand to cut out the multi day wait for money to clear. It would be far more sensible to have OTC deals with people they trust.
So I assume knc won't need to buy any coins off of any exchange to back these notes until the number exceeds there current supply. Which is probly quite a bit. ?
dam 850 sold.
http://www.nasdaqomxnordic.com/etp/etn/etninfo?Instrument=SSE109538
Link to the ticker. I may need some help on the conversion. But currently showing 1.3 million in volume. Sek to USD conversion is .12. So at 9.67 sek per share is $1.12 USD. So about $1.5 million USD in 3 hours of trading so far? Can anybody else confirm?
Link to the ticker. I may need some help on the conversion. But currently showing 1.3 million in volume. Sek to USD conversion is .12. So at 9.67 sek per share is $1.12 USD. So about $1.5 million USD in 3 hours of trading so far? Can anybody else confirm?
This is a better link: https://www.avanza.se/borshandlade-produkter/certifikat-torg/om-certifikatet.html/563966/bitcoin-xbt
Look at "Antal", showing 143 585 right now. Divide by 200 and you get number of bitcoins traded which is ~717.
"Oms. SEK: 1 389 825" is 168,945 USD.
Thanks that's much better.
Has anyone been able to locate and trade this product with Interactive Brokers?
http://www.nasdaqomxnordic.com/etp/etn/etninfo?Instrument=SSE109538
Link to the ticker. I may need some help on the conversion. But currently showing 1.3 million in volume. Sek to USD conversion is .12. So at 9.67 sek per share is $1.12 USD. So about $1.5 million USD in 3 hours of trading so far? Can anybody else confirm?
Link to the ticker. I may need some help on the conversion. But currently showing 1.3 million in volume. Sek to USD conversion is .12. So at 9.67 sek per share is $1.12 USD. So about $1.5 million USD in 3 hours of trading so far? Can anybody else confirm?
This is a better link: https://www.avanza.se/borshandlade-produkter/certifikat-torg/om-certifikatet.html/563966/bitcoin-xbt
Look at "Antal", showing 143 585 right now. Divide by 200 and you get number of bitcoins traded which is ~717.
"Oms. SEK: 1 389 825" is 168,945 USD.
http://www.nasdaqomxnordic.com/etp/etn/etninfo?Instrument=SSE109538
Link to the ticker. I may need some help on the conversion. But currently showing 1.3 million in volume. Sek to USD conversion is .12. So at 9.67 sek per share is $1.12 USD. So about $1.5 million USD in 3 hours of trading so far? Can anybody else confirm?
Link to the ticker. I may need some help on the conversion. But currently showing 1.3 million in volume. Sek to USD conversion is .12. So at 9.67 sek per share is $1.12 USD. So about $1.5 million USD in 3 hours of trading so far? Can anybody else confirm?
It looks like the trading hours are 09:00:30-17:25* CET: http://www.nasdaqomxnordic.com/tradinghours
This is going to be interesting. ~13 hours 23 minutes left
This is going to be interesting. ~13 hours 23 minutes left
I still can't find any info on what the ticker symbol will be for this...
You should be able to search for it using the ISIN SE0007126024. But it doesn't show up yet.
http://www.nasdaqomxnordic.com/etp/etn
I still can't find any info on what the ticker symbol will be for this...
So this goes live Monday. I don't know what time NASDAQ Stockholm begins trading. Would be early AM hours in the US. Could wake up Monday to a price jump?
Pretty sure that Scandinavia is an hour ahead of this forum so 5 hrs ahead of US est, circa 4am monday. Things may get interesting in advance if this thing is really worth its salt.We are two hours ahead of this forum. The market on Nasdaq Stockholm opens 19 hours from now.
So this goes live Monday. I don't know what time NASDAQ Stockholm begins trading. Would be early AM hours in the US. Could wake up Monday to a price jump?
Pretty sure that Scandinavia is an hour ahead of this forum so 5 hrs ahead of US est, circa 4am monday. Things may get interesting in advance if this thing is really worth its salt.
So this goes live Monday. I don't know what time NASDAQ Stockholm begins trading. Would be early AM hours in the US. Could wake up Monday to a price jump?
Whoops. I'm getting my investment vehicles mixed up. Ignore the above.
Incorrect. Goes live may 18th.
Is this live yet?
You bet.
http://www.otcmarkets.com/stock/GBTC/quote
And rather lively too. Not far off 10,000 shares traded in the last 24 hours.
Is this live yet?
Yeah we'll see what that brings... it's not liquidity per se but the second market they could bring it's good anyway
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