Author Topic: Switzerland approves the first Bitcoin ETF  (Read 341 times)

Offline Talk Merit

Switzerland approves the first Bitcoin ETF
« on: November 19, 2018, 07:32:50 AM »
Quote
This week, SIX Swiss Exchange, Switzerland’s principal stock exchange based in Zurich, approved the listing of a crypto exchange-traded product (ETP) with the ticker “HODL.”
https://www.ccn.com/could-switzerlands-crypto-etp-increase-the-chance-of-a-bitcoin-etf-approval/

HODL is a nice choice of ticker code - I guess somebody had to do it.

I noticed that the price of Bitcoin has dropped a couple of hundred pounds this morning. Received wisdom seems to be that Bitcoin is still in a bear market, and one wonders if this ETF contributed to the drop today. Tie for some research over the morning coffee.

Offline jackg

Re: Switzerland approves the first Bitcoin ETF
« Reply #1 on: November 19, 2018, 12:19:05 PM »
It may well have contributed to a drop. Do we know if it's physically backed or not. I'd like to think it is, but if it isn't, that'll also contribute to a drop.