Demand For Bitcoin is Rapidly Rising in Swedish Stock Market: Reasons & Trends

in #bitcoin7 years ago

 The Winklevoss twins’ Bitcoin ETF COIN was officially rejected by the SEC on March 10. Yet, the demand for Bitcoin in major stock markets is still on the rise.UK-based regulated investment manager Global Advisors previously launched two exchange-traded notes (ETNs) listed on the NASDAQ OMX in Sweden. The two ETNs represent the price and the value of Bitcoin as they are traded in the heavily regulated Swedish NASDAQ stock market.Daniel Masters, Global Advisors chief investment officer, recently told CNBC in an interview that the demand for the two Bitcoin-based ETNs had been rising rapidly amidst Bitcoin’s recent rally. Although Bitcoin price has fallen from its peak, it stabilized in the $2,300 region, which is still significantly higher than its price at the beginning of the year. ...

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