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Commodities Briefing - Categorized | Currencies, ETFs / ETCs more

Still want that bitcoin ETF?

Posted on 19 December 2013

The price of the cryptocurrency has swung from north of $1,200 late last month to as low as $455 Wednesday morning. At last check it’s at $583, according to Mt. Gox. Sheesh!
Bitcoin’s gyrations alone are worth noting — a plunge of 20% this morning — which is roughly double the already rocky daily average swing of 10%. Most investors can’t stomach those kind of moves, which is one reason it’s so premature to talk about building a Bitcoin exchange-traded fund. It’s also part of the rationale for keeping investment in Bitcoin, for now, in the realm of hedge fund managers………………………………………..Full Article: Source


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VRS - who has written 36970 posts on Opalesque Commodities Briefing.


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