19.12.2013 - Still want that bitcoin ETF?
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 itís at $583, according to Mt. Gox. Sheesh! Bitcoinís gyrations alone are worth noting ó a plunge of 20% this morning ó which is roughly double the already rocky daily average swing of 10%. Most investors canít stomach those kind of moves, which is one reason itís so premature to talk about building a Bitcoin exchange-traded fund. Itís 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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