Is anyone else starting to become a bit excited?

Well it was certainly a surprise to check Coinbase around 8:30am and see almost a third of my profits had vanished overnight, only for them to have a dramatic jump back up half an hour later. This is my first bull run, so par for the course I presume?

Been here before and likely will be again.

I hope most on here either crystallised a gain or 2?
Or at least didn't buy on the high side.

Me...
I'm stalking like a tiger, if the US kyc stuff is true?
Sure that's even more likely to cause a *crash than Thanksgiving, Wall St Bonuses, Diwali, Chinese New Year and Virgin appreciation day all rolled into 1!!!

I'm actually still below where I sold out of everything except .xrp really nice profit back into stable coin there.


*This may be sarcasm, or it may not.
If there's a crashier crash, I am prescient! If there isn't well I was being sarcastic

VanEck Launches Physically-Backed Bitcoin ETN on Deutsche Böerse

https://www.cryptoglobe.com/latest/2020/11/vaneck-launches-physically-backed-bitcoin-etn-on-deutsche-boerse/

Their Press release
https://www.etfexpress.com/2020/11/25/292689/vaneck-lists-bitcoin-etn-deutsche-borse

https://www.vaneck.com/ie/en/?pagena=true

Quote
European ETF issuer VanEck has announced the launch of a bitcoin exchange-traded-note (ETN) on the Deutsche Böerse. The ETN will launch on the electronic trading venue of Europe’s third-largest exchange, Xetra.

According to ETF Stream, the VanEck Vectors Bitcoin ETN (VBTC) will have a total expense ratio (TER) of 2% and is set to be fully replicated. VanEck reportedly partnered with Bank Frick, a crypto custodian regulated in Liechtenstein, to hold the underlying BTC in cold storage.

Bitcoin ETPs have started being launched on Germany’s Xetra exchange after receiving approval from German financial regulator BaFin.

ETF Stream details this is the third bitcoin exchange-traded product listed on Xetra, after ETC Group’s BTCE, which recently crossed the $100 million in assets under management mark, and 21Shares’ Bitcoin ETP, ABTC.

The newly listed bitcoin ETN is easily accessible to investors as purchasing it is “as simple as trading in stocks or ETFs,” and managed a bitcoin wallet and its private keys are not required. The VBTC ETN gives investors exposure to the cryptocurrency, without having them learn about hot and cold storage, for example.

stockshares wrote: »

VanEck Launches Physically-Backed Bitcoin ETN on Deutsche Böerse

https://www.cryptoglobe.com/latest/2020/11/vaneck-launches-physically-backed-bitcoin-etn-on-deutsche-boerse/

Their Press release
https://www.etfexpress.com/2020/11/25/292689/vaneck-lists-bitcoin-etn-deutsche-borse

https://www.vaneck.com/ie/en/?pagena=true

Quote
European ETF issuer VanEck has announced the launch of a bitcoin exchange-traded-note (ETN) on the Deutsche Böerse. The ETN will launch on the electronic trading venue of Europe’s third-largest exchange, Xetra.

According to ETF Stream, the VanEck Vectors Bitcoin ETN (VBTC) will have a total expense ratio (TER) of 2% and is set to be fully replicated. VanEck reportedly partnered with Bank Frick, a crypto custodian regulated in Liechtenstein, to hold the underlying BTC in cold storage.

Bitcoin ETPs have started being launched on Germany’s Xetra exchange after receiving approval from German financial regulator BaFin.

ETF Stream details this is the third bitcoin exchange-traded product listed on Xetra, after ETC Group’s BTCE, which recently crossed the $100 million in assets under management mark, and 21Shares’ Bitcoin ETP, ABTC.

The newly listed bitcoin ETN is easily accessible to investors as purchasing it is “as simple as trading in stocks or ETFs,” and managed a bitcoin wallet and its private keys are not required. The VBTC ETN gives investors exposure to the cryptocurrency, without having them learn about hot and cold storage, for example.

These are the three Bitcoin funds on the Frankfurt Exchange.

1st Bitcoin Fund listed in July
21Shares Bitcoin ETP
(ISIN: CH0454664001)
https://www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/Deutsche-B-rse-welcomes-21Shares-as-new-issuer-2104390

2nd Bitcoin Fund listed in September
BTCetc Bitcoin Exchange Traded Crypto
(ISIN: DE000A27Z304)
https://www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/World-s-first-centrally-cleared-Bitcoin-ETN-launched-on-Xetra-2062116

3rd Bitcoin Fund listed on 25th November
VanEck Vectors Bitcoin ETN
(ISIN:DE000A28M8D0)
https://www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/First-Bitcoin-ETN-from-VanEck-tradable-on-Xetra-2352452

A few lads just had there faces ripped off ROFL

A retrace to 10 K per BTC in the next few months is totally on

It can down as quickly as it can go up

It'll be fine long term if you can hold on that long

Addison Fancy Macrame wrote: »

Best sell indicator is when Jonny Retail boasts on an internet forum they bought BTC at 15 k 😂

If there's a God, it really doesn't like me. Was supposed to be off yesterday and had planned on doing some personal admin including cashing in the crypto to buy on the dip. Got called into work though so they said take today off instead. Bloody hell, carnage. F*** f*** f*** i was about 4k up

Some of these crypto ETPs have been listed on the Swiss stock exchange for some time I think: https://21shares.com/product/

They had fun with the thicker symbols ... HODL, MOON :-)

And I won’t touch this but they even have one to short BTC which could be recommend for the bears on this thread as an easy way to put their money where their mouth is.

stockshares wrote: »

These are the three Bitcoin funds on the Frankfurt Exchange.

1st Bitcoin Fund listed in July
21Shares Bitcoin ETP
(ISIN: CH0454664001)
https://www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/Deutsche-B-rse-welcomes-21Shares-as-new-issuer-2104390

2nd Bitcoin Fund listed in September
BTCetc Bitcoin Exchange Traded Crypto
(ISIN: DE000A27Z304)
https://www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/World-s-first-centrally-cleared-Bitcoin-ETN-launched-on-Xetra-2062116

3rd Bitcoin Fund listed on 25th November
VanEck Vectors Bitcoin ETN
(ISIN:DE000A28M8D0)
https://www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/First-Bitcoin-ETN-from-VanEck-tradable-on-Xetra-2352452

Just seen that there is also an option to Short Bitcoin on Xetra.

It's another 21 Shares ETN
https://www.xetra.com/xetra-en/newsroom/press-releases/list-press-releases/First-Short-Bitcoin-ETP-of-21Shares-on-Xetra-2214640
(ISIN: CH0514065058)

You can find this on Degiro also.

6 wrote: »

Are they shares or ETF's?

There are already some Trackers on the Swedish SA, but they are ETF's. Taxed differently to shares

They are ETPs based in Switzerland. I suspect they are taxed like ETFs (with deemed disposal and all that <sarcasm>great</sarcasm> stuff), but not completely sure.

One option if you want crypto exposure with regular company shares is Galaxy Digital. If I get it right, currently almost half of the market cap is backed by crypto-assets (Bitcoin and altcoins) they have in their treasury, and almost another half corresponds to private equity early-stage investments they have made in blockchain and crypto companies (including big names such as Bitstamp, BitGo and BlockFi). Plus you also own part of the crypto investment bank which they are building for institutions.

IMO it actually is a great way to get diversified exposure to crypto (both crypto as an asset and as an industry).

Sharper drop than I expected

Very curious to see if it follows similar to June 2017.

Stormington wrote: »

It will dump more. I'm looking around 15k.
Then it will pump.

Big if true. Reminder of the ridiculous timescale in action and impossibility of guessing though (a la me thinking it'd hit ATH by end of week): this time last month BTC was hitting a high for the year around $13k. The last time it was $13k before that was January 16th 2018.

Could be dragged any which way, a coinflip.