Synthetic Bitcoin Report

This report presents the daily trading premium to NAV and Bitcoin equivalent volume for any exchange listed investment securities that track Bitcoin. The report will analyse GBTC (the OTC Markets listing of the Bitcoin Investment Trust), and XBT ( an ETN listed on the Nasdaq OMX Nordic).

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GBTC trading volume nose dived to 115 XBT. The product is losing steam vs. its European competitor XBT. The premium stayed flat at 35%.

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XBT had its second biggest volume day at 756 XBT yesterday. The ETN continues to trade at a slight 0.30% discount to fair value.

Synthetic Bitcoin Report – May 23

This report presents the daily trading premium to NAV and Bitcoin equivalent volume for any exchange listed investment securities that track Bitcoin. The report will analyse GBTC (the OTC Markets listing of the Bitcoin Investment Trust), and XBT ( an ETN listed on the Nasdaq OMX Nordic).

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GBTC premium declined slightly to 32.5%. The market is settling around a 35% premium for this product. Volume recovered to 500 XBT.

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The XBT discount widened to -0.30%. Volume held steady at 643 XBT. The product has demonstrated encouraging demand especially since it trades more than the better publicised GBTC.

Synthetic Bitcoin Report – May 22

This report presents the daily trading premium to NAV and Bitcoin equivalent volume for any exchange listed investment securities that track Bitcoin. The report will analyse GBTC (the OTC Markets listing of the Bitcoin Investment Trust), and XBT ( an ETN listed on the Nasdaq OMX Nordic).

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A lacklustre day for GBTC. Volume fell to 288 Bitcoin and the premium held constant at 35%.

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Volume picked up to 681 Bitcoin. The premium has remained in a -0.20% to 0.20% band the entire week.

Crypto Trader Daily – 12 March 2013

Price Action

The fade has begun. $300 couldn’t be topped today, and the price is drifting towards $290. It seems the rally has lost steam, and consolidation will occur below $290.

 

Trade Idea

Take a short position above $290 with a target price between $280-$285. Use XBUH15.

 

In the News

Cumberland Mining believed to be a winner in latest US Marshals auction (Qntra)

Bitcoin Investment Trust audited financial reports (OTC Markets)

Bter to return hacked funds (Coindesk)