XBT Provider

[Alley]

I still can't find any info on what the ticker symbol will be for this...

[Kupsi]

I still can't find any info on what the ticker symbol will be for this...

You should be able to search for it using the ISIN SE0007126024. But it doesn't show up yet.

http://www.nasdaqomxnordic.com/etp/etn

[chmod755]

It looks like the trading hours are 09:00:30-17:25* CET: http://www.nasdaqomxnordic.com/tradinghours

This is going to be interesting. ~13 hours 23 minutes left

[Alley]

http://www.nasdaqomxnordic.com/etp/etn/etninfo?Instrument=SSE109538

Link to the ticker.  I may need some help on the conversion.  But currently showing 1.3 million in volume.  Sek to USD conversion is .12.  So at 9.67 sek per share is $1.12 USD.  So about $1.5 million USD in 3 hours of trading so far?  Can anybody else confirm?

[Kupsi]

http://www.nasdaqomxnordic.com/etp/etn/etninfo?Instrument=SSE109538

Link to the ticker.  I may need some help on the conversion.  But currently showing 1.3 million in volume.  Sek to USD conversion is .12.  So at 9.67 sek per share is $1.12 USD.  So about $1.5 million USD in 3 hours of trading so far?  Can anybody else confirm?

This is a better link: https://www.avanza.se/borshandlade-produkter/certifikat-torg/om-certifikatet.html/563966/bitcoin-xbt

Look at "Antal", showing 143 585 right now. Divide by 200 and you get number of bitcoins traded which is ~717.

"Oms. SEK: 1 389 825" is 168,945 USD.

[damnek]

Has anyone been able to locate and trade this product with Interactive Brokers?

[Alley]

http://www.nasdaqomxnordic.com/etp/etn/etninfo?Instrument=SSE109538

Link to the ticker.  I may need some help on the conversion.  But currently showing 1.3 million in volume.  Sek to USD conversion is .12.  So at 9.67 sek per share is $1.12 USD.  So about $1.5 million USD in 3 hours of trading so far?  Can anybody else confirm?

This is a better link: https://www.avanza.se/borshandlade-produkter/certifikat-torg/om-certifikatet.html/563966/bitcoin-xbt

Look at "Antal", showing 143 585 right now. Divide by 200 and you get number of bitcoins traded which is ~717.

"Oms. SEK: 1 389 825" is 168,945 USD.

Thanks that's much better.

[Fiat_Hodler]

dam 850 sold.

[Alley]

So I assume knc won't need to buy any coins off of any exchange to back these notes until the number exceeds there current supply.  Which is probly quite a bit.  ?

[gentlemand]

So I assume knc won't need to buy any coins off of any exchange to back these notes until the number exceeds there current supply.  Which is probly quite a bit.  ?

I was under the impression they instantly sold the coins they mined and USD is all they cared about. Maybe if this has been in the works for quite some time they were building up a coin supply, but that also means they could've gotten more money for them back in the day.

Not sure how the exchange thing would work. They'd need to know the level of demand to cut out the multi day wait for money to clear. It would be far more sensible to have OTC deals with people they trust.

[gotmilk_]

From here we can read that they are selling them daily... http://www.reddit.com/r/Bitcoin/comments/2182nb/kncminers_ceo_sam_cole_dumping_bitcoins_worth/
"We make three million swedish crones (466,000USD) everyday from mining Bitcoins and selling, says Sam Cole, CEO KNCminer."

Also few "older" members on the forum said the same.
Question is how big their holdings actually are. If they are really selling them daily, then their newly mined coins won't be enough and they will need to do some buying.

[Alley]

Need someone who reads Swedish to view there docs and see how exactly there backing the notes with real bitcoin.