An ETN (Exchange Traded Note) just bypassed the SEC approval process for ETFs!..

[CryptoGosu]

I think this is good news. The Bitcoin market is developing and becoming more diverse. I think and ETN will be in demand and eventually will have more influence on the market .

[eni19888]

ETN is absolutely not another item but rather it's new for the bitcoin market. In any case, it's simply one more empty item since it doesn't make due with the genuine resource, rather, it trades on the predominant cost of a benefit. So individuals will trade on the bitcoin cost without really holding bitcoins and there is no chance to get for physical conveyance. obviously, it won't expedite any effect the bitcoin market and no crisp assets will be implanted there. Zero effect activity! Appears as though directed elements found another approach to play with speculator's cash for the sake of an unregulated resource!