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Wide range of cryptocurrencies available at NASDAQ's ETNs despite SEC clampdown and volatility apprehension

Last year, the journey from $735.3 to a whopping $19,891. (at BITFINEX exchange), or 2,605% surge was commendable. However, on the contrary, the Bitcoin bears have held steady from the last couple of months’ trading sessions.

This year, amid the crypto-market downturn which began in January, but now continued after the news of the US Securities and Exchange Commission’s (SEC) delayed decision on an ETF product approval, Bitcoin attempts to bounce back from the multi-month lows of $5,755, but as sellers continued to dominate, the trend goes in narrow range from last couple of months.

Bearish trend of BTCUSD has prolonged from the peaks of $7,767 levels to the current $6,276 levels.

The globally reputed firm, Fidelity Investments, which has about $2.4 trillion assets under management, began rendering clients with the ability to buy Bitcoin Exchange Traded Notes (ETN) offered by XBT Provider on Sweden’s Nasdaq.

Well, ETNs are to be considered as securities, so that could have implications for institutional investors such as pension funds which are limited to around only 10% of their investments being in non-securities or other assets, according to XBT.

The first Bitcoin Exchange Traded Notes (ETN) provider, XBT Provider AB, devises expansion plans, while the cryptocurrency avenue states and the traders have been anxious awaiting for the buzzing news about a bitcoin ETF (Exchange Traded Funds).

OTC FX markets, which offers some 10,000 securities through a network of broker dealers, like Fidelity, has now begun listing the ETN in dollars under the ticker of CXBTF.

That means Americans with an investment account can now have a fairly direct exposure to bitcoin as although ETNs are usually debt instruments, in this case the bitcoin tracker appears to operate no different than an ETF.

XBT Provider AB is focusing to bridge the gap in market demand by providing exchange-traded products on a range of up to 10 cryptocurrencies. The company CEO, Laurent Kssis, explained that his clients expressed their desire to access a higher number of cryptocurrencies on multiple occasions — in spite of the market slumps over the last couple of months, as per the Bloomberg reports.

While evaluating the future prices for this unconventional currency BTCUSD. Pricing BTC vanilla options is not straight forwards as it’s a new and a very volatile instrument. However, companies like, sentrix, ORE seem to be exploiting with advanced mathematical models and techniques to try and infer future behavior of BTC.

Capitalizing on such Bitcoin vanilla options, BTC option traders can get a clarity aboyt bitcoin future prices and volatility to certain extent.

Volatility is the heart and soul of option trading. With the proper understanding of volatility of the newly invented asset class and how it affects your options you can profit in any market condition. The markets and individual asset class are always adjusting from periods of low volatility to high volatility, so we need to understand how to time our option strategies.

Currency Strength Index: FxWirePro's hourly BTC spot index is flashing at -152 levels (which is bearish), while hourly USD spot index was at -44 (bearish) while articulating at 07:16 GMT. For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex

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