The HODL ETP product traded on the stock exchange SIX Swiss Exchange has updated the absolute limits for the volume for two consecutive days – Thursday 6 December and Friday 7 December.
HODL ETF with 53,233 shares and 62,986 shares traded respectively. It is -85% coincident with BTC to 3.2k and ETH to close to 80. https://t.co/Meuaa9MXCV[19659003[-SuZhu(@zhusu) December 11, 2018
Note! HODL ETP is based on a basket of five crypto courses (Bitcoin, XRP, Ethereum, Bitcoin Cash ABC and Litecoin), weighted by market value.
It is noteworthy that record growth in trade volume coincided with the update of the annual minimum of Bitcoin and other crypto courses. On Thursday, 53,000 ETP shares were traded on the stock exchange, this figure amounted to almost 63,000 ETP shares on Friday.
Growth in trading volume can also be triggered by good investment flows and the owners of ETP shares are likely to tend to maintain their positions, not active trading.
Swiss HODL ETF update: 27,244 shares on November 23 resulted in 20,000 shares being created and 16,727 shares on November 26 led to the creation of 15,000 shares. This means that users are not shopping – this is a 400k USD per day fiat on ramp. https://t.co/0WydLSKTJK[19659003[-SuZhu(@zhusu) November 28, 2018
Remember the launch of Hodl ETP took place in late November and the product became a leader in trade in SIX Swiss exchange in less than a week.
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