Simple profit taking?
Make it quick
There's certainly a bit of a dump going on right now on Bitfinex.
Even as a permabull I'm kinda doubting the Stockholm launch. I don't know why, but I am. It's great for the validity of bitcoin, and it helps move bitcoin out of the fringe anarchic nerd circle, but for some reason I'm not expecting much volume from KNCs Bitcoin Tracker.
Doesn't the whole concept of an ETN depend the issuers credit rating and credibility? If I was looking to invest I wouldn't be hugely impressed by KNCminer as a company. There's no shortage of beefs from their customers.
Are some of their customers taking them to court? I don't think I'd trust them.