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Europe Speed Trader enters Crypto - LTC AI/ML Signal

Long
KRAKEN:LTCUSD   Litecoin
Europe’s largest trader of ETFs, Flow Traders NV, is moving into cryptocurrencies. The Amsterdam-based speed trader is making markets in ETNs based on Bitcoin or Ether. This move follows the big five US speed traders that have been making markets in cryptocurrency futures or the underlying digital tokens. Flow Traders have been hedging their trades of crypto notes with futures contracts created by the CME group and Cboe Global Markets. The firm traded USD$284bn of ETFs globally in the first quarter. The firm’s regulator, the AFM, does not like involvement by individuals and institutions in the cryptocurrency space. However, since the ETNs are regulated, there is little the regulator can do at this point.

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