The XBT Provider instruments Bitcoin Tracker One (Ticker: COINXBT) and Bitcoin Tracker EUR (Ticker: COINXBE) resumed trading at 09.00 a.m. (CET) at Nasdaq Nordic in Stockholm. Nasdaq has approved Global Advisors (Jersey) Limited as the new guarantor of the ETC’s (Exchange Traded Certificates). The XBT Group has also, effective today, become a subsidiary of Global Advisors (Jersey) Limited (GAJL).
Bitcoin Tracker One and Bitcoin Tracker EUR are designed to provide investors with convenient and liquid access to the returns of the underlying asset, bitcoin. XBT Provider is at all times fully hedged, and always holds bitcoins equivalent to the value of ETCs issued.
Johan Wattenström, CEO and co-founder of the XBT Group said:
“We would like to thank Nasdaq and Global Advisors for their hard work and commitment to achieving a fast resolution. We have been very satisfied cooperating with all involved parties and are looking forward to a long-term partnership. As part of Global Advisors, we now have the capabilities and means to accelerate the expansion of our business and provide investors with a broad range of products and services for safe and easy exposure to bitcoin markets.”
Daniel Masters, Co-Founder and Director of GAJL added:
“We believe bitcoin will change the world. Acquiring control of XBT Group is a unique opportunity to increment our strategy of creating access to bitcoin as an asset class. XBT’s products offer one-click, delta-one exposure to bitcoin via a wide range of electronic trading platforms. We look forward to sharing with XBT the benefits our best-practices and experience managing the Global Advisors Bitcoin Investment Fund.”