Global Advisors Takes Over XBT Bitcoin Tracker After KnC Collapse

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Stockholm based firm XBT Provider has announced a Bitcoin Tracker One (Ticker: COINXBT) and Bitcoin Tracker EUR (Ticker: COINXBE) resumed trade during Nasdaq Nordic. Last month the Swedish organisation had to postpone a ETCs (Exchange Traded Certificates) after their guarantor and a main stockholder – a bitcoin mining organisation KnCMiner – went bust.

The proclamation came after a exchange has authorized a new guarantor of a instruments, Global Advisors (Jersey) Limited (GAJL). The asset government firm, that offers “institutional-grade bitcoin investment strategy” has took over XBT Provider as all of KnCMiner’s land are being sole as a outcome of a bankruptcy.

Johan Wattenström, CEO and co-founder of a XBT Group said: “We would like to appreciate Nasdaq and Global Advisors for their tough work and joining to achieving a quick resolution. We have been really confident auxiliary with all concerned parties and are looking brazen to a long-term partnership. As partial of Global Advisors, we now have a capabilities and means to accelerate a enlargement of a business and yield investors with a extended operation of products and services for protected and easy bearing to bitcoin markets.”

Daniel Masters, Co-Founder and Director of GAJL added: “We trust bitcoin will change a world. Acquiring control of XBT Group is a singular event to increment a strategy


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