Publicly-Traded Bitcoin Fund XBT Provider Resumes Trading Following Acquisition by Global Advisors

The XBT Provider instruments Bitcoin Tracker One (Ticker:
COINXBT) and Bitcoin Tracker EUR (Ticker: COINXBE) have resumed
trading in Stockholm after Nasdaq approved
Advisors (Jersey) Limited

as the new guarantor of the Exchange Traded Certificates (ETC) with

becoming a subsidiary of GAJL after its main stockholder, Bitcoin
miner firm KnC Miner, declared bankruptcy.

Trading of the company’s two instruments was halted by Nasdaq
Nordic on May 27. During the two-week absence of the instruments,
Bitcoin prices had risen by around $200.

Following the bankruptcy of KnC Miner, XBT Provider had
limited time with Nasdaq to find a new parent before the
products were delisted permanently. Now, however, with the Global
Advisors acquisition of XBT, the combined group will continue to
offer the publicly-traded bitcoin product.

“Global will also bring all the best practices learned via GABI
to XBT and share resources in an efficient way,” Daniel Masters,
co-founder and director of Global Advisors, told
Bitcoin Magazine


After 30-year careers in mainstream commodities and as managers
of the Global Advisors Commodity Investment Fund and the Global
Advisors Commodity Systematic Fund, the principals see opportunity
in Bitcoin as an emerging commodity and currency and believe that
Bitcoin will change the world.

“In concert with

Read more ... source: TheBitcoinNews