XBT Provider manages Bitcoin Tracker One and Bitcoin Tracker Euro. With these instruments anyone can invest in Bitcoin as ETN:s, exchange-traded notes, from anywhere in the world. XBT Provider's prospectus is approved by the Swedish FSA (Finansinspektionen) and our products are listed on Nasdaq Nordic in Stockholm.
Enabling easy access to bitcoin markets
We are proud to offer the world’s first “Bitcoin tracker” to be traded on a regulated exchange. By enabling this easy and secure way to invest in Bitcoin we hope to have eliminated the boundaries that earlier prevented individuals and companies from being able to actively invest in what we believe to be the future of money.
The issuer is a public limited liability company formed in Sweden with statutory seat in Stockholm. The issuer is incorporated under Swedish law and registered with the Swedish companies' registration office under registration number 559001-3313.
Both trackers are designed to mirror the return of the underlying asset, U.S. dollar (USD) per bitcoin. The product is an exchange traded note designed to track the movement of the underlying asset after fees.
As the BTC/USD market is the most liquid bitcoin market widely available for trading, we regard it as the most suitable underlying asset in a bitcoin product.
BTC/USD is traded on a large number of bitcoin exchanges and the average price of the most liquid exchanges provides the underlying reference price for the product as specified in the prospectus.
XBT Provider do not have any market risk. The company always hold bitcoins equivalent to the value of ETNs issued.
Prospectus approved by:
XBT Provider AB (publ)
Bitcoin nominated in USD
Mangold Fondkommission AB
Euroclear Sweden AB
COINXBT SS EQUITY
SEK (Swedish krona)
Issuer: XBT Provider AB (publ)
Underlying asset: BTC/USD
Expiry date: Open-ended
Market maker: Mangold Fondkommission AB
Exchange: Nasdaq (Stockholm)
Prospectus approved by: Swedish FSA
Annual fee: 2.5%
Clearing house: Euroclear Sweden AB
Product type: Certificate
Bloomberg: COINXBT SS EQUITY
NASDAQ: BITCOIN XBT
Yahoo finance: BITCOIN-XBT.ST
Instrument Currency: SEK (Swedish krona)
ISIN Code: SE0007126024
Instrument Currency: EUR (Euro)
ISIN Code: SE0007525332
"Bitcoin XBT" and "Bitcoin XBTE" is traded in the same manner as any share or instrument listed on the Nasdaq exchange in Stockholm. To invest, you need an account, which is obtained through your bank, advisor or online broker. The product is listed on Nasdaq in Stockholm and is traded during normal opening hours: Monday to Friday, 9:00 to 17:25 (CET). More questions? Please contact your advisor, brokerage or bank.
In the event that your current advisor, broker or bank is not a member of the Nasdaq Nordic exchange they will most likely be able to trade through one of their counterparties. Nasdaq Nordic members.
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. As the creator of the world's first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients. To learn more, visit http://nasdaq.com/ambition or http://www.nasdaqomxnordic.com/
If your current advisor, broker or bank is unable to help, you can contact Mangold Fondkommission. Mangold Fondkommission is a Stockholm based Brokerage and Investment bank. As a member of Nasdaq (Stockholm) the company assists XBT Provider with clearing services and acts as a liquidity provider for our products. To open an account or for general inquiries please call +46 8 50301550 or visit http://www.mangold.se/.
XBT Provider constructs and issues the products. We do not, however, give any financial advice or accept client funds. For questions regarding investing or trading please contact your advisor, brokerage or bank. If you have technical questions regarding our products, please contacts us.
Financial investments are associated with risks. Before you decide to invest in a financial product, you should learn about the instrument and underlying asset before making the investment. Besides the information provided on this web-site you should read the prospectus and final terms thoroughly which can be found in the product section of this site.
The instruments are listed on Nasdaq (Stockholm) where XBT Provider AB will issue the instruments as well as provide a secondary market for trading. XBT Provider AB has appointed Mangold Fondkommission AB as market maker, meaning they will provide a bid and ask price in the order book to facilitate trading. XBT Provider is aiming to attract additional liquidity providers to the order books going forward to complement the natural flow of orders with the goal of offering a liquid market with a small spread, making the instruments attractive for all type of investors.
The products are issued by XBT Provider AB (publ). XBT Provider AB (publ) is the investors counterparty for the instrument, which means that XBT Provider is liable to pay the final settlement amount according to the terms of the instrument. XBT Provider AB (publ) is always fully hedged in terms of market risk which means that the company always owns the full amount of bitcoins to cover all outstanding liabilities.
The return of the underlying asset, bitcoin, is crucial for the result of the investment. How the bitcoin price in U.S. dollars will develop depends on a large number of factors including to what degree and with what speed bitcoin will gain acceptance globally in the mainstream economy, political risks and the success of competing technologies and cryptocurrencies.