News // May 17th, 2015

Bitcoin Just Reached Another Milestone In Its Road To Legitimacy

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"Bitcoin is inching closer to legitimacy.

The digital currency reached an important milestone Monday as the first regulated bitcoin-based security began trading in Stockholm.

Bitcoin Tracker One, the name of the security, rose in its first trading session, finishing at 9.73 krona, compared with an opening value of 9.69, according to data on Nasdaq OMX Nordic’s website. The security is listed on Nasdaq’s Stockholm-based exchange."

Source: Market Watch.

Thinking of Trading? Common Investor Questions

How Do I Trade?

Bitcoin Tracker One, Bitcoin Tracker Euro, Ether Tracker One and Ether Tracker Euro are 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), except holidays. More questions? Please contact your advisor, brokerage or bank.

What Backs the Products?

We buy the relevant amount of bitcoin and/or ether upon issuance of a new certificate which ensures that we are always 100% hedged and able to support the outstanding value of the product. This means that our assets (as well as liabilities to Certificate-holders) follow the price of bitcoin and ether. Additionally, the certificates are guaranteed by Global Advisors (Jersey) Limited.

Where Can I Trade?

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 XBTProvider 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.

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Users must accept these terms before they can proceed to access this website. By proceeding to access the information contained, referred or linked to on this website, users shall be deemed to have represented and warranted that the applicable laws and regulations of their relevant jurisdiction allow them to do so.

It should, in particular, be noted that the Tracking ETPs referenced on this website have not been, and will not be, registered under the Securities Act 1933, as amended of the United States (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States and may include securities in bearer form that are subject to United States tax law requirements. Such Tracking ETPs may not be offered, sold or (in the case of bearer securities) delivered within the United States or to, or for the account or benefit of, US persons, except pursuant to offers and sales in an offshore transaction that occurs outside the United States in accordance with the applicable provisions of Rule 903 of Regulation S under the Securities Act or pursuant to another available exemption from the registration requirements under the Securities Act.