News // September 9th, 2015

Bitcoin Tracker One Changes Regarding Underlying Exchanges


The global bitcoin market is developing at a rapid pace. In order to ensure that Bitcoin Tracker One always mirrors the bitcoin/USD price as correctly as possible, XBT Provider continuously evaluates which bitcoin markets that are best suited to be used as underlying markets for the ETN. An important development the last few months is the emergence of regulated US bitcoin exchanges.

XBT Provider has decided to change the composition of the underlying exchanges in order to make sure that we continue to offer the best bitcoin tracker product possible.

Effective September 15th, the new regulated US bitcoin exchanges Itbit and Coinbase Exchange will be added as underlying exchanges.

XBT Provider is convinced that this change is in the interest of all holders of the ETN and makes the ETN an even better and more secure product to invest in.

For any questions please contact us on [email protected]

Common Investor Questions

How Do I Trade?

The tracking ETPs are traded in the same manner as any share or instrument listed on Nasdaq Stockholm (in the case of BTC and ETH), or the Nordic Growth Market (in the case of LTC and XRP). To invest, you need an account, which is obtained through your bank, advisor or online broker. The products are traded during normal opening hours except holidays (NGM). More questions? Please contact your advisor, brokerage or bank.

What Backs the Products?

We buy the relevant amount of bitcoin, ether, litecoin or XRP 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 CoinShares (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 the exchanges, 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

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