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.
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