News // May 30th, 2016

Instruments’ Trading Halted Pending Approval Of New Guarantor


STOCKHOLM, Sweden., May. 30, 2016 -- Trading on XBT Provider’s bitcoin ETNs, Bitcoin Tracker One and Bitcoin Tracker EUR, will be halted pending approval of a new guarantor

XBT Provider is currently in discussion with multiple interested parties and is planning to present a new guarantor to Nasdaq as soon as an agreement has been reached

The reason for the trading halt is the bankruptcy of KnC Group AB, XBT Provider’s former guarantor. That event does not, however, in any way affect investor assets, since the notes are always fully hedged by holding the underlying (bitcoins) in secure storage.

XBT Provider is working hard in order to resume trading in the instruments on Nasdaq Nordic and will keep the markets informed on any developments.The value of the instruments can be followed on our web-page

If there will be no quick resolution, XBT Provider will offer a redemption program for investors to accommodate those wishing to exit the instrument before a new guarantor is in place.

Bitcoin Tracker One and Bitcoin Tracker EUR are designed to provide investors with convenient and liquid access to the returns of the underlying asset, bitcoin, and exposure to blockchain technology. XBT provider is at all times fully hedged, and always hold bitcoins equivalent to the value of ETNs issued. XBT Provider's prospectus is approved by the Swedish FSA (Finansinspektionen) and is issued for trading on Nasdaq Nordic.

The full prospectus, as well as the audited annual report, is available on


XBT Provider AB (publ) 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.


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 Bitcoin Tracker One and Bitcoin Tracker EUR.

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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