News // March 11th, 2019



LONDON, ENGLAND, MARCH 11, 2019 — XBT Provider, the issuer of Nasdaq-traded, ether and bitcoin tracking products has been awarded ‘Most Innovative European ETP Provider’ as a result of the annual ETFExpress survey of investors, managers and industry professionals.

Past winners in this category include issuers such as: Boost ETFs (acquired by WisdomTree in 2014), ETF Securities (European business acquired by WisdomTree in 2018), Commerzbank and Deutsche Bank. Notably, this is the first time a crypto-asset tracking product has taken an award in this category.

“An ETP issuer focused entirely on digital assets (bitcoin and ether) being named ‘most innovative’ out of all European ETP Providers is a clear illustration of how much the market has changed already, particularly considering this is a category occupied by WisdomTree, Commerzbank, and ProShares” said Daniel Masters, Chairman of XBT Provider.

The XBT Provider team has a demonstrated focus on bringing new, innovative products to market for traditional investors who want exposure to the nascent digital asset market. This track record began with the listing of the first publicly traded bitcoin ETP on Nasdaq Stockholm in 2015; and continued most recently, with the listing of its ether ETPs in 2017.

“As a group, ETP issuers aspire and compete, to bring the most innovative product to investors. Both the bitcoin and ether ETPs have been met by investors with exceptional demand – one of our main markers of achievement. That said, we are humbled to win this award and excited that the team’s efforts have been recognised by a group of peers who acutely understand the rigor and complexity of designing and listing products of this nature,” said Laurent Kssis, Managing Director of XBT Provider.

This award comes at an interesting and fortifying time in the crypto-asset markets - one in which we have seen a major correction (from December 2017 highs); and in parallel, a time in which a number of respected, mainstream market participants are either directly or indirectly beginning to enter the crypto-asset investment space.

In their ninth year, the ETFExpress Awards recognise excellence among managers and service providers of exchange traded funds. The winners, who were presented with their awards in London on 7 March, were decided by a poll of ETFExpress readers, who include both investors and managers as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and distributors.

XBT Provider is the Swedish-based issuer of four exchange traded products listed on Nasdaq Stockholm, it is wholly owned by the CoinShares Group. For more information on the award, XBT Provider or CoinShares, please contact [email protected]


About XBT Provider

XBT Provider AB (Publ) (XBT Provider), a CoinShares company, is the Swedish-domiciled issuer of the Bitcoin Tracker One (COINXBT:SS), Bitcoin Tracker Euro (COINXBE:SS), Ether Tracker One (COINETH:SS) and Ether Tracker Euro (COINETHE:SS) series of certificates (collectively, the “Certificates”) which are designed to synthetically track the performance of the price of the relevant underlying crypto-asset, bitcoin or ether (in Swedish Kronor or Euro, respectively), less a fee component.

In 2015, Bitcoin Tracker One became the first bitcoin-referenced security available on a regulated exchange when it listed on Nasdaq Stockholm. In 2017, Ether Tracker One became the first ether-referenced security available on a regulated exchange when it listed on Nasdaq Stockholm. The Certificates are available and traded in the same manner as any other share or instrument listed on the Nasdaq Stockholm.

XBT Provider’s Prospectus is approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and the Certificates are governed by Swedish law. XBT Provider is not a licensed financial advisor. The views presented in this release are the opinions of the Board of XBT Provider and no other party. Bitcoin and ether are volatile assets and their prices (and the price of securities that are referenced to them) can move quickly, positively or negatively. Prospective investors in the Certificates should carefully consider the suitability of such an investment and whether they have sufficient financial resources in order to be able to bear the risks associated therewith and, in connection with such a determination, should carefully read XBT Provider’s latest Prospectus (including, in particular, the risk warnings set out therein). The Certificates do not confer on the holders thereof any claim to or against the relevant underlying crypto-asset to which they are referenced. The value and any payment due under the Certificates will be affected by the exchange rate between the US Dollar and the Euro or, as the case may be, between the US Dollar and the Swedish Kronor. Any returns upon the Certificates will not be the same as the returns which a direct investment of an equivalent sum in the relevant underlying crypto-asset could produce. The Certificates are non-equity linked, non-principal protected, unsecured and unsubordinated and do not bear interest.

Thinking of Trading? 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

Ready to start trading?

Click here for access to all product fact-sheets.

Show Me the Fact Sheets

Gain access to our mailing with product news and investor insights.

Sign-up For Mail:


Terms of Entry (Use)

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.