News // April 26th, 2018

XBT Provider AB by CoinShares Posts 2017 Annual Report: Record Year with 3.5X Growth In Net Income and Total Platform AUM Rising over $1 Billion


STOCKHOLM, APRIL 26, 2018 –XBT Provider AB by CoinShares, issuer of bitcoin and ether ETPs: Bitcoin Tracker One, Bitcoin Tracker Euro, Ether Tracker One and Ether Tracker Euro is pleased to publish:

The Annual Report and Accounts for the year ended 31 December 2017

Notice of Annual General Meeting together with its resolution.

Financial Growth Highlights: Net Income grew by 3.5x over prior year with OPEX growing at slightly less (2.9x) and an after tax bottom line growth of 3.7x 2016 results.

Asset Growth Highlights: AUM for the products grew by over 36x in 2017, with total platform AUM finishing the year at $1.06BN, having peaked mid-December at $1.53BN.

Comparative Performance Highlights: According to latest available statistics (April 2017 – March 2018) from NASDAQ Stockholm - XBT Provider ranks as the 2nd largest issuer by exchange traded volume ($6.5BN, 37.9%); with its 4 crypto tracking ETPs ranking in 4 of the top 5 spots for total volume traded on exchange in the same period (out of 1600+ ETPs).

Beyond financial performance, 2017 was notable for XBT Provider AB with respect to both investor access and new offerings. Investors across a number of new markets including but not limited to the UK, Belgium, France, Spain and Germany all gained access to the Bitcoin ETPs for the first time, via some of the largest brokers in each market. Additionally, in terms of offerings, the team listed two new, ground-breaking products with Ether Tracker One and Ether Tracker Euro as a result of strong customer demand – supported by AUM growth in the first 3 months of existence.

“This year was exceptional on a number of fronts, and a record-breaking year for the company in terms of financials, customer base expansion, new products and growth of total assets under management (AUM) – all things which would not be possible without an extremely dedicated team and supportive investor base. I am proud of the work from our team who relentlessly pursued new access for investors, driving a customer base expansion of over 7x; and for working hard to bring the ether ETPs to market which drove $350MM+ AUM in their first 4 months of being listed. I personally wish to thank all our people and stakeholders for their contribution to the 2017 results and look forward to what is already an exciting year,” says Laurent Kssis, CEO of XBT Provider AB by CoinShares.

With respect to the preparation of the Annual Report, the Board of Directors of XBT Provider AB wishes to acknowledge the hard work and diligence of our auditors from PwC. We would also like to note, that as an additional measure of transparency, PwC in conjunction with the CoinShares Group and affiliates worked with an independent auditor, Deloitte, to confirm the published assets holdings as stated in the annual audit by PwC.

The Annual Report and Notice of Annual General Meeting are available on the Company's website at and a copy of each document has been submitted to Bolagsverket.

XBT Provider AB (Publ), a CoinShares company, is the Swedish-domiciled issuer of Bitcoin Tracker One and Bitcoin Tracker Euro (COINXBT:SS, COINXBE:SS, respectively) and Ether Tracker One and Ether Tracker Euro (COINETH:SS and COINETHE:SS). These trackers are designed to mirror the return of the underlying asset, bitcoin (in Swedish Kronor and Euro, respectively). In 2015, Bitcoin Tracker One became the first bitcoin-referenced security available on a regulated exchange when it listed on NASDAQ in Stockholm. In 2017, Ether Tracker One became the first ether-referenced security available on a regulated exchange when it listed on NASDAQ in Stockholm. All four certificates are available in 179 countries and are traded in the same manner as any other share or instrument listed on the Nasdaq exchange in Stockholm. The Issuer's Prospectus is approved by the Swedish FSA (Finansinspektionen) and its products are listed on Nasdaq Nordic in Stockholm. XBT Provider AB (Publ) is not a licensed financial advisor. The views presented in this release are the opinions of the Board of XBT Provider AB (Publ) 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. Prospective investors in the Issuer's certificates should carefully consider the suitability of such an investment and, in connection with such a determination, should carefully read the Issuer's latest Prospectus (including, in particular, the risk warnings set out therein). For More Information regarding XBT Provider, contact us at: XBT Provider AB (Publ) [email protected] or visit our website at:

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

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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.