News // May 8th, 2019

XBT PROVIDER TAKES NEXT STEP IN INTEGRATION WITH COINSHARES; APPOINTS RYAN RADLOFF AS MANAGING DIRECTOR

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STOCKHOLM - MAY 8, 2019 - The board of XBT Provider is pleased to announce the appointment of Ryan Radloff as Managing Director as the next step in completing its full integration with the CoinShares group.

Mr. Radloff, who is CEO of CoinShares, the parent to XBT Provider, will be leading the final steps of the integration, which will conclude by the end of summer with the official rebrand of XBT Provider to ‘CoinShares ETPs.’

“Investors asked us to grow our offering beyond our bitcoin roots and since joining the CoinShares family 18 months ago, we have - launching ETPs offering exposure to three new crypto assets across two exchanges. Now we’ve got much more in store, but have one small, yet important item to tend to first: as a result of that success we’ve outgrown our old branding, XBT Provider, itself a reference to the ISO currency code for bitcoin. As such you can expect to see the name slowly drop away in favor of simply ‘CoinShares ETPs’ over the summer” says Daniel Masters, Chairman of XBT Provider.

The board would also like to thank Mr. Laurent Kssis, outgoing Managing Director, for his hard work and guidance over the last two years.

Investors will feel no disruption throughout this period, the board simply wishes to provide an appropriate notice period prior to completing the full brand transition. 

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 http://www.mangold.se.

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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.