XBT Provider to Launch Second Bitcoin Tracker on Nasdaq Nordic
Bringing Bitcoin to major financial exchanges has proven to be quite fruitful for the adoption of virtual currency. Various Bitcoin ETF’s are in the process of launching on Nasdaq, but the European counterpart — called Nasdaq Nordic — might beat them to the punch. If XBT Provider has a say in the matter, they will launch Bitcoin Tracker EUR on Nasdaq....
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Bitcoin firm XBT Provider AB has announced the launch of Bitcoin Tracker EUR which is a Bitcoin-based security denominated in Euro and it will be available for trading on Nasdaq Nordic on October 5th, 2015. The product has been designed with the aim to provide investors with convenient access to the returns of the underlying asset, U. S. dollar per coin and lesser investor fees. Sweden's financial supervisory authority Finansinspektionen has approved the prospectus of Bitcoin Tracker EUR's. Expressing happiness over the development, Alexander Marsh, Chief Executive Officer of XBT Provider....
XBT Provider, a Swedish company that has launched the world’s first Bitcoin-backed instrument on a regulated exchange (Nasdaq Nordic) is planning a global expansion following its success in the Scandinavian region. The firm manages two Bitcoin instruments called Bitcoin Tracker One and Bitcoin Tracker Euro. The latter was launched with the approval Sweden's financial supervisory authority, Finansinspektionen, on October 5, 2015, for the purpose of mirroring the return of the underlying asset, U.S. dollar per Bitcoin. Bitcoin Tracker Euro as an exchange-traded note (ETN) has since become....
XBT Provider AB, having launched what it claims is the world’s first bitcoin-based instrument on a regulated exchange, Nasdaq Nordic, plans to expand globally with its Bitcoin Tracker One and Bitcoin Tracker Euro, the latter having performed well against major reserve currencies and global asset classes, according to Nasdaq. The Stockholm, Sweden-based company plans to secure larger investments from institutional clients. XBT Provider is part of the KnCGroup AB, which also owns KnCMiner AB, a bitcoin processing technology provider. Bitcoin Tracker Euro launched with the approval Sweden’s....
A bitcoin investment vehicle designed to enable European investors with liquid access to returns of bitcoin is now live again on Nasdaq Nordic following its acquisition by a US hedge fund. XBT Provider, a fully hedged bitcoin investment vehicle and the developer of Bitcoin Tracker (COINXBT) and Bitcoin Tracker EUR (COINXBE) has announced its acquisition by Jersey-based hedge fund Global Advisors. Following its acquisition, XBT Provider instruments have resumed trading at Nasdaq Nordic in Sweden. The acquisition also means that Global Advisors will become the new guarantor of Exchange....
XBT Provider, known for their Bitcoin-backed tracker on the Nasdaq Nordic exchange, is very optimistic about the future of Bitcoin and its price as adoption of blockchain technology will bring more validity and legitimacy to the concept of Bitcoin in due time. Whereas hardly anybody gave the concept of blockchain technology any credita few years ago,....