New Bitcoin Product Launch on Nasdaq by XBT Provider
XBT Provider AB (publ) announced launch of Bitcoin Tracker EUR, a bitcoin-based security denominated in Euro. Bitcoin Tracker EUR will be available for trading on Nasdaq Nordic on October 5th.
Alexander Marsh, Chief Executive Officer of XBT Provider, says:
"We are proud to offer a Euro-denominated instrument to meet demand from investors world-wide. Bitcoin Tracker One has during periods been among the top 3 most traded ETNs on Nasdaq Nordic since launch. With Bitcoin Tracker EUR we hope to further eliminate the boundaries that earlier prevented individuals and companies from being able to actively invest in what we believe will be the future of money”
Bitcoin Tracker EUR is designed to provide investors with convenient access to the returns of the underlying asset, U.S. dollar (USD) per bitcoin, less investor fees. Bitcoin Tracker EUR’s prospectus has been approved by Sweden's financial supervisory authority, Finansinspektionen, and will be admitted to trading on Nasdaq Nordic. The first day of trading is expected to be October 5th.
Staffan Helgesson, General Partner at Creandum and Board Member of XBT Provider, says:
"Bitcoin Tracker One was the world’s first financial instrument that provided consumers and institutions the possibility to invest in bitcoins without holding coins themselves. It proved that XBT Provider could launch an instrument with high liquidity that very accurately tracked the price of bitcoin. Bitcoin Tracker EUR will give the investors all the benefits of Bitcoin Tracker One, and also offer a currency they are used to invest in"
About XBT Provider
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.
About the Market Maker: Mangold Fondkommission
Mangold Fondkommission is a Stockholm based Brokerage and Investment bank. As a member of Nasdaq Nordic the company assists XBT Provider with clearing services and acts as a liquidity provider for Bitcoin Tracker One and Bitcoin Tracker EUR.
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