Bitcoin Certificates Resume Trading Following Global Advisors Acquisition of XBT Provider
The XBT Provider instruments Bitcoin Tracker One (Ticker: COINXBT) and Bitcoin Tracker EUR (Ticker: COINXBE) resumed trading at 09.00 a.m. (CET) at Nasdaq Nordic in Stockholm.
Nasdaq has approved Global Advisors (Jersey) Limited as the new guarantor of the ETC’s (Exchange Traded Certificates). The XBT Group has also, effective today, become a subsidiary of Global Advisors (Jersey) Limited (GAJL).
Bitcoin Tracker One and Bitcoin Tracker EUR are designed to provide investors with convenient and liquid access to the returns of the underlying asset, bitcoin. XBT Provider is at all times fully hedged, and always holds bitcoins equivalent to the value of ETCs issued.
Johan Wattenström, CEO and co-founder of the XBT Group said:
“We would like to thank Nasdaq and Global Advisors for their hard work and commitment to achieving a fast resolution. We have been very satisfied cooperating with all involved parties and are looking forward to a long-term partnership. As part of Global Advisors, we now have the capabilities and means to accelerate the expansion of our business and provide investors with a broad range of products and services for safe and easy exposure to bitcoin markets.”
Daniel Masters, Co-Founder and Director of GAJL added:
“We believe bitcoin will change the world. Acquiring control of XBT Group is a unique opportunity to increment our strategy of creating access to bitcoin as an asset class. XBT’s products offer one-click, delta-one exposure to bitcoin via a wide range of electronic trading platforms. We look forward to sharing with XBT the benefits our best-practices and experience managing the Global Advisors Bitcoin Investment Fund.”
XBT Provider: http://www.xbtprovider.com/lang_en/
Global Advisors: http://www.globaladvisors.co.uk/
NOTES:
1. 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.
2. The XBT Group companies under the control of GAJL will adhere to all frameworks regarding compliance, reporting, risk management and corporate governance that would apply if XBT Group were conducting such a business under Jersey regulations. The full prospectus, as well as the audited annual report, is available on xbtprovider.com – a new prospectus incorporating these changes will be issued as soon as possible.
3. Global Advisors (Jersey) Limited (a Registered Private Company – number 102184) and its predecessor companies have provided professional asset management in commodities since establishment in 1999. Based in St Helier, Jersey in the Channel Islands the company currently focuses on bitcoin investment products and blockchain technology companies. GAJL is regulated by the Jersey Financial Services Commission.
4. The Global Advisors Bitcoin Investment Fund PLC, is an expert Fund constituted under Collective Investment Funds (Jersey) Law 1988.
5. Mangold Fondkommission is a Stockholm based brokerage and Investment bank. As a member of Nasdaq Stockholm, the company assists XBT Provider with clearing services and acts as a liquidity provider for Bitcoin Tracker One and Bitcoin Tracker EUR.
Related News
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....
The XBT Provider instruments Bitcoin Tracker One (Ticker: COINXBT) and Bitcoin Tracker EUR (Ticker: COINXBE) have resumed trading in Stockholm after Nasdaq approved Global Advisors (Jersey) Limited as the new guarantor of the Exchange Traded Certificates (ETC) with XBT Group becoming a subsidiary of GAJL after its main stockholder, Bitcoin miner firm KnC Miner, declared bankruptcy. Trading of the company’s two instruments was halted by Nasdaq Nordic on May 27. During the two-week absence of the instruments, Bitcoin prices had risen by around $200. Following the bankruptcy of KnC Miner, XBT....
A bitcoin trading option targeting European investors and listed on Nasdaq Nordic is once again live after the sudden bankruptcy of one of its principal backers. XBT Provider, the operator of Bitcoin Tracker One and Bitcoin Tracker EUR, announced today its acquisition by Global Advisors – a Jersey-based hedge fund specializing in digital currency. With the move, trading in XBT's exchange traded certificates (ETCs) is again active after being halted in late May due to the bankruptcy of KnC Group, XBT's former guarantor and 72% owner. Nasdaq has approved Global Advisors as the firm's new....
The Channel Islands Securities Exchange has announced that it has listed its first regulated bitcoin fund listing, the Jersey’s Global Advisors Investment Fund plc. As the largest of the Channel Islands located between England and France, Jersey, a U.K. dependency, now has the opportunity to push the island’s FinTech sector forward. Jersey Island is pushing efforts to become a Fintech hub. According to Daniel Masters, principal of Global Advisors, the time was ‘right’ for the listing, which is helped by the fact that the digital currency Bitcoin now has a market cap of just under $13....
Gemini’s future plans involve giving financial advisors access to crypto for their high profile investors. Crypto exchange Gemini announced Thursday that it had agreed to purchase Bitria, a San Fransisco-based start-up that provides traditional portfolio management tools for use in crypto investments. The goal of Bitria is to provide a platform for traditional asset managers and financial advisors to use in helping their clients invest in cryptocurrencies. Gemini said that it seeks to integrate Bitria’s Separately Managed Accounts and its Digital Turnkey Asset Management platform into its....