Bitcoin Investment Vehicle Resumes Nasdaq Trading After Acquisition

Bitcoin Investment Vehicle Resumes Nasdaq Trading After Acquisition

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....


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Bitcoin Traded Certificates Resume Nasdaq Trading Following Acquisition

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....

Publicly-Traded Bitcoin Fund XBT Provider Resumes Trading Following Acquisition by Global Advisors

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....

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