XBT Provider lowers management fees to 1%
(Thomson Reuters ONE) -
STOCKHOLM, Sweden., May. 23, 2016 -- XBT Provider announced today that effective
immediately, the management fees of two of its Exchange Traded Notes (ETNs) will
be lowered. The reduction underlines the strong management capabilities of the
company as well as the intention to cater for the longer term investor.
The reduction brings the management fee for Bitcoin Tracker One and Bitcoin
Tracker EUR to 1% from its previous 2.5% level.
"We know that most of our investors invest in bitcoin and blockchain technology
with a long-term perspective," stated Johan Wattenström, XBT Provider's Co-
Founder and Chief Executive Officer. "We want to reward the commitment of those
investors seeking a blockchain allocation".
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, and exposure to blockchain technology. XBT provider is at all times
fully hedged, and always hold bitcoins equivalent to the value of ETNs issued.
XBT Provider's prospectus is approved by the Swedish FSA (Finansinspektionen)
and are available for trading on Nasdaq Nordic.
The full prospectus, as well as the audited annual report, is available on
xbtprovider.com
ABOUT THE ISSUER: 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 Stockholm, the company assists XBT Provider with clearing
services and acts as a liquidity provider for Bitcoin Tracker One.
Press release (PDF):
http://hugin.info/169069/R/2014367/746741.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: XBT Provider AB via GlobeNewswire
[HUG#2014367]
Unternehmensinformation / Kurzprofil:
Datum: 23.05.2016 - 08:30 Uhr
Sprache: Deutsch
News-ID 472810
Anzahl Zeichen: 2638
contact information:
Town:
Stockholm
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"XBT Provider lowers management fees to 1%"
steht unter der journalistisch-redaktionellen Verantwortung von
XBT Provider AB (Nachricht senden)
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