Bitcoin certificates resume trading following Global Advisors acquisition of XBT Provider
(Thomson Reuters ONE) -
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."
ENDS
For all media enquiries:
Global Advisors (Jersey) Limited
Phone: +44 1 534 513100
Email: info(at)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.
USEFUL LINKS & TAGS:
http://www.xbtprovider.com/lang_en/
http://www.globaladvisors.co.uk
(at)xbtprovider
(at)GABIJersey
#bitcoin
Press release (PDF):
http://hugin.info/169069/R/2020261/750293.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#2020261]
Unternehmensinformation / Kurzprofil:
Datum: 14.06.2016 - 06:00 Uhr
Sprache: Deutsch
News-ID 477411
Anzahl Zeichen: 4640
contact information:
Town:
Stockholm
Kategorie:
Business News
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"Bitcoin certificates resume trading following Global Advisors acquisition of XBT Provider"
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