The world’s 1st exchange traded bitcon & Ether notes

The World’s 1st exchange traded bitcon & Ether notes

You may have first heard of ‘XBT Provider’

CoinShares is the parent company of XBT Provider AB, the issuer of Bitcoin Tracker One, Bitcoin Tracker Euro, Ether Tracker One and Ether Tracker Euro

Exchange Traded Products

Bitcoin Tracker One (COINXBT SS), Bitcoin Tracker Euro (COINXBE SS), Ether Tracker One (COINETH SS) and Ether Tracker Euro (COINETHE SS) are Exchange Traded Notes (certificates) designed to mirror the return of the underlying asset, bitcoin and ether, denominated in Swedish Kronor and Euro respectively.

The ETNs offer smart, secure exposure to bitcoin & ether via a fast and familiar (brokered) route.

COINXBT and COINETH are the first publicly traded bitcoin and ether ETNs on a regulated exchange, NASDAQ Stockholm, anywhere in the world.

PRODUCT DETAILS & INVESTOR DOCUMENTS

Both trackers are designed to mirror the return of the underlying asset, U.S. dollar (USD) per bitcoin or ether. The product is an exchange traded note designed to track the movement of the underlying asset after fees.

As the BTC/USD and ETH/USD markets are the most liquid bitcoin & ether markets widely available for trading, we regard them as the most suitable underlying asset in a bitcoin or ether product.

BTC/USD and ETH/USD are traded on a large number of exchanges and the average price of the most liquid exchanges provides the underlying reference price for the product as specified in the prospectus.

XBT Provider AB constructs and issues the products. XBT Provider AB does not, however, give any financial advice or accept client funds. For questions regarding investing or trading please contact your advisor, brokerage or bank. If you have technical questions regarding XBT Provider AB products, please contacts us.

For the timing and release of any financial disclosures please see our release calendar.

2017 Financial & Other Publications XBT Provider AB CalendarDate
Financial Statement Publication 30th April 2017
Annual Report and Auditors Report 26th May 2017
XBT Provider AB Publ Annual General Meeting 02nd June 2017
Interim Report 2017 14th July 2017
Base Prospectus Updated with SFSA 14th July 2017

HOW TO TRADE

TRADE LIKE ANY LISTED INSTRUMENT

CoinShares ETNs are traded in the same manner as any share or instrument listed on the Nasdaq exchange in Stockholm. To invest, you need an account, which is obtained through your bank, advisor or online broker. The product is listed on Nasdaq in Stockholm and is traded during normal opening hours: Monday to Friday, 9:00 to 17:25 (CET). More questions? Please contact your advisor, brokerage or bank.

IF YOUR BROKER IS NOT A MEMBER

In the event that your current advisor, broker or bank is not a member of the Nasdaq Nordic exchange they will most likely be able to trade through one of their counterparties. Nasdaq Nordic members.

LISTED ON NASDAQ IN STOCKHOLM

Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to more than 3,500 listed companies with a market value of over $9.1 trillion and more than 10,000 corporate clients.

TECHNICAL DATA

Issuer: XBT Provider AB (publ)
Underlying asset: Bitcoin denominated in USD
Leverage: 1:1
Expiry date: Open-ended
Market maker: Mangold Fondkommission AB
Exchange: Nasdaq (Stockholm)
Prospectus approved by: Swedish FSA
Annual fee: 2.5%
Clearing house: Euroclear Sweden AB
Product type: Certificate
Bloomberg: COINXBT:SS, COINXBE:SS, COINETH:SS, COINETHE:SS
NASDAQ: BITCOIN XBT, BITCOIN XBE, ETHEREUM XBT, ETHEREUM XBTE

SEK

Instrument Currency: SEK (Swedish krona)
Bitcoin ISIN Code: SE0007126024
Ether ISIN Code:SE0010296574
BTC Multiplicator: 0.005
ETH Multiplicator: 0.01

EUR

Instrument Currency: EUR (Euro)
Bitcoin ISIN Code: SE0007525332
Ether ISIN Code:SE0010296582
BTC Multiplicator: 0.05
ETH Multiplicator: 0.1

Risks

ABOUT RISKS

Financial investments are associated with risks. Before you decide to invest in a financial product, you should learn about the instrument and underlying asset before making the investment. Besides the information provided on this web-site you should read the prospectus and final terms thoroughly which can be found in the product section of this site.

LIQUIDITY RISK

The instruments are listed on Nasdaq (Stockholm) where XBT Provider AB will issue the instruments as well as provide a secondary market for trading. XBT Provider AB has appointed Mangold Fondkommission AB as market maker, meaning they will provide a bid and ask price in the order book to facilitate trading. XBT Provider AB is aiming to attract additional liquidity providers to the order books going forward to complement the natural flow of orders with the goal of offering a liquid market with a small spread, making the instruments attractive for all type of investors.

CREDIT RISK

The products are issued by XBT Provider AB (publ). XBT Provider AB (publ) is the investors counterparty for the instrument, which means that XBT Provider is liable to pay the final settlement amount according to the terms of the instrument. XBT Provider AB (publ) is always fully hedged in terms of market risk which means that the company always owns the full amount of bitcoins to cover all outstanding liabilities.

MARKET RISK

The return of the underlying asset, bitcoin, is crucial for the result of the investment. How the bitcoin price in U.S. dollars will develop depends on a large number of factors including to what degree and with what speed bitcoin will gain acceptance globally in the mainstream economy, political risks and the success of competing technologies and cryptocurrencies.

Frequently asked questions

HOW CAN I GAIN EXPOSURE TO THE BITCOIN MARKET USING “ BITCOIN TRACKER ONE” ?

By investing in “ Bitcoin tracker one” you will gain exposure towards the Bitcoin price in USD. Please note that the trading currency is SEK. “ Bitcoin tracker one” is an exchange traded note which will provide a synthetic underlying exposure to the value of Bitcoin.

WHAT IS THE MINIMUM AMOUNT TO INVEST?

The minimum amount is the price of one unit. Hence if a unit costs 15 SEK the minimum amount is 15 SEK.

WHAT ARE THE FEES?

The commission fee for trading is the commission fee that you pay to your bank, advisor or broker. The yearly management fee of “ Bitcoin tracker one” is 2, 5%.

HOW CAN I TRADE “ BITCOIN TRACKER ONE” ?

You trade “ Bitcoin tracker one” in the same manner as you trade shares. To buy, you need an account, which you obtain through your bank, advisor or online broker. Search for “ Bitcoin tracker one” or ISIN Code xxx xxxx.

The product is listed on the Nordic Derivatives Exchange (NDX)/ Nasdaq and trades under the stock exchange’s opening hours: Monday to Friday, 9:00 to 17:25 CET.

WHAT HAPPENS IF BITCOIN FORKS?

Please see our official statement(s) on this matter here & here.

WHAT IS BITCOIN?

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’ t printed, like dollars or euros – they’ re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. It’ s the first example of a growing category of money known as cryptocurrency.

WHAT IS “ BITCOIN TRACKER ONE” ?

“ Bitcoin tracker one” is an exchange traded note which will provide a synthetic underlying exposure to the value of Bitcoin.

WHO IS THE ISSUER XBT PROVIDER?

The issuer is a public limited liability company formed in Sweden with statutory seat in Stockholm, Sweden. The issuer is incorporated under Swedish law and registered with the Swedish companies’ registration office under registration number 559001-3313.

WHEN CAN I SELL “ BITCOIN TRACKER ONE” ?

The product is listed on the Nordic Derivatives Exchange (NDX)/ Nasdaq and trades under the stock exchange’s opening hours: Monday to Friday, 9:00 to 17:25. CET

WHY CAN'T I SEE ANY BUY/SELL SIDE ORDERS?

Sometimes we are experiencing order validation delays with our broker. Something we are working with them to solve.

HOW IS THE ANNUAL FEE CALCULATED?

The fee is charged from the value of the certificate every day. If all prices are unchanged (Bitcoin and USD) then the value decreases by 1/360 of 2.5% = 0.00694% per day. If you keep the certificate during one a year, the theoretical value has decreased by 2.5% excluding changes in Bitcoin and USD.

HOW IS THE VALUE OF THE INSTRUMENTS GUARANTEED?

We buy bitcoin for all money we receive through the sale of certificates which ensures that we are always 100% hedged. This means that our assets (as well as liabilities to Certificate-holders) follow the price of bitcoin. Besides this, the certificates are guaranteed by Global Advisors (Jersey) Limited.

have you read the latest asset highlight: ether?

have you read the latest asset highlight: ether?

coinshares has a rich history as a pioneer of professional crypto investment vehicles

coinshares has a rich history as a pioneer of professional crypto investment vehicles

The platform is backed by a team with deep experience in Exchange Traded Products, Hedge Funds, Commodities, FX, Market Making and both active and passive investment in frontier markets. Our team is composed of alumni from JP Morgan, Lehman Brothers & State Street; and has a near two decade record in (alternative) investment management.

The platform comprises two exchange traded bitcoin notes (COINXBT & COINXBE), two exchange traded ether notes (COINETH & COINETHE) and two funds (GABI & CoinShare Fund 1). All of these represent first of their kind products in their respective categories.

As a team our focus is on delivering the most fit-for-purpose crypto investment vehicles to market. We aim to continue our track record of first and build structures which allow for yet un-tapped pools of investment capital to access the emerging market of crypto-assets.

Get the rest of the facts on CoinShares:

Get the rest of the facts on CoinShares: