Scandinavia Leads Europe With Latest Bitcoin Exchange Traded Note Launch

in #bit • 7 years ago

ETN_Euro.width-800.jpgIn May of 2015, Sweden's XBT Provider AB announced the authorization of Bitcoin Tracker One, the first Bitcoin-based security available on a regulated exchange. In October of the same year, it launched Euro-denominated Bitcoin-based security, Bitcoin Tracker EUR, available through Nasdaq NordicXBT Provider is the issuer of the two Exchange Traded Notes (COINXBE & COINXBT), backed by bitcoin on Nasdaq OMX in Stockholm. Functionally, this means that XBT Provider issues certificates which track the price of bitcoin for delivery to investors who purchase the certificates on NASDAQ OMX. In June 2016, XBT Provider was acquired by asset management firm Global Advisors (Jersey).bitcoin01.jpg
How has XBT Provider performed since launching?
Price is directly correlated with the movement in price of the bitcoin. Since the price of bitcoin was in the $200s when we launched and is currently over $4800, performance has been exceptional.

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7 years ago in #bit by
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