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XBT certificates to be calculated independently and prices to be published on Bloomberg and Refinitiv
SAINT HELIER, Jersey, October 29, 2020 / PRNewswire / – CoinShares, Europe the largest crypto asset management company with over $ 1 billion in asset under management, announced today that the official prices for the XBT Provider ETP range will be calculated and published by Compass Financial Technologies on Bloomberg and Reuters. Compass FT is a financial services company specializing in the design, calculation and publication of market benchmarks and financial indices and is registered as a benchmark administrator under the EU benchmark regulations.
Prices to be published on Bloomberg and Refinitiv fall under the following ticker symbols:
Townsend Lansing, Product Manager at CoinShares, commented: “Transparency and trust are important considerations when selecting investment products, and our investors expect and deserve the best possible support. We are delighted to appoint Compass Financial as our agent. of independent calculation for XBT Provider, which we believe will provide investors with greater certainty and transparency regarding the price of XBT Certificates. “
The XBT Provider product line offers investors exposure to cryptocurrency through simple access to financial instruments listed on traditional and regulated stock exchanges. This suite of exchange-traded products was created in a structure familiar to investors, allowing them to be bought and sold during trading hours alongside traditional securities. The Compass Financial appointment is the latest in a series of improvements to the platform in recent months aimed at increasing transparency and providing a leaner user experience for investors.
In September, CoinShares announced that investors would be able to take advantage of it Armanino LLPThe Real Time Assurance application, which enables on-demand real-time reporting on collateral holdings that follow industry-leading standards supported by one of the top 25 independent public accounting firms.
In August, the company also announced that digital assets held to physically support the XBT Provider product range would be safeguarded from Komainu, the first hybrid custodian of digital assets for institutional investors created by the Japanese investment bank, Nomura, digital asset manager, CoinShares and digital asset security firm, Ledger.
Information about the XBT provider
XBT Provider AB (Publ) (XBT Provider), a CoinShares company, is the Swedish-based issuer of Bitcoin Tracker One (SE0007126024), Bitcoin Tracker Euro (SE0007525332), Ether Tracker One (SE0010296574) and Ether Tracker Euro (SE0010296582) ), Litecoin Tracker One (SE0011414465), Litecoin Tracker Euro (SE0011414457), XRP Tracker One (SE0011414481), XRP Tracker Euro (SE0011414473), series of certificates (collectively, the “Certificates”) designed to synthetically track the price performance of the relevant underlying crypto asset, bitcoin, ether, litecoin or XRP (in Swedish kronor or euros, respectively), minus a fee component.
In 2015, Bitcoin Tracker One became the first bitcoin-related stock available on a regulated exchange when it was listed on the Stockholm Nasdaq. In 2017, Ether Tracker One became the first referenced ether stock available on a regulated exchange when it was listed on Nasdaq in Stockholm. In 2019, Litecoin Tracker One and XRP Tracker One became, respectively, the first litecoin and XRP-related stocks available on a regulated exchange in the EU when they were listed on the Nordic growth market. The Certificates are available and traded in the same way as any other shares or instruments listed on their respective exchanges.
The XBT Provider Prospectus is approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and the Certificates are governed by Swedish law. The XBT Provider is not a licensed financial advisor. The views presented in this release are the views of the XBT Provider Board and no other party. Bitcoin, ether, litecoin and XRP are volatile assets and their prices (and the price of the securities they refer to) can move quickly, positively or negatively. Potential investors in the Certificates should carefully consider the suitability of such investment and whether they have sufficient financial resources to be able to bear the risks associated with it and, in relation to such determination, should carefully read the latest XBT Provider Prospectus. (including, in particular, the risk warnings contained therein). The Certificates do not give holders any rights in or in the relevant underlying crypto-asset to which they relate. The value of and any payments due under the Certificates will be affected by the exchange rate between the US dollar and the euro or, as the case may be, between the US dollar and Swedish krona. Any returns on the Certificates will not equal the returns that a direct investment of an equivalent amount in the relevant underlying crypto asset could produce. The Certificates are non-equity linked, unsecured, unsecured and unsubordinated and bear no interest.
For more information on XBT Provider, please visit: https://coinshares.com/etps/xbt-provider
Information on the CoinShares group
At CoinShares, our mission is to expand access to the digital asset ecosystem, while serving as a trusted partner for our customers. We believe that Bitcoin and blockchain networks are fundamental innovations that will fundamentally reshape the global financial system and that investors should be able to participate in this transformation. We achieve this mission by providing institutional-grade investment products and services for digital asset investors. CoinShares Group is a pioneer in digital asset investment and manages hundreds of millions of assets on behalf of a global investor base, with offices in Jersey, Stockholm, London, is New York.
For more information on CoinShares, please visit: https://coinshares.com/
Contact with the media
Jay Morakis
+1 646 859 5951
[email protected]
SOURCE CoinShares Group
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