KnC Group Unit Launches Bitcoin Tracker EUR Security on Nasdaq Nordic
XBT Provider AB, a unit of the KnC Group AB, announced today the launch of Bitcoin Tracker EUR, a bitcoin-based security denominated in Euro.
The new security will be available for trading on Nasdaq Nordic from October 5th.
Alexander Marsh, Chief Executive Officer of XBT Provider, says:
We are proud to offer a Euro-denominated instrument to meet demand from investors world-wide. Bitcoin Tracker One has during periods been among the top 3 most traded ETNs on Nasdaq Nordic since launch. With Bitcoin Tracker EUR we hope to further eliminate the boundaries that earlier prevented individuals and companies from being able to actively invest in what we believe will be the future of money
Bitcoin Tracker EUR is designed to provide investors with convenient access to the returns of the underlying asset, U.S. dollar per bitcoin, less investor fees.
According to the Swedish firm, Bitcoin Tracker EUR’s prospectus has been approved by Sweden’s financial supervisory authority, Finansinspektionen, and will be admitted to trading on Nasdaq Nordic.
Staffan Helgesson, General Partner at Creandum and Board Member of XBT Provider, adds:
Bitcoin Tracker One was the world’s first financial instrument that provided consumers and institutions the possibility to invest in bitcoins without holding coins themselves. It proved that XBT Provider could launch an instrument with high liquidity that very accurately tracked the price of bitcoin. Bitcoin Tracker EUR will give the investors all the benefits of Bitcoin Tracker One, and also offer a currency they are used to invest in
XBT Provider is a public limited liability company formed in Sweden with statutory seat in Stockholm. The market maker for the security is Mangold Fondkommission, Stockholm based Brokerage and Investment bank. As a member of Nasdaq Nordic, the brokerage assists XBT Provider with clearing services and acts as a liquidity provider for Bitcoin Tracker One and Bitcoin Tracker EUR.