Bitcoin Tracker Euro

D/D: 0.78%
YTD: 46.73%
AUM: 366,956,773.08 USD

Bitcoin Tracker Euro

0.78%
YTD: 46.73%
AUM: 366,956,773.08 USD

AUM as of 2020-06-03

Key Product Facts

  • Bitcoin is a form of digital currency, created and held electronically. It is the first decentralized, digital currency and has the largest market cap of any digital currency.
  • In October 2015 Bitcoin Tracker Euro became the second bitcoin-based security available on a regulated exchange, following its sister product which listed 5 months prior.
  • The certificates provide exposure to the performance of the digital currency bitcoin by synthetically tracking performance of the price of bitcoin (BTC/USD) less a fee.
  • The BTC/USD market is the most liquid bitcoin market widely available for trading, we regard it as the most suitable underlying index to track in a bitcoin product.
  • The certificates are non-equity linked securities traded in the same manner as any share or instrument listed on Nasdaq exchange in Stockholm.
  • XBT Provider's prospectus is approved by the Swedish FSA (Finansinspektionen).
  • To invest, you need an account, which is obtained through your bank, advisor or online broker.
  • Bitcoin is purchased for money received through the sale of certificates which ensures that the certificates are hedged and structured to follow the price of bitcoin.The certificates are guaranteed by CoinShares (Jersey) Limited.
  • The Certificate is denominated in EUR thus here will be a foreign exchange exposure between USD and the EUR which could impact (+/-) the market value and final return from the certificates.

Key Product Information

  • OVERVIEW
  • Name Bitcoin Tracker Euro
  • Asset Class Digital Asset
  • Type Exchange Traded Product (ETP)
  • Inception Date October 09, 2015
  • Underlying Asset Bitcoin (BTC/USD)
  • Base Currency SEK
  • Leverage 1:1
  • Minimum Investment 1 Security
  • Annual Management Fee 2.5%
  • Expiry Date Open-ended
  • STRUCTURE
  • Domicile Sweden
  • Replication Method Synthetic
  • Legal Structure Certificate
  • LEGAL AND TAX
  • UCITS Eligible Please see footnote 1
  • UK Reporting Fund Status Yes
  • UK ISA Eligible Yes
  • KEY SERVICE PROVIDER
  • Issuer XBT Provider AB
  • Issuer Auditor Öhrlings PricewaterhouseCoopers AB
  • Frequency of Audit Annual
  • Guarantor CoinShares (Jersey) Limited (formerly known as Global Advisors (Jersey) Limited)
  • Guarantor Auditor Baker Tilly International Limited
  • Frequency of Audit Annual
  • Custodian Coinbase UK, Limited
  • Frequency of Statement of Accounts Annual
  • Market Maker Mangold Fondkommission AB
  • Clearing House Euroclear Sweden AB
  • Prospectus Approved By Swedish Financial Supervisory Authority (FSA)
  • LISTING AND CODES
  • Exchange Nasdaq Stockholm
  • Country Sweden
  • Trading Currency EUR
  • Nasdaq Ticker BITCOIN XBTE
  • ISIN SE0007525332
  • WKN A2CBL5
  • Bloomberg Ticker COINXBE:SS
  • Yahoo! Finance Ticker BITCON-XBTE.ST
  • Settlement Period T+2
  • Listing Date 09-10-2015

1 Currently, UCITS eligibility for delta 1 ETPs referencing traditionally "ineligible" assets (such as commodities) varies by jurisdiction. CoinShares has extensive experience with the analysis and approach taken by market participants on UCITS eligibility. While we cannot give legal advice, CoinShares is happy to discuss its experience in this space. If you would like to find out the details from this analysis, please contact us.

Fair Value Calculation

Index Price

$9,738

FX Rate

0.885485

8,622.61 eur

Index Price

8,623 eur

Accrued Fee Since Inception

509.88 eur

8,112.74 eur

Index Price - Fee

8,113 eur

Divisor

0.05

Fair Value

405.64 eur

Last updated 2020-06-04 15:12:13 UTC

*Fair Value is not indicative of current market price; index sources listed in prospectus

Historic Data

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