Investor Resources Daily Hedging Position

Each Certificate purchased by an investor creates an obligation to pay that investor an amount based on performance of the relevant digital currency less the relevant fee. To ensure this obligation can be met, the relevant digital currency is held in either physical or synthetic form.

The tables below show the total client obligation in relation to the Certificates in issue, and the total holdings of the digital currency used to meet this obligation (split between physical and synthetic). Simply put, the tables illustrate assets held versus the liability arising from the outstanding Certificates.

For further information on the hedging see the FAQ "How does XBT Provider gain exposure to the underlying cryptocurrency?"

Furthermore, in order to provide additional transparency over the digital assets held to hedge the XBT Provider ETPs issued and outstanding, we have engaged Armanino LLP (a top 25 audit, accounting and business consulting firm) to independently perform agreed-upon procedures under the AICPA's Attestation Standards. These procedures are performed at intervals of 30 minutes, with the results available for download immediately.

Investors can view and download these results on Armanino’s website by clicking here.

Note, this link will open a new tab in your browser.

Data shown in the tables below is close of market as of 18th September 2020

Bitcoin

Relevant ETPs Value of Certificates
Outstanding (USD)
Physical Bitcoin
Held (USD)
Synthetic Bitcoin
Held (USD)
Total
Position (USD)
Bitcoin Tracker One
Bitcoin Tracker Euro
$720,427,890 $694,969,840 $73,602,723 $768,572,564

Ethereum

Relevant ETPs Value of Certificates
Outstanding (USD)
Physical Ethereum
Held (USD)
Synthetic Ethereum
Held (USD)
Total
Position (USD)
Ether Tracker One
Ether Tracker Euro
$238,480,166 $239,047,800 $15,447,247 $254,495,047

Litecoin

Relevant ETPs Value of Certificates
Outstanding (USD)
Physical Litecoin
Held (USD)
Synthetic Litecoin
Held (USD)
Total
Position (USD)
Litecoin Tracker One
Litecoin Tracker Euro
$1,035,753 $1,094,479 - $1,094,479

XRP

Relevant ETPs Value of Certificates
Outstanding (USD)
Physical XRP
Held (USD)
Synthetic XRP
Held (USD)
Total
Position (USD)
XRP Tracker One
XRP Tracker Euro
$2,175,643 $2,614,086 $-330,528 $2,283,558
For more information, please visit our Investor Resources page.

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