Litecoin Tracker Euro

D/D: 2.98%
YTD: -12.87%
AUM: 254,347.25 USD

Litecoin Tracker Euro

2.98%
YTD: -12.87%
AUM: 254,347.25 USD

AUM as of 2020-09-22

Key Product Facts


  • Litecoin is a form of digital currency, created and held electronically. It is native asset of the Litecoin blockchain.
  • The certificates provide exposure to the performance of the digital currency litecoin by synthetically tracking performance of the price of litecoin (LTC/USD) less a fee.
  • The LTC/USD market is the most liquid litecoin market widely available for trading, we regard it as the most suitable underlying index to track in a litecoin product.
  • The certificates are non-equity linked securities traded in the same manner as any share or instrument listed on NGM 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.
  • Litecoin is purchased for money received through the sale of certificates which ensures that the certificates are hedged and structured to follow the price of litecoin.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 Litecoin Tracker Euro
  • Asset Class Digital Asset
  • Type Exchange Traded Product (ETP)
  • Inception Date March 22, 2019
  • Underlying Asset Litecoin (LTC/USD)
  • Base Currency EUR
  • Leverage 1:1
  • Minimum Investment 1 Security
  • Annual Management Fee 2.5%
  • Expiry Date March 31, 2021
  • 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
  • Market Maker Mangold Fondkommission AB
  • Clearing House Euroclear Sweden AB
  • Prospectus Approved By Swedish Financial Supervisory Authority (FSA)
  • LISTING AND CODES
  • Exchange NGM
  • Country Sweden
  • Trading Currency EUR
  • NGM Ticker COINLTCE
  • ISIN SE0011414457
  • WKN A2UBRL
  • Settlement Period T+2
  • Listing Date March 29, 2019

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

$44

FX Rate

0.853985

37.65 eur

Index Price

38 eur

Accrued Fee Since Inception

2.17 eur

35.48 eur

Index Price - Fee

35 eur

Divisor

0.5

Fair Value

17.74 eur

Last updated 2020-09-22 21:26:46 UTC

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

Historic Data

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