Litecoin Tracker One

D/D: -8.91%
YTD: 54.81%
AUM: 679,525.95 USD

Litecoin Tracker One

-8.91%
YTD: 54.81%
AUM: 679,525.95 USD

AUM as of 2020-09-21

Key Product Facts

  • Litecoin is a form of digital currency, created and held electronically. It is native asset of the Litecoin blockchain.
  • In 2019, Litecoin Tracker One became the first litecoin-based security available on a regulated exchange when it listed on NGM's NDX in Stockholm.
  • 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 SEK thus here will be a foreign exchange exposure between USD and the SEK which could impact (+/-) the market value and final return from the certificates.

Key Product Information

  • OVERVIEW
  • Name Litecoin Tracker One
  • Asset Class Digital Asset
  • Type Exchange Traded Product (ETP)
  • Inception Date March 22, 2019
  • Underlying Asset Litecoin (LTC/USD)
  • Base Currency SEK
  • 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 SEK
  • NGM Ticker COINLTC
  • ISIN SE0011414465
  • WKN A2UBRM
  • Settlement Period T+2
  • Listing Date March 22, 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

8.85108

385.15 sek

Index Price

385 sek

Accrued Fee Since Inception

23.26 sek

361.89 sek

Index Price - Fee

362 sek

Divisor

0.05

Fair Value

18.09 sek

Last updated 2020-09-22 03:57:08 UTC

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

Historic Data

Product News

Have more questions?

Click here for access to all product fact sheets.

Show Me the Fact Sheets

Sign up for our mailing list to receive product news & updates.

Sign up For Product Updates:

Subscribe