XBT PROVIDER Issues Statement Of Bitcoin Held By Xapo
STOCKHOLM, SEPTEMBER 28, 2017 – XBT Provider AB (Publ) (the “Issuer”), which has two series of exchange-traded certificates referenced to bitcoin listed on Nasdaq OMX in Stockholm (the “Certificates”), has taken additional steps to increase the transparency for investors regarding bitcoin held on account through its affiliate companies.
The Issuer’s accounts are audited annually, currently by PwC. In addition to this audit, the Issuer has also worked with its primary bitcoin custodian XAPO, to have produced and released a formal statement disclosing the amount of bitcoin held on account in cold storage on behalf of the Issuer and its affiliate companies.
This statement of the current balance of bitcoin in account can be found on the Issuer’s website: xbtprovider.com
This announcement comes on the back of increased demand for the Certificates, which are referenced to bitcoin, as larger institutions (such as Saxo bank, Hargreaves Lansdown, and Societe Generale) have recently begun offering the Certificates via their trading platforms.
“We have seen a new wave of buyer enter the market in the last few months, on the back of increased access and demand. Our goal is to provide the most professional and transparent products for bitcoin exposure on the market today and this move is reflective of our continued commitment,” says Ryan Radloff, Head of Investor Relations for XBT Provider.
ABOUT THE ISSUER
XBT Provider AB (Publ), a CoinShares company, is the Swedish-domiciled issuer of Bitcoin Tracker One and Bitcoin Tracker Euro (COINXBT:SS, COINXBE:SS, respectively). These trackers are designed to mirror the return of the underlying asset, bitcoin (in Swedish Kronor and Euro, respectively). In 2015, Bitcoin Tracker One became the first bitcoin-referenced security available on a regulated exchange when it listed on NASDAQ OMX in Stockholm. Both certificates are available in 179 countries and are traded in the same manner as any other share or instrument listed on the Nasdaq exchange in Stockholm. The Issuer’s Prospectus is approved by the Swedish FSA (Finansinspektionen) and its products are listed on Nasdaq Nordic in Stockholm. XBT Provider AB (Publ) is not a licensed financial advisor. The views presented in this release are the opinions of the Board of XBT Provider AB (Publ) and no other party. Bitcoin is a volatile asset and its price (and the price of securities that are referenced to it) can move quickly. Prospective investors in the Issuer’s certificates should carefully consider the suitability of such an investment and, in connection with such a determination, should carefully read the Issuer’s latest Prospectus (including, in particular, the risk warnings set out therein).
XBT Provider AB (Publ)