XBT PROVIDER TAKES NEXT STEP IN INTEGRATION WITH COINSHARES; APPOINTS RYAN RADLOFF AS MANAGING DIRECTOR
STOCKHOLM - MAY 8, 2019 - The board of XBT Provider is pleased to announce the appointment of Ryan Radloff as Managing Director as the next step in completing its full integration with the CoinShares group.
Mr. Radloff, who is CEO of CoinShares, the parent to XBT Provider, will be leading the final steps of the integration, which will conclude by the end of summer with the official rebrand of XBT Provider to ‘CoinShares ETPs.’
“Investors asked us to grow our offering beyond our bitcoin roots and since joining the CoinShares family 18 months ago, we have - launching ETPs offering exposure to three new crypto assets across two exchanges. Now we’ve got much more in store, but have one small, yet important item to tend to first: as a result of that success we’ve outgrown our old branding, XBT Provider, itself a reference to the ISO currency code for bitcoin. As such you can expect to see the name slowly drop away in favor of simply ‘CoinShares ETPs’ over the summer” says Daniel Masters, Chairman of XBT Provider.
The board would also like to thank Mr. Laurent Kssis, outgoing Managing Director, for his hard work and guidance over the last two years.
Investors will feel no disruption throughout this period, the board simply wishes to provide an appropriate notice period prior to completing the full brand transition.