Key Product Facts
- XRP is a form of digital currency, created and held electronically. It is native asset of the XRP blockchain.
- In 2019, XRP Tracker One became the first XRP-based security available on a regulated exchange in the EU when it listed on NGM in Stockholm.
- The certificates provide exposure to the performance of the digital currency XRP by synthetically tracking performance of the price of XRP (XRP/USD) less a fee.
- The XRP/USD market is the most liquid XRP market widely available for trading, we regard it as the most suitable underlying index to track in a XRP 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.
- XRP is purchased for money received through the sale of certificates which ensures that the certificates are hedged and structured to follow the price of XRP.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
- Name XRP Tracker One
- Asset Class Digital Asset
- Type Exchange Traded Product (ETP)
- Inception Date April 5, 2019
- Underlying Asset XRP (XRP/USD)
- Base Currency SEK
- Leverage 1:1
- Minimum Investment 1 Security
- Annual Management Fee 2.5%
- Expiry Date April 9, 2021
- 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 COINXRP
- ISIN SE0011414481
- WKN A2UCQT
- Settlement Period T+2
- Listing Date April 5, 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
Accrued Fee Since Inception
Index Price - Fee
Last updated 2020-10-31 00:30:06 UTC
*Fair Value is not indicative of current market price; index sources listed in prospectus
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