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XBT Provider AB (publ) announced today the authorization of Bitcoin Tracker One, the first bitcoin-based security available on a regulated exchange.

World Stock Markets & Stock Index Performance - Businessweek
Stockholm, SWEDEN (April 28, 2014) - XBT Provider AB (publ) announced today the authorization of Bitcoin Tracker One, the first bitcoin-based security available on a regulated exchange. XBT Provider is launching this financial instrument to meet the needs of investors' growing appetite for exposure to Bitcoin prices.
Alexander Marsh, Chief Executive Officer of XBT Provider, says: "We are proud to offer the world's first "Bitcoin tracker" to be traded on a regulated exchange. By enabling this easy and secure way to invest in Bitcoin we hope to have eliminated the boundaries that earlier prevented individuals and companies from being able to actively invest in what we believe to be the future of money."
Bitcoin Tracker One is designed to provide investors with convenient access to the returns of the underlying asset, U.S. dollar (USD) per bitcoin, less investor fees. Bitcoin Tracker One is authorized by Sweden's financial supervisory authority, Finansinspektionen, and will be admitted to trading on Nasdaq Stockholm. The first day of trading is expected to be May 18th, 2015.
Staffan Helgesson, General Partner at Creandum and Board Member of XBT Provider, says: "These are exciting times for the bitcoin ecosystem. Bitcoin Tracker One will be the world's first financial instrument that provides consumers and institutions the possibility to invest in bitcoins without holding coins themselves"
The full prospectus is available on
XBT Provider AB (publ) is a public limited liability company formed in Sweden with statutory seat in Stockholm. The issuer is incorporated under Swedish law and registered with the Swedish companies' registration office under registration number 559001-3313.
Mangold Fondkommission is a Stockholm based Brokerage and Investment bank. As a member of Nasdaq Stockholm the company assists XBT Provider with clearing services and acts as a liquidity provider for Bitcoin Tracker One.
Alexander Marsh
Phone: +46 733 325 643
E-mail: [email protected]
Johan Wattenström
Phone: +46 723 015 656
E-mail: [email protected]
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: XBT Provider AB via Globenewswire
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The CEO has clarified that the upcoming halving of bitcoin block reward is part of the reason their company is finding it hard to show a profit, and therefore has had to declare bankruptcy. KnCMiner was started in 2013, and had successfully raised $32 million from venture capitalists, including from firms Creandum and Accel. Creandum said it may take another three years before it is clear whether Bitcoin is a bubble, or whether this is "the beginning of a new world". In December, the digital currency was dealt a blow when the People's Bank of China banned financial institutions, though not individuals, from trading in Bitcoins. In a nutshell, because KnC has first dibs on providing collateral to XBT, it can use the vehicle as a conduit to offload bitcoin stock for fiat without collapsing the price on the highly illiquid We bring new Bitcoin miners alive! KnCMiner focuses on producing miners for cryptocurrencies. We are a Swedish company with long expertise within the ASIC and FPGA field. Have a look at our website for more information of our company and products. When it comes to approving a Bitcoin ETF, the SEC is playing a game of hardball. Over the past couple of years, the United States’ Securities and Exchange Commission has rejected multiple Bitcoin ETFs, with the number now including over 10 rejected proposals. The latest proposal to bite the dust came from Wilshire Pheonix, a...

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