XBT Provider launches bitcoin-based security on Nasdaq Stockholm

Source: XBT Provider AB

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".

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