XBT PROVIDER TAKES NEXT STEP IN INTEGRATION WITH COINSHARES; APPOINTS RYAN RADLOFF AS MANAGING DIRECTOR
09 May 2019 - 7:17AM
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 a little over 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. For more information,
please visit XBTProvider.com or email info@xbtprovider.com.
###
About XBT ProviderXBT Provider AB (Publ) (XBT
Provider), a CoinShares company, is the Swedish-domiciled issuer of
the Bitcoin Tracker One (SE0007126024), Bitcoin Tracker Euro
(SE0007525332), Ether Tracker One (SE0010296574) and Ether Tracker
Euro (SE0010296582), Litecoin Tracker One (SE0011414465), Litecoin
Tracker Euro (SE0011414457), XRP Tracker One (SE0011414481), XRP
Tracker Euro (SE0011414473), series of certificates (collectively,
the “Certificates”) which are designed to synthetically track the
performance of the price of the relevant underlying crypto-asset,
bitcoin, ether, litecoin or XRP (in Swedish Kronor or Euro,
respectively), less a fee component.
In 2015, Bitcoin Tracker One became the first bitcoin-referenced
security available on a regulated exchange when it listed on Nasdaq
Stockholm. In 2017, Ether Tracker One became the first
ether-referenced security available on a regulated exchange when it
listed on Nasdaq Stockholm. In 2019, Litecoin Tracker One
became and XRP Tracker One became the first litecoin-referenced and
XRP-referenced security available on a regulated exchange in the EU
when they listed on the Nordic Growth Market. The Certificates are
available and traded in the same manner as any other share or
instrument listed on their respective exchanges.
XBT Provider’s Prospectus is approved by the Swedish Financial
Supervisory Authority (Sw. Finansinspektionen) and the Certificates
are governed by Swedish law. XBT Provider is not a licensed
financial advisor. The views presented in this release are the
opinions of the Board of XBT Provider and no other party. Bitcoin,
ether, litecoin and XRP are volatile assets and their prices (and
the price of securities that are referenced to them) can move
quickly, positively or negatively. Prospective investors in the
Certificates should carefully consider the suitability of such an
investment and whether they have sufficient financial resources in
order to be able to bear the risks associated therewith and, in
connection with such a determination, should carefully read XBT
Provider’s latest Prospectus (including, in particular, the risk
warnings set out therein). The Certificates do not confer on the
holders thereof any claim to or against the relevant underlying
crypto-asset to which they are referenced. The value and any
payment due under the Certificates will be affected by the exchange
rate between the US Dollar and the Euro or, as the case may be,
between the US Dollar and the Swedish Kronor. Any returns upon the
Certificates will not be the same as the returns which a direct
investment of an equivalent sum in the relevant underlying
crypto-asset could produce. The Certificates are non-equity linked,
non-principal protected, unsecured and unsubordinated and do not
bear interest.
XBT Provider AB (AQSE:BIT-S.ST.GB)
Historical Stock Chart
From Jun 2024 to Jul 2024
XBT Provider AB (AQSE:BIT-S.ST.GB)
Historical Stock Chart
From Jul 2023 to Jul 2024