XBT Provider Receives Approval for and Publishes Updated Prospectus
August 31 2021 - 11:30AM
XBT Provider Receives Approval for and Publishes Updated Prospectus
STOCKHOLM – August 31, 2021 –
This release contains regulated information.
The board of XBT Provider AB (Publ) (“XBT Provider”) is pleased
to announce the publication of its updated prospectus, approved by
the Swedish Financial Supervisory Authority.
The board is also pleased to announce that it has appointed
CoinShares Capital Markets (Jersey) Limited (CSCM) as
Guarantor. CSCM has replaced the current guarantor,
CoinShares (Jersey) Limited. CSCM also provides the hedging
arrangements for XBT Provider under the terms of the Collateral
Management Agreement as Hedge Counterparty. This new
appointment will better protect investor interests by aligning the
Guarantor and the Hedge Counterparty into a single entity.
The updated prospectus can be found on the XBT Provider website
here: https://xbtprovider.com/financial-reports.
For more information, please
visit https://xbtprovider.com or email
info@xbtprovider.com.
###
About XBT Provider
XBT 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), series of
certificates (collectively, the “Certificates”) which are designed
to synthetically track the performance of the price of the relevant
underlying crypto-asset, bitcoin or ether, (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. 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 and ether, 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.
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