We are pleased to inform you that G&T Trader clients can now get exposure to Bitcoin through two new Exchange Traded Notes (ETNs) designed to track the movement of Bitcoin against the US Dollar (BTC/USD)!
Interest in cryptocurrencies has grown exponentially in 2017 thanks, in large part, to increased supply and demand in China and Japan. As a result, traders have increasingly yearned for a product that enables them to speculate on the price of Bitcoin, the original and most well-known cryptocurrency.
The Bitcoin Network possesses the “first-to-market” advantage and thus far has captured the majority of the industry’s market share and is secured by a mining network with significantly more processing power than any of other Digital Math-Based Asset. Due to its low correlation with other asset classes, it also acts as a portfolio diversifier.
In response to this growing interest, G&T Trader has added two new Exchange Traded Notes (ETNs) to its offering: (1) ‘Bitcoin Tracker One’ is traded in Swedish krona (SEK) and (2) ‘Bitcoin Tracker EURO’ is traded in Euro (EUR). Both ETNs are issued by XBT Provider AB and traded on Nasdaq OMX (Stockholm).
Product type: Certificate (Exchange Traded Note)
Symbols: BITCOIN_XBT:xome (SEK) / BITCOIN_XBTE:xome (EUR)
Exchange: Nasdaq OMX (Stockholm)
Issuer: XBT Provider AB (publ)
Underlying asset: Bitcoin nominated in USD
Leverage: 1:1 Expiry date: Open-ended Annual Asset Management fee: 2.5%
Issuer website:Click here
Please find here attached the detailed Fact Sheet of Bitcoin Tracker One (COINXBT SS) and Bitcoin Tracker Euro (COINXBE SS)
The Bitcoin trackers will be enabled automatically on your platform. The easiest way to find these new instruments is by typing “bitcoin” in G& T Trader search tool and they will appear in the search result list. Please note that you need to subscribe to NASDAQ OMX (Stockholm) exchange in order to see instrument prices. Subscription occurs in the following way: Account > Subscriptions > Stock Exchanges> NASDAQ OMX
