XBT Provider Launches Bitcoin Tracker EUR on Nasdaq Nordic

The new bitcoin-denonimated security is targeting a formal launch date of October 5, 2015 on Nasdaq Nordic.

XBT Provider AB has launched Bitcoin Tracker EUR, a new bitcoin-based security denominated in euros that will be available for trading on Nasdaq’s Nordic exchange.

XBT Provider’s Bitcoin Tracker EUR is slated to be available for trading on October 5, 2015. The newly launched Bitcoin Tracker EUR was designed to help provide market participants with convenient access to the returns of the underlying asset, i.e. the US dollar (USD) per Bitcoin – additionally, investors will incur less fees with the new security.

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Furthermore, Bitcoin Tracker EUR has already been approved by Sweden’s financial supervisory authority, Finansinspektionen. The next step will be the formal admittance to trading on Nasdaq Nordic followed by its live trading launch in October.

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According to Alexander Marsh, Chief Executive Officer of XBT Provider, in a recent statement on the launch, “We are proud to offer a Euro-denominated instrument to meet demand from investors world-wide. Bitcoin Tracker One has during periods been among the top 3 most traded ETNs on Nasdaq Nordic since launch. With Bitcoin Tracker EUR we hope to further eliminate the boundaries that earlier prevented individuals and companies from being able to actively invest in what we believe will be the future of money.”

“Bitcoin Tracker One was the world’s first financial instrument that provided consumers and institutions the possibility to invest in bitcoins without holding coins themselves. It proved that XBT Provider could launch an instrument with high liquidity that very accurately tracked the price of bitcoin. Bitcoin Tracker EUR will give the investors all the benefits of Bitcoin Tracker One, and also offer a currency they are used to invest in,” added Staffan Helgesson, General Partner at Creandum and Board Member of XBT Provider, in an accompanying statement.

Earlier today, Nasdaq Nordic made headlines after members experienced technical disturbances across its Derivatives, Fixed Income and Commodities markets.

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