XBT Provider AB to Launch a New Bitcoin Product on Nasdaq Nordic

Bitcoin company XBT Provider AB has announced the launch of Bitcoin Tracker EUR, a euro-denominated bitcoin security that will be traded on Nasdaq Nordic on October 5, 2015.

This product is designed to provide investors with a convenient way to earn income on their underlying assets and every penny, while reducing investors' costs.

The Swedish Financial Supervisory Authority Finansinspektionen has approved the prospectus for Bitcoin Tracker EUR.

Alexander Marsh, CEO of XBT Provider, expressed his satisfaction with the move and said that the company is proud to be able to list euro-denominated financial instruments and that it will definitely meet the needs of global investors.

Marsh also highlighted that Bitcoin Tracker One has been ranked in the top 3 in Nasdaq Nordic ETNs trading volume rankings several times since its launch.

At the same time, he also hopes that Bitcoin Tracker EUR can further eliminate the barriers that hindered individual and corporate investment in the early days.

Staffan Helgesson, general partner at Creandum and member of the board of directors of XBT Provider, said Bitcoin Tracker One is the first financial tool in the world to provide consumers and institutions with the ability to invest in virtual currencies rather than using real money.

Helgesson also said that it has been clearly demonstrated that XBT Provider is not only able to issue instruments with high liquidity, but also to accurately track the prices of cryptocurrencies. He further claimed that Bitcoin Tracker EUR will provide investors with all the advantages of Bitcoin Tracker One, but also provide the currency they need for investment.

As we previously reported, Bitcoin Tracker One has become the first bitcoin security to be authorized for trading on a regulated exchange.

XBT Provider AB is a public limited liability company incorporated under the laws of Sweden with its statutory seat in Stockholm.