If you would like to gain exposure to Ethereum as part of your investment portfolio this can now be done on CCTrader via ETHEREUM TRACKER EUR XBT PROVIDER
This ETN is the world’s first “Ethereum Tracker” to be traded on a regulated exchange (Nasdaq Nordic).
To access CCTrader or to open an account visit live.cctrader.com
Frequently Asked Questions
What is Ethereum?
Ethereum is an open software platform based on blockchain technology that enables developers to build and deploy decentralized applications.
Like Bitcoin, Ethereum is a distributed public blockchain network. Although there are some significant technical differences between the two, the most important distinction to note is that Bitcoin and Ethereum differ substantially in purpose and capability. Bitcoin offers one particular application of blockchain technology, a peer to peer electronic cash system that enables online Bitcoin payments. While the Bitcoin blockchain is used to track ownership of digital currency (bitcoins), the Ethereum blockchain focuses on running the programming code of any decentralized application.
How can I gain exposure to the Ethereum Market using “Ethereum Tracker”?
By investing in the Ethereum Tracker you will gain exposure towards the Ethereum price since the tracker hedges 100% of funds into ethereum. The ETN works in a way so that the price of the ETN tracks the price of ethereum.
What is the minimum investment amount?
The minimum value one can buy is €1,000.
Exchange
This is listed on the NASDAQ Nordic Stock Exchange.
Underlying asset
As the ETH/USD market is the most liquid ether market widely available for trading, we regard it as the most suitable underlying asset in a ether product.
How is the value of the instrument guaranteed?
XBT Provider buys ethereum for all money received through the sale of the Exchange Traded Notes (ETN’s) which ensures that it is always 100% hedged. This means that XBN’s assets follow the price of ethereum.
Reference price
ETH/USD is traded on a large number of exchanges and the average price of the most liquid exchanges provides the underlying reference price for the product as specified in the prospectus.
Who is the issuer – XBT Provider?
The issuer is a public limited liability company formed in Sweden with statutory seat in Stockholm, Sweden. The issuer is incorporated under Swedish law and registered with the Swedish companies’ registration office under registration number 559001-3313.
Tickers for monitoring prices (Apart from CCTrader)
- Bloomberg: COINETHE:SS, COINETHE:SS
- NASDAQ: Ether Tracker One XBT PROVIDER, Ether Tracker Euro XBT PROVIDER
General Risks involved with Trading
About Risks
Financial investments are associated with risks. Before you decide to invest in a financial product, you should learn about the instrument and underlying asset before making the investment.Besides the information provided on this web-site you should read the prospectus and final terms thoroughly which can be found here
Final Terms EUR
Credit Risk
The products are issued by XBT Provider AB (publ). XBT Provider AB (publ) is the investors counterparty for the instrument, which means that XBT Provider is liable to pay the final settlement amount according to the terms of the instrument. XBT Provider AB (publ) is always fully hedged in terms of market risk which means that the company always owns the full amount of bitcoins to cover all outstanding liabilities.
Market Risk
The return of the underlying asset, ethereum, is crucial for the result of the investment. How the ethereum price in U.S. dollars will develop depends on a large number of factors including to what degree and with what speed ethereum will gain acceptance globally in the mainstream economy, political risks and the success of competing technologies and cryptocurrencies.
For more information visit https://xbtprovider.com
To access CCTrader or to open an account visit live.cctrader.com
