Bitcoin Tracker EUR XBT Provider is an exchange traded note designed to track the price of Bitcoin in Euros. The note is issued by XBT Provider AB, a Swedish company, and is traded on the NAsdaq Stockholm exchange.
The ticker for the Bitcoin Tracker EUR is COINXBE.
Launched in 2015, Bitcoin Tracker EUR was the first bitcoin-based security available on a regulated exchange. It provides investors with exposure to the price of bitcoin without having to buy or hold the underlying cryptocurrency.
NOTE: WARNING: Bitcoin Tracker EUR XBT Provider (“XBT Provider”) is an unregulated market place for trading in digital currency assets. It is not regulated by any government or regulatory agency, and the transactions are not covered by any deposit insurance scheme. Investing in the products offered by XBT Provider carries a high degree of risk, and you may lose your entire investment. You should carefully assess your financial situation before investing and consult an independent financial adviser if necessary.
The value of the Bitcoin Tracker EUR is based on the price of bitcoin on a number of exchanges, including Bitstamp, GDAX and Kraken. The price is converted to Euros using the prevailing exchange rate.
Bitcoin Tracker EUR is denominated in Euros and its value is therefore not subject to fluctuations in the value of other currencies. However, as it is based on the price of bitcoin, it will be affected by changes in the price of bitcoin.
The Bitcoin Tracker EUR is designed to track the price of bitcoin on a daily basis and is therefore an ideal tool for investors who want to gain exposure to the cryptocurrency without having to buy or hold it themselves.
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