CoinShares XBT Provider Certificates

[meltdem]

Bitcoin Tracker One (Bloomberg: COINXBT:SS) and Bitcoin Tracker Euro (Bloomberg: COINXBE:SS) are both publicly listed on the Nasdaq in Stockholm and throughout trading venues and brokers in Europe.

Certificates are created and redeemed on a daily basis, since these are ETPs, and bitcoin balances backing the ETP can be found at https://real-time-attest.trustexplorer.io/coinshares - as of today, it's $771M in bitcoin.

[nvk]

1. Is [SEK:COINXBT:SS] correct or is this a OTCQX like GBTC?
2. Whats the actual number of BTC?

[meltdem]

There are 2 products – an SEK product and a EUR product. They are not like GBTC. Shares are created and redeemed daily and there is no premium because when someone buys a share, we buy the underlying amount of bitcoin and likewise, when someone sells a share, we sell the underlying amount of bitcoin. It’s a true ETF so the NAV fluctuates throughout the trading day – we usually trade $4 – 8M a day. The actual number of BTC is holdings / price. So $770,170,932 / $11,045 = 69,730 BTC as of market close on Friday When markets in Europe on Tuesday, this could change, but updating the # of BTC monthly should be more than adequate because the numbers don’t change that much, just the price of BTC does! From: nvk <notifications@github.com> Reply-To: "nvk/bitcointreasuries.org" <reply@reply.github.com> Date: Friday, October 9, 2020 at 4:01 PM To: "nvk/bitcointreasuries.org" <bitcointreasuries.org@noreply.github.com> Cc: Meltem Demirors <meltem.e.demirors@gmail.com>, Author <author@noreply.github.com> Subject: Re: [nvk/bitcointreasuries.org] CoinShares XBT Provider Certificates (#16) 1. Is [SEK:COINXBT:SS] correct or is this a OTCQX like GBTC? 2. Whats the actual number of BTC? — You are receiving this because you authored the thread. Reply to this email directly, view it on GitHub<#16 (comment)>, or unsubscribe<https://github.com/notifications/unsubscribe-auth/ACXHCCTKERUSY5MRLXZ5IS3SJ5T2XANCNFSM4SKOPFOA>.

[nvk]

Ok, added with value based on Oct 9th report.