Global Advisors Takes Over XBT Bitcoin Tracker After KnC Collapse

[kreslik.news]

Stockholm based firm XBT Provider has announced its Bitcoin Tracker One (Ticker: COINXBT) and Bitcoin Tracker EUR (Ticker: COINXBE) resumed trading at Nasdaq Nordic. Last month the Swedish firm had to suspend its ETCs (Exchange Traded Certificates) after their guarantor and its main stockholder – the bitcoin mining firm KnCMiner – went bust.

The announcement came after the exchange has approved the new guarantor of the instruments, Global Advisors (Jersey) Limited (GAJL). The asset management firm, which offers “institutional-grade bitcoin investment strategy” has took over XBT Provider as all of KnCMiner’s holdings are being sold as a result of its bankruptcy.

Johan Wattenström, CEO and co-founder of the XBT Group said: “We ... (read more)