Home Litecoin XBT Provider AB (Publ) Announces Settlement Amounts for Expiring Litecoin & XRP Certificates Stockholm Stock Exchange:BITCOIN XBT

XBT Provider AB (Publ) Announces Settlement Amounts for Expiring Litecoin & XRP Certificates Stockholm Stock Exchange:BITCOIN XBT

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STOCKHOLM, Sweden, 31 March 2021 — XBT Supplier AB (Publ) (“XBT Supplier”) a part of the CoinShares Group, needs to announce the Settlement Quantities for Litecoin Tracker One, Litecoin Tracker Euro, XRP Tracker One, XRP Tracker Euro, as calculated by the Issuer’s Calculation Agent on the Remaining Fixing Date (i.e. Wednesday, 31 March 2021) at 16:25 BST, within the regular, clear manner.

The Settlement Quantity for every Certificates is displayed beneath. Extra particulars on the calculation methodology might be discovered beneath:

  1. A mean between the costs of the related underlying cryptocurrency (i.e. LTC/USD for Litecoin Trackers and XRP/USD for XRP Trackers) on the first eligible exchanges(1) at 16:25 BST is calculated
  2. The common value is then multiplied by the related FX price
  3. The price is subtracted from the transformed common value
  4. The ultimate end result is multiplied by the related divisor, as displayed on every product’s factsheet(2)

ISIN Product Settlement Quantity
(per Certificates)
SE0011414465 Litecoin Tracker One SEK 82.59
SE0011414457 Litecoin Tracker Euro EUR 80.64
SE0011414481 XRP Tracker One SEK 23.32
SE0011414473 XRP Tracker Euro EUR 22.77

(1) Major eligible exchanges for Litecoin Tracker One and Litecoin Tracker Euro: Bitfinex, Bitstamp, Gemini. Major eligible exchanges for XRP Tracker One and XRP Tracker Euro: Bitfinex, Bitstamp, Kraken.

(2) 0.05 for Litecoin Tracker One, 0.5 for Litecoin Tracker Euro, 5 for XRP Tracker One, 50 for XRP Tracker Euro

How will I obtain my funds? Can I obtain digital foreign money?

Funds will probably be settled through Euroclear Sweden, which is able to distribute the funds onto Certificates Holders through their brokers.  The Issuer will solely distribute money in Euro or Swedish Kroner.  No digital foreign money or tokens will probably be distributed upon expiration. The Holders of the Certificates will obtain the funds within the foreign money the product they maintain is denominated in:

  • Holders of Litecoin Tracker One and XRP Tracker One will obtain SEK.
  • Holders of Litecoin Tracker Euro and XRP Tracker Euro will obtain EUR.

When will I obtain my funds?

Funds will solely be made to Certificates Holders who’re named within the register when the product closes on the Remaining Fixing Date (Wednesday, 31 March 2021).  The Issuer expects to make funds to all Registered Holders (i.e. the. massive nominees and custodian accounts that maintain on behalf of particular person holders) on or round Friday, 9 April 2021.

In case you maintain the Certificates by way of a dealer or different nominee, it could take longer for the fee to search out its solution to your account.  Please contact your financial institution or dealer for data on how they may cross on the funds to you and the way lengthy they count on it to take. It is usually potential that your dealer or financial institution might cost charges. We might advocate talking with them prematurely concerning anticipated timelines and potential charges.

About XBT Supplier

XBT Supplier AB (Publ) (XBT Supplier), a CoinShares firm, is the Swedish-domiciled issuer of the Bitcoin Tracker One (SE0007126024), Bitcoin Tracker Euro (SE0007525332), Ether Tracker One (SE0010296574), Ether Tracker Euro (SE0010296582), Litecoin Tracker One (SE0011414465), Litecoin Tracker Euro (SE0011414457), XRP Tracker One (SE0011414481), XRP Tracker Euro (SE0011414473), sequence of certificates (collectively, the “Certificates”) that are designed to synthetically observe the efficiency of the worth of the related underlying crypto-asset, bitcoin, ether, litecoin or XRP (in Swedish Kronor or Euro, respectively), much less a price element.

In 2015, Bitcoin Tracker One grew to become the primary bitcoin-referenced safety out there on a regulated alternate when it listed on Nasdaq Stockholm. In 2017, Ether Tracker One grew to become the primary ether-referenced safety out there on a regulated alternate when it listed on Nasdaq Stockholm. In 2019, Litecoin Tracker One and XRP Tracker One grew to become, respectively, the primary litecoin-referenced and XRP-referenced securities out there on a regulated alternate within the EU once they listed on the Nordic Development Market. The Certificates can be found and traded in the identical method as every other share or instrument listed on their respective exchanges.

XBT Supplier’s Prospectus is authorized by the Swedish Monetary Supervisory Authority (Sw. Finansinspektionen) and the Certificates are ruled by Swedish legislation. XBT Supplier will not be a licensed monetary advisor. The views introduced on this launch are the opinions of the Board of XBT Supplier and no different social gathering. Bitcoin, ether, litecoin and XRP are risky property and their costs (and the worth of securities which are referenced to them) can transfer rapidly, positively or negatively. Potential traders within the Certificates ought to fastidiously contemplate the suitability of such an funding and whether or not they have ample monetary assets so as to have the ability to bear the dangers related therewith and, in reference to such a willpower, ought to fastidiously learn XBT Supplier’s newest Prospectus (together with, specifically, the danger warnings set out therein). The Certificates don’t confer on the holders thereof any declare to or in opposition to the related underlying crypto-asset to which they’re referenced. The worth and any fee due underneath the Certificates will probably be affected by the alternate price between the US Greenback and the Euro or, because the case could also be, between the US Greenback and the Swedish Krona. Any returns upon the Certificates won’t be the identical because the returns which a direct funding of an equal sum within the related underlying crypto-asset might produce. The Certificates are non-equity linked, non-principal protected, unsecured and unsubordinated and don’t bear curiosity.

For extra data on XBT Supplier, go to: https://coinshares.com/etps/xbt-provider

Concerning the CoinShares Group

At CoinShares, our mission is to increase entry to the digital asset ecosystem whereas serving as trusted companions for our shoppers. We imagine that Bitcoin and blockchain networks are landmark improvements that may essentially reshape the worldwide monetary system, and that traders ought to be capable of take part on this transformation. We obtain this mission by offering institutional-grade investments services for digital asset traders. The CoinShares Group is a pioneer in digital asset investing with billions in property underneath administration on behalf of a world investor base, with places of work in Jersey, Stockholm, London, and New York.

For extra data on CoinShares, go to: https://coinshares.com/

Media Contact

Jay Morakis

+1 646 859 5951


SOURCE CoinShares Group

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