Ether certificates now available on Nasdaq Stockholm


October 9 marked the world premiere for a new kind of financial instrument on the Swedish market – exchange traded certificates with the digital currency Ether as an underlying instrument.

The certificates, Ether Tracker One and Ether Tracker Euro follow the price of Ether – a digital currency based on the Ethereum block chain. The value of the certificate changes in correlation to the value of Ether.

“This is an important moment for investors as they now have access via a safe and familiar route to gain exposure to the price movements of Ether. Nasdaq has consistently proven to be a great partner with respect to bringing these new technologies to market and this latest move is further evidence of their commitment to innovation. This product has been highly requested by investors and we at the CoinShares Group are excited to play a role in bringing it to market,” says Laurent Kssis, MD at XBT Provider, A CoinShares Company.

The certificates are traded in SEK and EUR, and the value is calculated using the average price of Ether with the three most liquid market places trading in Ether. The management fee for the instrument is 2.5 percent per year.

Ether is a quickly growing digital currency comparable to Bitcoin.. The main difference between the two is that Ether is a part of a larger technology infrastructure, Ethereum, which encompasses more than a digital currency.

During the two years since Ethereum was launched, the technology has increased in popularity and several Fortune 500s have adopted the technology.

There are several advantages with trading in Ether on an established marketplace such as Nasdaq Stockholm. First, it adds a layer of security for you as an investor, as a listing on Nasdaq Stockholm comes with high requirements on the issuer, in this case XBT Provider AB, a CoinShares Company. The prospectus behind the instrument has been approved by the Swedish FSA (Finansinspektionen).

Trading in Ether certificates on Nasdaq Stockholm is also simple, as they are available through your regular bank or security broker, the same way you trade stocks or mutual funds. In addition, Ether Tracker One and Ether Tracker Euro are traded in SEK and EUR respectively, which means you don’t have to exchange your funds to a foreign currency, otherwise common when trading in Ether.

Please remember that investments in financial instruments always comes with a risk, and that previous value increase does not guarantee future profit. 

For more information, please visit XBT Provider’s website