NAV2024-04-18 Chg.+8.1900 Type of yield Investment Focus Investment company
268.3900EUR +3.15% - ETN Worldwide XBT Provider 

Investment strategy

The product is a special certificate, an exchange traded product, which is different from most investment products. The product"s objective is to provide a daily return approximately equal to the performance of (the Digital Asset) Ethereum (ETH) price across the 3 most liquid digital exchanges available to our methodology, before management fees and costs. This means that when the price of Ethereum rises by 1% on the 3 most liquid digital exchanges, the product should rise by approximately the same percentage. The methodology is created by XBT Provider. To hedge its exposure under the certificates, the Issuer enters into an intra-group collateral management arrangement with the Guarantor, whereby the Issuer provides cash raised from the issuance of the Certificate to the Guarantor in exchange for a contractual promise to pay the settlement amount of the note (the original purchase price plus or minus any price movements in the underlying crypto currency less the relevant fee). To hedge its exposure under that contract, the Guarantor purchases the relevant crypto currency on a 1:1 basis, in both physical form and using derivative contracts. The product does not distribute dividends. Investors can purchase and sell certificates on the stock market (the so called secondary market) during normal exchange trading hours set and operated by the exchanged.
 

Investment goal

The product is a special certificate, an exchange traded product, which is different from most investment products. The product"s objective is to provide a daily return approximately equal to the performance of (the Digital Asset) Ethereum (ETH) price across the 3 most liquid digital exchanges available to our methodology, before management fees and costs. This means that when the price of Ethereum rises by 1% on the 3 most liquid digital exchanges, the product should rise by approximately the same percentage. The methodology is created by XBT Provider.
 

Master data

Type of yield: -
Funds Category: ETN
Region: Worldwide
Branch: ETN Special
Benchmark: -
Business year start: 01-01
Last Distribution: -
Depository bank: Komainu (Jersey) Limited
Fund domicile: Sweden
Distribution permission: -
Fund manager: -
Fund volume: -
Launch date: 2017-10-09
Investment focus: -

Conditions

Issue surcharge: 0.00%
Max. Administration Fee: 2.50%
Minimum investment: 1.00 EUR
Deposit fees: -
Redemption charge: 0.00%
Key Investor Information: -
 

Investment company

Funds company: XBT Provider
Address: -
Country: Sweden
Internet: -
 

Countries

Global
 
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