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Demand for bitcoin ETF high says Global Advisors

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Jersey-based bitcoin fund manager Global Advisors has announced that ETF industry veteran, Laurent Kssis (pictured), will be interim managing director of their subsidiary, XBT Provider AB, the is

Jersey-based bitcoin fund manager Global Advisors has announced that ETF industry veteran, Laurent Kssis (pictured), will be interim managing director of their subsidiary, XBT Provider AB, the issuer of the world’s only publicly listed bitcoin Exchange Traded Note (ETN).

The news comes on the back of the SEC ruling that the US’s Winklevoss Capital will not be able to launch a bitcoin ETF.

However, Global Advisors’ Co-Founder and Chief Investment Officer Danny Masters says Global Advisors believes demand is strikingly evident for bitcoin-based, exchange traded products. “As a result, we at Global Advisors could not be more excited for Laurent to join the team and accelerate growth at XBT provider as well as for our 2017 product roadmap.”

“The US is not the only market where demand is high for a bitcoin ETF. At Global Advisors, we see this and are aggressively pursuing the listing of other professional-calibre, bitcoin investment products. Needless to say, having an experienced ETF industry veteran on our team will accelerate success and ensure we bring the most professional products to market,” says Masters.

Kssis is joining Global Advisors’ XBT Provider AB subsidiary as Managing Director and Head of Product Development for the ETN business.

Global Advisors is increasingly pursuing explosive demand for traditional investment vehicles in the emerging digital asset space. Notably, in late 2016, Global Advisors completed the acquisition of XBT Provider AB, a Swedish domiciled issuer of the worlds’ only Exchange Traded Notes which track the price of bitcoin. XBT Providers’ Bitcoin Tracker One (COINXBT:SS) and Bitcoin Tracker Euro (COINXBE:SS) marked the first publicly listed bitcoin products in the Global Advisors product family. In December 2016, Global Advisors added a third product, with the public listing of their then 2-year-old bitcoin investment fund, (GABI) on TISE.
 
“I am excited to join the team at XBT Provider and Global Advisors at this critical maturity moment in professional bitcoin. We are witnessing peak demand for exchange traded bitcoin products like those XBT Provider issues and I am invigorated by the opportunity to help shape the future of the industry,” says Kssis.

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