XBT Provider, a provider of Nasdaq-traded, ether and bitcoin tracking products, has been named ‘Most Innovative European ETP Provider’ at the annual etfexpress Awards.
Past winners in this category include issuers such as: Boost ETFs (acquired by WisdomTree in 2014), ETF Securities (European business acquired by WisdomTree in 2018), Commerzbank and Deutsche Bank. Notably, this is the first time a crypto-asset tracking product has taken an award in this category.
“An ETP issuer focussed entirely on digital assets (bitcoin and ether) being named ‘most innovative’ out of all European ETP Providers is a clear illustration of how much the market has changed already, particularly considering this is a category occupied by WisdomTree, Commerzbank, and ProShares” says Daniel Masters, Chairman of XBT Provider.
The XBT Provider team has a demonstrated focus on bringing new, innovative products to market for traditional investors who want exposure to the nascent digital asset market. This track record began with the listing of the first publicly traded bitcoin ETP on Nasdaq Stockholm in 2015; and continued most recently, with the listing of its ether ETPs in 2017.
“As a group, ETP issuers aspire and compete, to bring the most innovative product to investors. Both the bitcoin and ether ETPs have been met by investors with exceptional demand – one of our main markers of achievement. That said, we are humbled to win this award and excited that the team’s efforts have been recognised by a group of peers who acutely understand the rigour and complexity of designing and listing products of this nature,” says Laurent Kssis, Managing Director of XBT Provider.
This award comes at an interesting and fortifying time in the crypto-asset markets – one in which we have seen a major correction (from December 2017 highs); and in parallel, a time in which a number of respected, mainstream market participants are either directly or indirectly beginning to enter the crypto-asset investment space.
In their ninth year, the etfexpress Awards recognise excellence among managers and service providers of exchange traded funds. The winners, who were presented with their awards in London on 7 March, were decided by a poll of etfexpress readers, who include both investors and managers, as well as other industry professionals at firms including fund administrators, custodians, accountants and auditors, law firms, consultants and distributors.