Coinshares has revamped its Nordic Crypto ETP brand, XBT Provider, to “CoinShares XBT Provider” as part of its expansion plans for the second half of 2024. The rebranding comes after Coinshares acquired XBT Provider in 2017, following the launch of Bitcoin Tracker One and Bitcoin Tracker EUR on Nasdaq Nordic back in 2015.
Frank Spiteri, head of asset management at CoinShares, highlighted the growing demand for regulated crypto exposure in Europe and the US. The company’s Nordic expansion follows a successful financial quarter for CoinShares International, and its recent acquisition of Valkyrie Funds in the US.
The rebrand signifies a new chapter for CoinShares’ Nordic operations, with a focus on strengthening its presence in the region and catering to investor needs. However, amidst these developments, CoinShares-backed FlowBank has faced financial troubles, resulting in bankruptcy declared by the Swiss Financial Market Supervisory Authority (FINMA).
While CoinShares declined to comment on FlowBank’s situation, the company remains committed to its expansion plans and strategic growth in the global market. Stay updated with the latest news by following us on Google News.