BitcoinETI is Europe's first bitcoin backed Exchange Traded Instrument for sophisticated investors.
Offering type: Sophisticated investors only
Objective: UCITS eligible, Asset-backed security whose value and the related performance is linked to the underlying Asset (Bitcoin) collateralised in a segregated cell
ISIN number: MT0001151225
Exchange: Gibraltar Stock Exchange and Deutsche Börse
Management fee: 1.75%
Minimum order size: 100,000€
Sponsor: Revoltura Ltd.
Arranger: Argentarius ETI Management Ltd.
Structure: Asset-backed Exchange Traded Instrument
Bitcoin custodian: Coinbase
Timing: July 2016
European-wide: EU passport through listing at the Gibraltar Stock Exchange, enables sales in all 31 EEA countries as well as in Switzerland
Non-leveraged: Bitcoin represents fractional, undivided interest in the ETI portfolio
Liquid: ETI units can be redeemed or traded in the secondary market
Transparent: The guidance price of the BitcoinETI and the bitcoin price can be tracked daily at BitcoinETI.com
Easy access: Can be purchased by suitable investors through their normal/standard broker relationships so the trade and settlement process is transparent and simple for all parties
Settlement: T+2 Clearstream/Euroclear