Jump to content
Sign in to follow this  
TrendFollower

XBT Provider AB Bitcoin and Ether

Recommended Posts

I currently am invested in XBT Provider AB Bitcoin and Ether both in SEK and EUR. This is via Hargreaves Lansdown. I have looked for these products on the IG platform and cannot find them. They are Exchange Traded Notes (ETN's). I have noticed that you do offer both ETF's and ETN's for other products on your IG platform. 

 

Am I correct in assuming that they are not available?

 

If so then may I ask that you seriously consider making them available for those who do not want to trade Cryptocurrencies but want to invest in them and hold over a longer period of time. It is challenging and giving Bitcoin Investment Trust (Grayscale) a run for its money.

 

https://xbtprovider.com

 

http://bitcoinist.com/unprecedented-new-bitcoin-account-opening-expected-launch-futures-contracts/

 

https://www.investopedia.com/news/bitcoin-etfs-are-next-line-after-futures/

Share this post


Link to post
Share on other sites

Hi - unfortunately we can't offer this stock via a share dealing account because we don't offer access to the underlying exchange in Stockholm (on a share dealing account). If you can find a similar product on the UK exchanges, or any of the following international exchanges, then I can of course see if the desk can add it. Please note that we can't necessarily add anything and everything... 

 

2018-01-04 08_48_38-Share Dealing Charges and Fees _ IG UK.png

 

We also can't offer ETN's via the leveraged spread or CFD offering. This is because ETN's can generally come with a number of high back end costs and high broker margin requirements, as well as a propensity to de-list quite regularly which can cause a hassle especially when you have to force a client out of their holdings (especially if the ETN is down). 

Share this post


Link to post
Share on other sites

Thank you James for your quick response. You provide an excellent level of service which is very much appreciated.

 

I am afraid the alternative is the Bitcoin Investment Trust (Grayscale). However this trades to a premium against the NAV and I feel XBT offers a much better alternative with the options of EUR and SEK rather than BIT in USD. I am not aware of any other alternatives on the exchanges you suggest and I am certainly not aware of any on a UK exchange. 

 

I appreciate your last comment and would expect as much.

 

I wonder if you can offer shares such as Coinsillium and Kryptonite 1 PLC both listed on UK NEX Exchange? I am invested in both and enjoying amazing returns on both but it would be far more with leverage via IG spread betting. Are you able to offer these?

Share this post


Link to post
Share on other sites

Unfortunately both of these are OTC markets which means that we are unable to trade on them. We only offer electronically matched exchanges, rather than these OTC stock markets which are inefficient, illiquid, and expensive. 

Share this post


Link to post
Share on other sites

Your content will need to be approved by a moderator

Guest
You are commenting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Forum Statistics

    • Total Topics
      4,961
    • Total Posts
      19,476
  • Getting Started

    Please make sure that you have had a quick look at our Community Guidelines before you start posting.

    You can also check out the following tutorials to get up and running as quickly as possible. 

    1. How do I start a new topic?
    2. How do I ask a question?
    3. How do I search Community?
    4. How do I access via mobile?
    5. What does 'following' content mean?
  • Handpicked content from IG Community

    • Finance ‘fact, but fictionalised’ books
      Get involved with a discussion from one of our Community members; "Which interesting finance and trading related books have you read and would recommend? Maybe they don’t need to ALL be specifically like that but any trading books you find interesting. 

      I am currently reading Dark Pool by Scott Patterson and it’s very very interesting. I would recommend reading or getting from Amazon or the library if you can. Paperback is a few quid and it’s an interesting read. All about how these matching engines started and pooled liquidity away from the main exchanges. It gives you a good understanding of the “plumbing” behind it all. Also makes more sense when looking at the market. 

      I’m the sort of person who would like to read as much around a topic as possible and I think it makes you a better well rounded trader to understand the back end too. Has anyone else got some books to recommend please?"
        • Like
      • 6 replies
    • Retail sector profit warnings - EMEA brief 23rd July
      Fear of an increase in protectionism from the United States causes Asian equity markets to dip. Profit warnings rise 29% quarter on quarter to 58 FTSE listed companies. Retail sector leads the way, and its expected the earnings shall continue due to uncertainty in the future.

      Looking ahead, a somewhat quiet start to the week on the economic calendar sees eyes turn to eurozone concerns, with the Bundesbank monthly report and consumer confidence from the eurozone. The US markets will be looking towards US existing home sales figure, following on last week’s disappointing building permits and housing starts figures. The earnings season ramps up, with today’s earnings from Alphabet representing the first heavy hitter to keep an eye out for.
      • 0 replies
×