CoinShares appoints Compass Financial Technologies to serve as independent calculation agent for XBT Provider Certificates


CoinShares, Europe’s largest crypto asset management firm with over $1 billion in assets under management, has today announced that the official prices of the XBT Provider range of ETPs will be calculated and published by Compass Financial Technologies on Bloomberg and Reuters. Compass FT is a financial services company specialising in the design, calculation and publication of market benchmarks and financial indices and is registered as a benchmarks administrator under EU Benchmark Regulations.

The prices to be published on Bloomberg and Refinitiv fall under the following ticker symbols:

XBT Certificate

Bloomberg Code

Refinitiv Code

Bitcoin Tracker One



Bitcoin Tracker Euro



Ether Tracker One



Ether Tracker Euro



Litecoin Tracker One



Litecoin Tracker Euro



XRP Tracker One



XRP Tracker Euro



Townsend Lansing, head of product at CoinShares commented “Transparency and trust are important considerations when selecting investment products, and our investors expect and deserve the best support possible. We are pleased to appoint Compass Financial as our independent calculation agent for XBT Provider, which we believe will provide investors with greater certainty and transparency as to the pricing for XBT Certificates.”

The XBT Provider line of products offers investors exposure to cryptocurrency via simple access to financial instruments listed on traditional, regulated securities exchanges. This suite of exchange traded products was created in a structure familiar to investors, allowing them to be bought and sold during trading hours alongside traditional securities. The appointment of Compass Financial is the latest in a series of improvements made to the platform in recent months aimed at increasing transparency and providing a more streamlined user experience for investors.

In September, CoinShares announced that investors would be able to take advantage of Armanino LLP‘s Real Time Assurance application, which allows on-demand, real-time reports on collateral holdings that follow top industry standards backed by a top 25 independent public accounting firm.

In August, the company also announced that the digital assets held to physically back the XBT Provider range of products would be safeguarded by Komainu, the first hybrid custodian for institutional digital asset investors created by the Japanese investment bank, Nomura, digital asset manager, CoinShares and digital asset security company, Ledger.