British investment company Global Advisors acquired XBT Provider, Swedish issuer of Exchange Traded Certificates linked to bitcoin price.

The amount of the deal is not disclosed. Global Advisors hope to use the new asset to strengthen its presence on the bitcoin market, says the press release published by Benzinga.com.

“We believe bitcoin will change the world,” said Daniel Masters, co-founder and director of Global Advisors.

Today the trade in Bitcoin Tracker One (based on the dollar price of bitcoin) and Bitcoin Tracker EUR resumed at Nasdaq Nordic exchange in Stockholm. The delay was due to the verification of all the details of the XBT Provider purchase. Global Advisors will act as a new warrantor of the ETCs. Since 2015, they were warranted by KnCMiner, which went bankrupt at the end of May 2016 and the certificates were suspended from trade.

“As part of Global Advisors, we now have the capabilities and means to accelerate the expansion of our business and provide investors with a broad range of products and services for safe and easy exposure to bitcoin markets,” reads a statement by Johan Wattenström, CEO and co-founder of the XBT Group.

Global Advisors is an investment company registered on the island of Jersey, which manages GABI investment foundation specialised in cryptocurrency assets. It is chaired by Daniel Masters, the former head of energy trading at J.P. Morgan.

Nasdaq Nordic is a subsidiary company of the Nasdaq Exchange. The website of the company displays the data on exchange-traded assets of Denmark, Finland, Iceland, Sweden and Norway, overall of more than 720 companies.

Elena Platonova, Alexey Tereshchenko