0PTL – CoinShares XBT Bitcoin Tracker One ETN – ETF Investment Strategy | Morningstar

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Strategy

The Issuer was formed in January 2015 as a special purpose vehicle (in accordance with the definition in article 2 of the Commission Regulation No 809/2004) meaning that the only business of the Issuer is to issue securities. The issuer will therefore not carry out any other business. As a special purpose vehicle, the Issuer will incur costs in order to get the Certificates admitted to trading. Furthermore, there is a risk that the Issuer will not be successful in its issue of Certificates that the Issuer will not make profits, despite this being the Issuer's aim. If the Issuer becomes unsuccessful in the issuance of securities, the Issuer may cease its business activities as issuer or ultimately may become insolvent. If the Issuer becomes insolvent, the Issuer may not be able to repay parts of or investors' entire investments.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
0PTL	CoinShares XBT Bitcoin Tracker One ETN	ETF	—	—	—	May 18, 2015	—	—	High	—	—
BITCOIN XBT	CoinShares XBT Bitcoin Tracker One ETN	ETF	—	—	—	May 18, 2015	SEK 7.77B	—	High	—	−SEK 1.36B
BIT-S.ST.GB	CoinShares XBT Bitcoin Tracker One ETN	ETF	—	—	—	May 18, 2015	—	—	High	—	—

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