News // November 9th, 2017

XBT PROVIDER AB - Clarification Regarding Ethereum Parity Multi-sig Wallet Functionality


STOCKHOLM, NOVEMBER 9, 2017 - On 6th November, 2017 an unidentified person wiped out the library code upon which Ethereum’s Parity multi-sig wallets’ functionality relied. The effect of this action is that Parity multi-sig wallets deployed after 20th July, 2017 have been frozen. As a direct result, any ether held within these wallets is not accessible and may never be accessible.

XBT Provider AB (Publ) (the “Issuer”) wishes to clarify for the benefit of the holders of its Ethereum-referenced Certificates that:

  1. The occurrence of the foregoing has not negatively impacted upon: (a) the Issuer; (b) the guarantor of its Certificates, Global Advisors (Jersey) Limited (the “Guarantor”); (c) any group companies of the Guarantor; or (d) the hedging arrangements which exist between the Issuer and group companies of the Guarantor, pursuant to which those group companies hold Ethereum to support the Issuer’s Certificates which are referenced to Ethereum); and
  2. Accordingly, the freezing of Parity multi-sig wallets deployed after 20th July, 2017 does not constitute a ‘market disruption’ event for the purposes of the Terms & Conditions of the Issuer’s Certificates referenced to Ethereum.


XBT Provider AB (Publ), a CoinShares company, is the Swedish-domiciled issuer of Bitcoin Tracker One and Bitcoin Tracker Euro (COINXBT:SS, COINXBE:SS, respectively) and Ether Tracker One and Ether Tracker Euro (COINETH:SS and COINETHE:SS). These trackers are designed to mirror the return of the underlying asset, bitcoin (in Swedish Kronor and Euro, respectively). In 2015, Bitcoin Tracker One became the first bitcoin-referenced security available on a regulated exchange when it listed on NASDAQ in Stockholm. In 2017, Ether Tracker One became the first ether-referenced security available on a regulated exchange when it listed on NASDAQ in Stockholm. All four certificates are available in 179 countries and are traded in the same manner as any other share or instrument listed on the Nasdaq exchange in Stockholm. The Issuer's Prospectus is approved by the Swedish FSA (Finansinspektionen) and its products are listed on Nasdaq Nordic in Stockholm. XBT Provider AB (Publ) is not a licensed financial advisor. The views presented in this release are the opinions of the Board of XBT Provider AB (Publ) and no other party. Bitcoin and ether are volatile assets and their prices (and the price of securities that are referenced to them) can move quickly. Prospective investors in the Issuer's certificates should carefully consider the suitability of such an investment and, in connection with such a determination, should carefully read the Issuer's latest Prospectus (including, in particular, the risk warnings set out therein).


XBT Provider AB (Publ)

[email protected]

Common Investor Questions

How Do I Trade?

The tracking ETPs are traded in the same manner as any share or instrument listed on Nasdaq Stockholm (in the case of BTC and ETH), or the Nordic Growth Market (in the case of LTC and XRP). To invest, you need an account, which is obtained through your bank, advisor or online broker. The products are traded during normal opening hours except holidays (NGM). More questions? Please contact your advisor, brokerage or bank.

What Backs the Products?

We buy the relevant amount of bitcoin, ether, litecoin or XRP upon issuance of a new certificate which ensures that we are always 100% hedged and able to support the outstanding value of the product. This means that our assets (as well as liabilities to Certificate-holders) follow the price of bitcoin and ether. Additionally, the certificates are guaranteed by CoinShares (Jersey) Limited.

Where Can I Trade?

If your current advisor, broker or bank is unable to help, you can contact Mangold Fondkommission. Mangold Fondkommission is a Stockholm based Brokerage and Investment bank. As a member of the exchanges, the company assists XBTProvider with clearing services and acts as a liquidity provider for our products. To open an account or for general inquiries please call +46 8 50301550 or visit

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