News // September 10th, 2018

XBT Provider AB – Clarification Regarding Normal Trading Of Bitcoin And Ether Certificates

Share

STOCKHOLM, SEPTEMBER 10, 2018 —— XBT Provider AB, the issuer of bitcoin and ether tracking certificates on Nasdaq Stockholm, wishes to clarify that the recent action by the U.S. Securities and Exchange Commission to temporarily suspend trading in the securities Bitcoin Tracker One and Ether Tracker One relates only to trading in the Unites States, does not apply to trading on the listing market - Nasdaq Stockholm, and does not relate to any action taken or failed to be taken by XBT Provider AB.

It is our understanding that this action by the U.S. Securities and Exchange Commission was taken due to possible confusion in the U.S. market regarding these securities.

XBT Provider AB has not sought registration or trading of these securities in the U.S. and has no responsibility to provide any information with respect thereto to U.S. market participants. Rather, it is our understanding that, under Securities Exchange Act Rule 15c2-12 any broker-dealer that issue quotations for these securities is responsible for ensuring that required information regarding these securities is available.

###

About XBT Provider AB (Publ)

XBT Provider AB (Publ) (XBT Provider), a CoinShares company, is the Swedish-domiciled issuer of the Bitcoin Tracker One (COINXBT:SS), Bitcoin Tracker Euro (COINXBE:SS), Ether Tracker One (COINETH:SS) and Ether Tracker Euro (COINETHE:SS) series of certificates which are designed to synthetically track the performance of the price of the relevant underlying crypto-asset, bitcoin or ether (in Swedish Kronor or Euro, respectively), less a fee component.

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 and traded in the same manner as any other share or instrument listed on the Nasdaq exchange in Stockholm.

XBT Provider’s Prospectus is approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and its certificates are governed by Swedish law. XBT Provider is not a licensed financial advisor. The views presented in this release are the opinions of the Board of XBT Provider 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, positively or negatively. Prospective investors in the Issuer’s certificates should carefully consider the suitability of such an investment and whether they have sufficient financial resources in order to be able to bear the risks associated therewith 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’s certificates do not confer on the holders thereof any claim to or against the relevant underlying crypto-asset to which they are referenced. The value and any payment due under XBT Provider’s certificates will be affected by the exchange rate between the US Dollar and the Euro or, as the case may be, between the US Dollar and the Swedish Kronor. Any returns upon XBT’s certificates will not be the same as the returns which a direct investment of an equivalent sum in the relevant underlying asset could produce. XBT Provider’s certificates are non-equity linked, non-principal protected, unsecured and unsubordinated and do not bear interest.

Thinking of Trading? Common Investor Questions

How Do I Trade?

Bitcoin Tracker One, Bitcoin Tracker Euro, Ether Tracker One and Ether Tracker Euro are traded in the same manner as any share or instrument listed on the Nasdaq exchange in Stockholm. To invest, you need an account, which is obtained through your bank, advisor or online broker. The product is listed on Nasdaq in Stockholm and is traded during normal opening hours: Monday to Friday, 9:00 to 17:25 (CET), except holidays. More questions? Please contact your advisor, brokerage or bank.

What Backs the Products?

We buy the relevant amount of bitcoin and/or ether 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 Global Advisors (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 Nasdaq (Stockholm) 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 http://www.mangold.se.

Ready to start trading?

Click here for access to all product fact-sheets.

Show Me the Fact Sheets

Gain access to our bi-weekly mailing with product news and investor insights.

Sign-up For Mail:

Subscribe

Terms of Entry (Use)

Users must accept these terms before they can proceed to access this website. By proceeding to access the information contained, referred or linked to on this website, users shall be deemed to have represented and warranted that the applicable laws and regulations of their relevant jurisdiction allow them to do so.

It should, in particular, be noted that the Tracking ETPs referenced on this website have not been, and will not be, registered under the Securities Act 1933, as amended of the United States (the "Securities Act"), or with any securities regulatory authority of any state or other jurisdiction of the United States and may include securities in bearer form that are subject to United States tax law requirements. Such Tracking ETPs may not be offered, sold or (in the case of bearer securities) delivered within the United States or to, or for the account or benefit of, US persons, except pursuant to offers and sales in an offshore transaction that occurs outside the United States in accordance with the applicable provisions of Rule 903 of Regulation S under the Securities Act or pursuant to another available exemption from the registration requirements under the Securities Act.