GlobeNewswire by notified

XBT Provider announces plans for Ether Tracker One and Ether Tracker Euro following Ethereum’s Merge

Share

September 14, 2022 | STOCKHOLM, Sweden - XBT Provider AB (Publ) ( the "Issuer") has today announced details of the potential effects of Ethereum’s upcoming merge on two of its ether-based securities. 


The affected securities are listed below:


Ether Tracker One
Nasdaq Ticker: ETHEREUM XBT
Bloomberg Ticker: COINETH:SS
ISIN: SE0010296574


Ether Tracker Euro 
Nasdaq Ticker: ETHEREUM XBTE
Bloomberg Ticker: COINETHE:SS
ISIN: SE0010296582


The Issuer has been closely following the developments in the Ethereum protocol, with respect to both the proposed move (the “Merge”) to a Proof of Stake consensus network (the “ETHPoS”) as well as the proposed fork (the “Fork”) of the existing Proof of Work consensus network (the “ETHPoW”).  As a result of the Fork, the Issuer understands that a new Digital Currency (“ETHW”) will be created and distributed pro rata to all holders of the existing Ether Digital Currency (ETH).  


Although the Issuer, in accordance with the Prospectus, has no legal obligation to distribute forked coins to certificate holders, it nevertheless seeks to return the value creation to Certificate Holders where possible. Accordingly, the Issuer has developed the following (long-standing) policy on forks: 


  1. Forks eligible for the plan will be selected according to the available information of each separate fork, at the Issuer's discretion, with a focus on the viability and value of the new token.
  2. The forks will be distributed to certificate holders bi-annually.
  3. Critically, the Issuer will provide a corporate action date, in which certificate holders in possession of the certificates (as at the corporate action date) will be eligible to receive a cash distribution accumulated by forks during the preceding half-year period.
  4. Only owners of certificate by Euroclear definition will be paid and they will distribute to their underlying clients, sometimes multiple levels.
  5. Once owners are paid, the responsibility is no longer within the firm for good execution.
  6. The Issuer will announce a corporate action date three (3) weeks in advance of each bi-annual fork distribution. 
  7. The corporate action date is designed to allow the Issuer to capture a snapshot of the registered certificate holders at the point of the corporate action. These certificate holders will be eligible to receive proceeds the Issuer has collected during the preceding 6 months.

The Issuer notes that the market for ETHW may experience significant price volatility during the Merge and that the new protocol for ETHW may experience risks associated with the stability of the technology underpinning the protocol as well as risks to the adoption of ETHW among exchanges and custodians.   The Issuer will endeavour to sell ETHW and distribute the proceeds to Certificate Holders in the event the proceeds are material and the protocol is stable, but the Issuer can make no guarantees as to its ability to do this..



About XBT Provider


XBT Provider AB (Publ) (“XBT Provider”), a CoinShares company, is the Swedish-domiciled issuer of the Bitcoin Tracker One (SE0007126024), Bitcoin Tracker Euro (SE0007525332), Ether Tracker One (SE0010296574), Ether Tracker Euro (SE0010296582), series of certificates (collectively, the “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 Stockholm. In 2017, Ether Tracker One became the first ether-referenced security available on a regulated exchange when it listed on Nasdaq Stockholm. The Certificates are available and traded in the same manner as any other share or instrument listed on their respective exchanges.


XBT Provider’s Prospectus is approved by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) and the 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 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 XBT Provider’s latest Prospectus (including, in particular, the risk warnings set out therein). The 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 the 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 the Certificates will not be the same as the returns which a direct investment of an equivalent sum in the relevant underlying crypto-asset could produce. The Certificates are non-equity linked, non-principal protected, unsecured and unsubordinated and do not bear interest.


To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Turning the Tables on Non-Productive Screen Time: Game On, Kids!1.12.2022 18:31:34 CET | Press release

LONDON, Dec. 01, 2022 (GLOBE NEWSWIRE) -- A new app, GenMove, released by app developer G13R Ltd, in collaboration with the World Health Organization, combines artificial intelligence (AI) and the selfie camera to create a fun and playful gamified exercise experience. GenMove aims to get more children up off the couch and moving and, in doing so, turn the tables on the sedentary lifestyle that is largely driven by more and more screen time. Any parent knows that sinking feeling when they try to pry their children away from their phones, tablets, and computer screens. It's like preparing for battle. The addictive tendencies and impacts of too much screen time are undeniable. The GenMove app literally puts its players in the game - through AI body tracking - and provides a high-intensity exercise experience, encouraging its players to coordinate their body movement to control their progress through a series of games and levels. The GenMove app allows its players to self-regulate the inte

Vantiva Q3 announcement1.12.2022 18:00:00 CET | Press release

Press Release VantivaQ3 announcement GUIDANCE IS CONFIRMED ADJUSTED EBITDA1OF €50 MILLION IN Q3, UP 40% yoy SOLID REVENUE GROWTH Paris (France), December 1st, 2022 Vantiva (Euronext Paris: VANTI; OTCQX: TCLRY) Following the spin-off of Technicolor Creative Studios (TCS), Vantiva now comprises two separate business segments, each with solid fundamentals and leading positions in their respective markets: Connected Home and Supply Chain Solutions. Vantiva achieved 45% growth in revenue in the quarter, achieving €765 million (+27.1% at constant exchange rate) and driven largely by performance of the Connected Home division, which continues to enjoy strong demand coupled with improved components availability. Adjusted EBITDA amounted to €50 million (+40%), representing 6.5% of revenues (6.8% in Q3 2021). Despite challenging market conditions, including an inflationary environment, Vantiva has increased its adjusted EBITDA by €14 million. The margin dilution in the quarter came mostly from a

Iveco Group announces Senior Leadership Team changes1.12.2022 18:00:00 CET | Press release

Turin, 1st December 2022. Iveco Group N.V. (MI: IVG) today announces the appointment of Angela Qu as Chief Supply Chain Officer and Ángel Rodríguez Lagunilla as Chief Manufacturing Officer, effective immediately. Angela Qu has over 25 years of experience in manufacturing, supply chain, procurement and management consulting. In 1994, Ms. Qu was appointed by Siemens to develop greenfield manufacturing sites in China. She then headed Global Sourcing at Leybold Optics, later acquired by Bühler Group. She joined ABB in 2005, where she worked in Germany and Switzerland with increasing responsibilities, mainly in Supply Chain and ultimately leading the function at global level. In 2019, Ms. Qu was appointed Chief Procurement Officer of Lufthansa Group and was also a member of the Supervisory Board of Lufthansa Cargo. Ms. Qu holds an MBA in Supply Chain Management from ETH Zurich, Switzerland, she is currently an independent Board Director for Gurin Energy and DANX Carousel and a member of the

Rovio Entertainment Corporation: Repurchase of own shares on 1 December 20221.12.2022 17:45:00 CET | Press release

Rovio Entertainment Oyj STOCK EXCHANGE RELEASE 1.12.2022 at 18.45 EETRovio Entertainment Corporation - Repurchase of own shares on 1.12.2022Rovio Entertainment CorporationIn the Nasdaq HelsinkiDate1.12.2022Exchange transactionBUYShare trading codeROVIOAmount, shares35430Average price/share, EUR6,095207Total cost, EUR215953,18Rovio now holds a total of 6 453 043 shares including the shares repurchased on 1.12.2022On behalf of Rovio Entertainment CorporationOP Corporate Bank PLC Further information: Timo Rahkonen, VP Investor Relations & Corporate Strategy +358 40 730 3442 RovioIR@rovio.com Distribution: Nasdaq Helsinki Ltd Key media www.rovio.com About Rovio: Rovio Entertainment Corporation is a global mobile-first games company that creates, develops and publishes mobile games, which have been downloaded over 5 billion times. Rovio is best known for the global Angry Birds brand, which started as a popular mobile game in 2009, and has since evolved from games to various entertainment, a

Coloplast A/S - Announcement no. 14/2022 - Articles of Association1.12.2022 17:33:41 CET | Press release

Articles of Association for Coloplast A/S as adopted at the Annual General Meeting of Coloplast A/S held today, 1 December 2022 are enclosed. Our mission Making life easier for people with intimate health care needs Our values Closeness... to better understand Passion... to make a difference Respect and responsibility... to guide us Our vision Setting the global standard for listening and responding For further information, please contact Investors and analysts Anders Lonning-Skovgaard Executive Vice President, CFO Tel. +45 4911 1111 Aleksandra Dimovska Director, Investor Relations Tel. +45 4911 1800 / +45 4911 2458 Email: dkadim@coloplast.com Kristine Husted Munk Sr. Manager, Investor Relations Tel. +45 4911 1800 / +45 4911 3266 Email: dkkhu@coloplast.com Press and media Peter Mønster Sr. Media Relations Manager Tel. +45 4911 2623 Email: dkpete@coloplast.com Address Coloplast A/S Holtedam 1 DK-3050 Humlebaek Denmark Company reg. (CVR) no. 69749917 Website www.coloplast.com This announ