XBT Provider AB, the issuer of bitcoin and ether tracking certificates on Nasdaq Stockholm, today issued a statement to clarify the recent action by the U.S. Securities and Exchange Commission to temporarily suspend trading in their securities Bitcoin Tracker One and Ether Tracker One only relates to trading in the United States.
The suspension does not apply to trade on the actual listing market – Nasdaq Stockholm, and does not relate to any action taken or failed to be taken by XBT Provider AB. 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.
The XBT Provider team said, “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. 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.”