Bitcoin XBT vs Bitcoin? (Sweden)


#21

Update from Avanza Bank.

Looks like at least for Avanza customers there is no need to go to the XBT provider website and complete the kyc process.

Utbetalning från XBT Provider

Hej!

XBT Provider har kommunicerat att ägare av deras certifikat Bitcoin XBT samt Bitcoin XBTE per öppningen av handel den 1 augusti 2017 har möjlighet att ansöka om kontant återbetalning. Återbetalningen görs för att fördela ut den försäljningslikvid som uppstått när XBT Provider valde att avyttra sin position i Bitcoin Cash som de fick i samband med Bitcoins ”Fork” tidigare i år (Läs mer här). För att administrera utbetalningen har XBT valt att öppna en webbportal på deras sajt där man som kund registrerar sina uppgifter.

Vi har kontaktat XBT Provider för att undersöka möjligheten att hjälpa våra kunder med denna ansökningsprocess. Som det ser ut idag så kommer du som enskild kund inte att behöva registrera dig via deras webbportal utan vi kommer att begära utbetalningen åt dig. Skulle något förändras kommer vi självklart att skicka ut information om detta. I dagsläget vet vi inte hur stor utbetalningen kommer att vara eller hur lång tid processen kommer att ta. XBT har dock indikerat att utbetalning ska ske senast 20 mars 2018.

Återkom gärna om du har fler funderingar kring detta.

Med vänliga hälsningar
Avanza

Payment from XBT Provider

Hey!

XBT Provider has announced that owners of their Bitcoin XBT and Bitcoin XBTE certificates per opening of trading on August 1, 2017 have the opportunity to apply for a cash refund. The refund is made to distribute the sales settlement that occurred when XBT Provider chose to divest its position in Bitcoin Cash as they received in connection with Bitcoin’s “Fork” earlier this year (Read more here). In order to administer the payment, XBT has chosen to open a web portal on their site where you register as a customer.

We have contacted XBT Provider to investigate the possibility of helping our customers with this application process. As it appears today, you as an individual customer will not have to register via their web portal, but we will request payment for you. Should something change, we will of course send out information about this. At the present time, we do not know how much the payment will be or how long the process will take. However, XBT has indicated that payment must be made by 20 March 2018.

Please return if you have more questions about this.

Sincerely
Avanza


#22

Another update on BCash(LOL) payouts to BTC holders at the time of the BTC/BCH fork on August 1 2017

https://www.avanza.se/placera/pressmeddelanden/2018/01/24/bitcoin-xbt-xbt-provider-ab-further-update-with-regard-to-distribution-of-bitcoin-cash-proceeds.html

STOCKHOLM, 24th January, 2017 - Further to its Press Release of 20th December, XBT Provider AB (Publ) (the “Issuer”) wishes to provide an update in respect of the upcoming cash distribution which will be made to those investors which held Certificates issued by it (referenced to bitcoin) as at the opening of trading on 1st August, 2017 (such persons, the “Relevant Holders”), and who have applied for such distribution (or had an application made on their behalf) and had such application accepted.

The Issuer has identified that, with the exception of just 40 Scandanavian-based individuals, all Relevant Holders are, in fact, custodians and nominees who at the applicable time held the relevant Certificates on behalf of their customers (many of which may be brokers in the market).

The Issuer has negotiated arrangements with these custodians and nominees pursuant to which the Issuer will make the relevant cash distribution directly to them and they, in turn, have agreed to onwardly remit the applicable sums to their relevant customers. To enquire about receipt of their cash distribution, such customers are recommended to contact the corporate actions departments of their brokers from Friday, 9th March, 2018 onwards. Interested brokers are invited to contact their nominee(s) or custodian(s) to confirm the details of the arrangements for the cash distribution on or before 9th March.


#23

Tyvärr blir det bara drygt 2000 kr för varje bitcoin man ägde (om jag räknade rätt tidigare). Det har kommit ett nytt certifikat från Vontobel, om du inte har sett det. Den heter “TRACK BITCOIN VON”. Jag mejlade dom följande frågor:

Vad er officiella handlingsplan vid eventuell forkning av bitcoinblockkedjan? Äger ni själva de bitcoin ni utfärdar via trackern?

Svar
The approach for future forks can not be predicted in advance. In the event of a future fork the issuer will take a comprehensive assessment of the risk and effect for the specific product and will publish the result.

There is no specific formula for calculating the underlying price. The reference agents are Coin Base, Kraken Bitcoin Exchange and Bitfinex. To calculate the underlying price the calculation agent shall be entitled to determine in its reasonable discretion that the number of Reference Agents may be below or above two. Please be aware that the Underlying of this specific certificate is Bitcoin/USD exchange rate not Bitcoin/EUR exchange rate.

Snacka om intetsvar. Vad exakt menas med “comprehensive assessment”? Och de svarar inte på ägarstrukturen för bitcoinen man köper… Jag får dåliga vibbar.