IMPORTANT DISCLAIMER

Members of the CoinShares group of companies (the “CoinShares Group”) are committed to strong standards of service and corporate governance and are proud of the CoinShares Group’s reputation and standing within the world of crypto-currencies and other digital assets. However, CoinShares (UK) Limited, which is the issuer of the materials on this website, is not a financial adviser (and does not hold itself out as such). CoinShares (UK) Limited is an appointed representative of Sapia Partners LLP. Sapia Partners LLP is authorised and regulated by the Financial Conduct Authority (550103).

Crypto-currencies can be extremely volatile and subject to rapid fluctuations in price, positively or negatively. Investment in one or more crypto-currencies may not be suitable for even a relatively experienced and affluent investor. Each potential investor must make their own informed decision in connection with any such investment (after having sought independent financial advice thereon). Past performance is not necessarily a guide to future performance. Any estimates of future performance contained herein are based on assumptions that may not be realised.

The contents of this website is for informational purposes only and investors should not base an investment decision upon the content herein and are strongly recommended to seek independent financial advice upon any investment which they are contemplating.

The material contained or referred to herein:

  • is not (and is not intended to be) an offer to buy or sell (or a solicitation of an offer to buy or sell), crypto-currency, nor does it Constitute investment, legal, tax or other advice; and
  • has been obtained, derived or is otherwise based upon sources which are believed to be reliable.

However, no guarantee can be (or is) provided in relation to the accuracy or completeness of the same. To the extent permissible at law, CoinShares (UK) Limited does not accept:

  • any liability arising from the use, misuse or non-use of the material contained or referred to herein; or
  • responsibility for any financial loss incurred as a result of a decision to invest in one or more crypto-currencies.

Please also note that no member of the CoinShares Group is under an obligation to disclose or otherwise take into account the contents of this website if or when advising customers or dealing with investments on their customers’ behalf.

Material contained in this report satisfies the regulatory provisions concerning independent investment research as required under MiFID. Information concerning conflicts of interest, and the management thereof by the CoinShares’ Group, is contained in the CoinShares Group’s ‘Policy for Managing Conflicts of Interests regarding Investment Research.’ It should be noted that certain members of the Global Advisors’ group of companies, of which the CoinShares Group is a division thereof, do, from time to time, act as a market-maker or adviser in relation to crypto-currencies for individuals and/or entities mentioned in this document (and may be represented on the board or other governing body of such entities). Additionally, such members of the Global Advisors’ group do, from time to time, act as a principal trader in the crypto-currencies referred to in this report and may hold those (and other) crypto-currencies. Employees of the Global Advisors’ group (including the CoinShares Group), or individuals and entities connected thereto, may also from time to time hold one or more of the crypto-currencies mentioned in this document. The CoinShares Group also includes XBT Provider AB (Publ), the issuer of four series of Certificates listed on Nasdaq Stockholm and four series of Certificates on Nordic Growth Market, which earns management fees from the Certificates.

The views and sentiments of the CoinShares Group, expressed or which are reflected in this website, are subject to change from time to time and without notice. The CoinShares Group may (and does intend), from to time, to prepare and issue further information on this website. This further information may be inconsistent with, and reach different conclusions to, the information contained or referred to herein. Please note that members of the CoinShares Group are under no obligation to ensure that such information are brought to the attention of any user of this website.

The content of this website is subject to copyright with all rights reserved. This website (and any part(s) thereof) may not be reproduced, modified, linked-to or otherwise used for any purpose without the prior written consent of the copyright holder.

Additional notice to U.S. Persons: This website is not appropriate for any person (natural, corporate or otherwise) who is a US Person as defined under Regulation S of the United States’ Securities Act of 1933, as amended (which such definition includes, for the avoidance of doubt, any US resident, corporation, company, partnership or other entity established under the laws of the United States). Accordingly, this website should not be distributed to, used or relied upon by any US Person.

Additional notice to UK residents: Although not intended to be, this website and the communication of it may contain material that is interpreted as a ‘financial promotion’ for purposes of the United Kingdom’s Financial Services and Markets Act 2000 (“FSMA”). The contents of this website and any communication of it have been approved for the purposes of Section 21 of FSMA. Accordingly, this website and the communication of it is issued only to, or directed at persons in the United Kingdom who are reasonably believed to be: (i) Investment Professionals within the meaning of Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (“FPO”); (ii) Certified High Net-Worth Individuals within the meaning of Article 48 of the FPO; (iii) High Net-Worth companies, unincorporated associations etc. within the meaning of Article 49 of the FPO; (iv) Sophisticated Investors within the meaning of Article 50 of the FPO; (v) Self-certified Sophisticated Investors within the meaning of Article 50(A) of the FPO; and (vi) Associations of High Net-Worth or Sophisticated Investors with the meaning of Article 51 of the FPO.

Copyright © 2019 CoinShares Group

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.

UK Investors - Self Certified Sophisticated Investor Disclosure

The content of this promotion may not have been approved by an authorised person within the meaning of the Financial Services and Markets Act 2000. Reliance on this promotion for the purpose of engaging in any investment activity may expose an individual to a significant risk of losing all of the property or other assets invested. This promotion is exempt from the general restriction (in section 21 of the Financial Services and Markets Act 2000) on the communication of invitations or inducements to engage in investment activity on the ground that it is made to a self-certified sophisticated investor. A Self-Certified Sophisticated Investor is an individual who has signed within the period of twelve months ending with the day on which the communication is made, a statement confirming that at least one of the following applies:

  • The investor is a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date of signing the statement;
  • The investor has made more than one investment in an unlisted company in the two years prior to the date of signing the statement;
  • The investor is working, or has worked in the two years prior to the date of signing the statement, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises;
  • The investor is currently, or has been in the two years prior to the date of signing the statement, a director of a company with an annual turnover of at least £1 million.

I declare that I am a self-certified sophisticated investor for the purposes of the Financial Services and Markets Act (Financial Promotion) Order 2005. I understand that this means:

  • I can receive financial promotions that may not have been approved by a person authorised by the Financial Conduct Authority;
  • The content of such financial promotions may not conform too rules issued by the Financial Conduct Authority;
  • By signing this statement I may lose significant rights;
  • I may have no right to complain to either of the following —
    1. The Financial Conduct Authority; or
    2. The Financial Ombudsman Scheme;
  • I may have no right to seek compensation from the Financial Services Compensation Scheme.

If, as a recipient of this promotion you are in any doubt about the investment to which the promotion relates you should consult an person authorised under the Financial Services and Markets Act 2000 specialising in advising on investments of the kind detailed in this promotion.

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.