Barclays Bank has suspended any new sales from inventory and any issuances of each of the iPath Pure Beta Crude Oil ETNs due April 18, 2041 and the iPath Series B S&P 500 VIX Short-Term Futures ETNs due January 23, 2048, until further notice.
‘The suspension announced yesterday may cause fluctuations in the trading value of such ETNs,’ stated the bank. ‘Daily redemptions at the option of holders of the ETNs will not be affected by this suspension.’ These actions are not the result of the crisis in Ukraine or any issue with the market dynamics in the underlying index components According to Barclays, the suspension is being imposed because the bank does not currently have sufficient issuance capacity to sup
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