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Crypto Carnage Holds Bitcoin Tracker's Plan for a Basket

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The creator of the first exchange traded Bitcoin tracker has called a halt on launching a basket of cryptocurrencies to trade on after splits in the blockchain caused uncertainty over what to include.

XBT Provider AB was never able to launch an exchange traded product based on a basket as planned late last year. It wants to wait and see which way the cryptocurrency community moves before acting, according to Laurent Kssis, the company’s chief executive officer.