Barclays Suspends Sales For 30 iPath ETNs
The move comes weeks after the bank halted ‘VXX’ and ‘OIL.’
Barclays is halting sales of 30 iPath exchange-traded notes, nearly a month after an error forced the bank to halt redemptions of its oil and VIX futures notes.
The sales halt is effective as of trading Thursday and affects nearly $2.8 billion worth of assets between 30 notes.
In a statement, the bank said it is amending financial statements in its calendar year 2021 annual report regarding internal controls. Since its ETN prospectuses reference that document, Barclays said it cannot continue to sell those securities until it amends the note registration and registration shelf statements.
A Barclays spokesperson declined to comment on when the bank expects to make amendments and restart sales.
Barclays is restating parts of its annual report in part due to its mid-March suspension of the iPath Pure Beta Crude Oil ETN (OIL) and the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX). The bank said it had issued roughly $15.2 billion more of the notes than the $20.8 billion maximum in the registration statements for approximately a year due to an administrative error.
The bank took a $591 million charge for the quarter in connection with the error.
| Fund | Ticker | AUM |
| iPath Bloomberg Commodity Index Total Return ETN | DJP | $1,194,585,049.59 |
| iPath Shiller CAPE ETN | CAPD | $457,424,822.40 |
| Barclays ETN+ Select MLP ETN | ATMP | $213,942,212.11 |
| iPath Series B Bloomberg Copper Subindex Total Return ETN | JJC | $98,288,366.37 |
| iPath Series B Carbon ETN | GRN | $88,347,169.66 |
| iPath Series B Bloomberg Coffee Subindex Total Return ETN | JO | $75,807,641.44 |
| iPath Series B Bloomberg Grains Subindex Total Return ETN | JJG | $64,849,739.24 |
| iPath Series B S&P 500 VIX Mid-Term Futures ETN | VXZ | $63,281,280.77 |
| iPath Series B Bloomberg Nickel Subindex Total Return ETN | JJN | $60,779,356.11 |
| iPath Pure Beta Broad Commodity ETN | BCM | $57,143,539.08 |
| iPath S&P GSCI Total Return Index ETN | GSP | $44,104,934.22 |
| Pacer iPath Gold ETN | GBUG | $41,441,725.62 |
| iPath Series B Bloomberg Cotton Subindex Total Return ETN | BAL | $40,265,894.73 |
| iPath Series B Bloomberg Tin Subindex Total Return ETN | JJT | $35,038,091.22 |
| iPath Series B Bloomberg Sugar Subindex Total Return ETN | SGG | $32,625,873.24 |
| iPath Series B Bloomberg Agriculture Subindex Total Return ETN | JJA | $29,226,073.78 |
| iPath Series B Bloomberg Industrial Metals Subindex Total Return ETN | JJM | $28,130,122.59 |
| iPath Bloomberg Cocoa Subindex Total Return ETN | NIB | $25,778,534.62 |
| iPath Series B Bloomberg Aluminum Subindex Total Return ETN | JJU | $24,018,337.23 |
| Pacer iPath Gold Trendpilot ETN | PBUG | $23,917,750.60 |
| iPath Series B Bloomberg Livestock Subindex Total Return ETN | COW | $22,193,374.43 |
| iPath Series B Bloomberg Softs Subindex Total Return ETN | JJS | $20,239,704.20 |
| iPath Silver Exchange-Traded Notes | SBUG | $13,759,324.25 |
| iPath S&P MLP ETN | IMLP | $12,896,395.04 |
| iPath Series B Bloomberg Energy Subindex Total Return ETN | JJE | $7,768,495.76 |
| iPath Series B Bloomberg Precious Metals Subindex Total Return ETN | JJP | $6,965,603.44 |
| iPath Series B Bloomberg Platinum Subindex Total Return ETN | PGM | $6,262,749.66 |
| Barclays Women in Leadership ETN | WIL | $3,791,149.71 |
| Barclays Return On Disability ETN | RODI | $2,560,898.40 |
| iPath Bloomberg Lead Subindex Total Return ETN | LD | $2,507,568.59 |
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