SEC halts trading in bitcoin and ether trackers, cites “confusion”

The Securities and Exchange Commission announced the temporary suspension of trading in the securities Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF) until at least September 20 because of “confusion amongst market participants regarding these instruments”. The SEC also cautioned broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the company. If any broker or dealer enters any quotation which is in violation, the SEC will consider the need for prompt enforcement action.

Read the full release

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