SEC Temporarily Suspends Bitcoin and Ether Exchange Traded Note (ETN) Trading

SEC Temporarily Suspends Bitcoin and Ether Exchange Traded Note (ETN) Trading
фото показано с : bitcoinist.com

2018-9-10 10:00

The US Securities and Exchange Commission (SEC) has temporarily halted trading in exchange-traded notes (ETN) Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF).

Temporary Suspension

With an official release issued September 9, the SEC announced the temporary suspension of exchange-traded notes dubbed Bitcoin Tracker One and Ether Tacker One.

SEC Issues Order of Suspension of Trading in Bitcoin Tracker One (“CXBTF”) and Ether Tracker One (“CETHF”) https://t.co/5z1vEYFBFB

— SEC_News (@SEC_News) September 9, 2018

Bitcoin Tracker One has been traded the Nasdaq Stockholm Exchange ever since 2015 but it wasn’t until August this year they became available for US investors. Bitcoin Tracker One was offered by a parent company of CoinShares Holdings, LTD.

According to Fundstrat’s co-founder and head analyst Tom Lee, ETN products reveal many similarities with the much awaited Bitcoin ETF. Trading the ETN resembles purchasing an American depositary receipt. This means that the trader will see a foreign-listed asset in US dollars.

While the trades are executed in US Dollars, they are cleared, settled, and held in custody in the home market, which, when it comes to Bitcoin Tracker One, is Sweden.

Bitcoin’s Fine

According to legal expert Jake Chervinsky, however, the problems the SEC is facing is with the CXBTF and CETHF trackers themselves, not with bitcoin or ether.

“As the full SEC order of suspension explains, the issue is “a lack of current, consistent and accurate information” on these products, such as whether they are ETFs, ETNs, or something else,” Chervinsky tweeted.

Indeed, the official release reads:

The Commission temporarily suspended trading in the securities CXBTF and CETHF because of confusion amongst market participants regarding these instruments.

In the meantime, Bitcoin 00 continues to dominate the entire cryptocurrency market. At the time of writing, Bitcoin dominance, the digital currency’s market cap share of the entire market, is 55.6 percent – the highest it has ever been since December 17, 2017.

Will the suspension have an impact on BTC price? Share your comments below!

Images courtesy of Shutterstock

The post SEC Temporarily Suspends Bitcoin and Ether Exchange Traded Note (ETN) Trading appeared first on Bitcoinist.com.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ether Zero (ETZ) на Currencies.ru

$ 0.0011137 (-1.29%)
Объем 24H $18.835k
Изменеия 24h: 0.20 %, 7d: -2.78 %
Cегодня L: $0.0011137 - H: $0.0011137
Капитализация $195.566k Rank 1673
Цена в час новости $ 0.1115 (-99%)

sec one bitcoin tracker ether trading suspension

sec one → Результатов: 125


Это может быть знаком того, что SEC наконец-то одобрит BTC-ETF

Несмотря на ожидания того, что Комиссия по ценным бумагам и биржам (SEC) одобрит первый BTC-ETF, в недавнем пресс-релизе регулятор сообщил о том, что временно приостановил торговлю Bitcoin Tracker One («CXBTF») и Ether Tracker One («CETHF»).

2018-9-10 15:13


SEC приостановила торговлю биткойн-нотами (ETN)

SEC издала приказ о временной приостановке торгов активно рекламируемым в США инвестиционным инструментом, который был выпущен на американский биржевой рынок — публично торгуемой биржевой биткойн-нотой (ETN).

2018-9-10 12:25


SEC приостановила торговлю криптовалютными ETN от компании XBT Provider

Комиссия по ценным бумагам и биржам США (SEC) приостановила торговлю на американском рынке двумя криптовалютными биржевыми нотами, привязанными к доллару. Речь идет о Bitcoin Tracker One (CXBTF) и Ether Tracker One (CETHF), предлагаемых компанией XBT Provider.

2018-9-10 10:13


SEC приостановила торговлю привязанными к USD биржевыми нотами от XBT Provider

Комиссия по ценным бумагам и биржам США (SEC) распорядилась приостановить торговлю привязанными к доллару криптовалютными биржевыми нотами (ETN) Bitcoin Tracker One («CXBTF») и Ether Tracker One («CETHF») от компании XBT Provider AB на американском рынке.

2018-9-10 09:19


Фото:

Bitcoin ETFs Will ‘Remain Rejected’ Despite SEC Review, Says Analyst

Bitcoin exchange-traded funds will “remain rejected” despite US regulators ordering a review into why it rejected one of them, a market analyst forecast August 27. 9 ETFs ‘Will Remain Rejected’ In weekly comments on cryptocurrency and traditional markets, Mati Greenspan, CEO of UK-based hybrid trading platform eToro, described the decision to look into the US Securities and Exchange Commission’s (SEC) rejection of the Winklevoss ETF “largely a procedural protest.

2018-8-28 22:00


Фото:

Tron (TRX) Is Now Accessible to Over 2.2 Million Businesses and Users through CoinPayments

The mood and feel in the crypto-verse this Friday the 24th of August is one of optimism as the SEC announced that it was reviewing all 9 Bitcoin backed ETF denials. The nine ETFs by ProShares, Direxion, and GraniteShares were rejected yesterday due to concerns about volatility and lack of a ‘significant size’ markets to […] The post Tron (TRX) Is Now Accessible to Over 2.

2018-8-24 12:40


Era of Bitcoin ETFs Rejection is now as SEC Rejects 9 More ETFs Applications

Yesterday, a publication was made in one of my articles that was published yesterday if SEC is out to undermine cryptocurrency through it’s continuous rejection of bitcoin exchange traded funds submissions made by some organizations or delay in decisions in some? It might be that this was read by them as they were able to […] The post Era of Bitcoin ETFs Rejection is now as SEC Rejects 9 More ETFs Applications appeared first on ZyCrypto.

2018-8-24 11:03


Is SEC undermining the future of Cryptocurrency ?

One of the greatest body whose position is either appreciated or disdained among cryptocurrency enthusiasts is the Security and Exchange Commission of U.S. SEC has been in the news this year after it pushed most of it’s attention in the new invention that is presently gathering momentum from different corners of the world, especially after […] The post Is SEC undermining the future of Cryptocurrency ? appeared first on ZyCrypto.

2018-8-22 14:07


Фото:

Credible CBOE Insider: VanEck/SolidX Bitcoin ETF has 99% Chance For Approval After SEC’s Delayed Decision

Legit CBOE Insider Continues to Be Positive After Bitcoin ETF Delay, Source Suggests There’s a “99%” Chance of VanEck SolidX Bitcoin ETF Approval Earlier this week, the United States Securities and Exchange Commission (SEC) sent cryptocurrency markets plummeting when it delayed the decision on one of the most promising ETFs in the crypto space. Despite […]

2018-8-9 19:02


Long Blockchain Subpoenaed by the SEC Months After Nasdaq Delisting

When Bitcoin was hitting record highs in December, blockchain technology was one of the hottest areas that companies sought to invest in. To take advantage of the hype and the increased investment flowing into the industry, some companies changed their names and their core services and began to offer blockchain-related services. One of them was […]

2018-8-4 23:00