Trading in Bitcoin-Related and Ethereum-Related Securities Suspended by SEC

Trading in Bitcoin-Related and Ethereum-Related Securities Suspended by SEC
фото показано с : blokt.com

2018-9-12 20:38

Two securities listed on the Stockholm Stock Exchange were issued suspension notices by the Securities and Exchange Commission (SEC) recently. Bitcoin Tracker One and Ether Tracker One were suspected to have materials that cause confusion over their inherent nature. The US financial watchdog published the notices on its website, saying that trading websites and broker-dealer application materials characterize the two securities as exchange-traded funds (ETFs). SEC has not greenlighted any crypto-related ETF products to date.

What Rules Did the Securities Break?

SEC believes that the two crypto-related securities have been wrongly classified as ETFs by broker-dealers and trading platforms. They are in fact “non-equity linked certificates,” as specified by the issuer — XBT Provider AB, a Stockholm-based Swedish company.

The agency clarified:

“It appears … that there is a lack of current, consistent and accurate information concerning Bitcoin Tracker One (Ticker Symbol: CXBTF) and Ether Tracker One (Ticker Symbol: CETHF), issued by XBT Provider AB (publ).”

The agency has suspended trading till Sept. 20, owing to the confusion regarding the financial instruments’ status as an ETF. It added that the suspension had been ordered to protect investor interests.

Is the SEC Signaling Anti-ETF Sentiments?

With the current suspensions in place, it seems that SEC is not comfortable with the idea of a crypto ETF yet. The agency has already rejected more than half a dozen applications for cryptocurrency ETFs. The latest move could disappoint investors further who were expecting an ETF product to debut in the market

Both securities are part of Nasdaq’s Nordic markets and offered exposure to both Bitcoin and Ethereum with lesser fees. XBT Provider, on the other hand, is owned by CoinShares, a London-based investment firm. Neither Nasdaq nor CoinShares commented on the story.

As the agency is tightening its grip on a relatively smaller part of a regulated entity like Nasdaq Nordic, the fate of the crypto ETF proposal by Cboe-VanEck-SolidX remains unclear. The decision about the application will be made on Sept. 30, 10 days after the suspension on the two securities is lifted.

Trading in Bitcoin-Related and Ethereum-Related Securities Suspended by SEC was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Safe Exchange Coin (SAFEX) на Currencies.ru

$ 0.0054306 (-0.25%)
Объем 24H $1.742k
Изменеия 24h: 1.41 %, 7d: -8.63 %
Cегодня L: $0.0053635 - H: $0.0055227
Капитализация $6.099m Rank 99999
Цена в час новости $ 0.0149241 (-63.61%)

securities sec trading exchange bitcoin-related notices suspended

Источник: blokt.com

securities sec → Результатов: 126


SEC Calls Out 6 Tokens as Securities in Bittrex Complaint: Reports

The U.S. Securities and Exchange Commission (SEC) has called six altcoins securities in a complaint against Bittrex. The exchange had been served with a Wells Notice. According to a Twitter news account, @tier10k the SEC has named OMG Network (OMG), Dash (DASH), Algorand (ALGO), Monolith (TKN), NAGA (NGC), and IHT Real Estate Protocol (IHT) as … Continued The post SEC Calls Out 6 Tokens as Securities in Bittrex Complaint: Reports appeared first on BeInCrypto.

2023-4-17 17:32


Фото:

SEC Chairman Gensler Says Some Stablecoins Could Qualify as Securities

Newly-appointed SEC Chief hints some stablecoins could fall under the legal definition of securities. Gensler Says Stablecoins Could Be Securities U.S. Securities and Exchange Commission (SEC) Chair, Gary Gensler recently went on record saying that digital currencies whose price are pegged to traditional securities might fall under the securities laws. The SEC Chair made theRead More

2021-7-22 04:00


Securitize gets approval from SEC to become first crypto securities record-keeper

San Fransisco-based digital securities issuing platform Securitize became the first “blockchain-focused agent” to get SEC approval.   The company said this will enable the company to be an official keeper of records for all digital securities registered with the SEC, positioning it as a one-stop digital securities service provider, said the company to CryptoSlate.

2019-8-23 12:34


Фото:

5 ICOs are expected to be approved this month by Thailand’s SEC

Thailand’s securities regulator is reportedly expecting to approve five initial coin offerings (ICOs) later this month. According to the Bangkok Post on Wednesday, the Thailand Securities and Exchange Commission (SEC) has said that, while 50 ICOs in the country are currently applying for regulatory approval, five of them are already in a position to move ahead.

2018-6-14 17:03


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Whales Continue To Accumulate $FRIEND Despite Price Decline

Despite experiencing a 7% decline in value today, the cryptocurrency token $FRIEND is witnessing increased accumulation by whales, signaling growing investor interest in the project. This trend is evident as on-chain data reveals notable inflows into the $FRIEND ecosystem.