SEC Suspends Trading of XBT Provider’s Bitcoin and Ether Exchange-Traded Product

The U.S. Securities and Exchange Commission (SEC) issued an "Order of Suspension of Trading" for Bitcoin Tracker One ("CXBTF") and Ether Tracker One ("CETHF") issued by Swedish company XBT Provider AB. Bitcoin Tracker One, often referred to as 'Soft' Swedish Alternative to ETFs, has been available since May 2015 quoted in Euros and Swedish Krona (SEK). Last month, as reported by ForkLog, it became available to the U.S. investors after being quoted in USD under the ticker CXBTF. However, in its statement on Sunday, September 9, the SEC attributes "a lack of current, consistent and accurate information" which leads to "confusion amongst market participants" as the reason for such a decision. SEC Issues Order of Suspension of Trading in Bitcoin Tracker One ("CXBTF") and Ether Tracker One ("CETHF") — SEC_News (@SEC_News) 9 September 2018 "The Securities and Exchange Commission ("Commission") announced the temporary suspension, pursuant to Section 12(k) of the