SEC suspends trading of Bitcoin Tracker One, Ether Tracker One

by crypto journalist

The Securities and Exchange Commission announced Sunday suspensions in trading of the securities Bitcoin Tracker One

CXBTF,

and Ether Tracker One

In a statement, the SEC said trading was suspended as of 5:30 p.m. Eastern and will continue until 11:59 p.m. Sept. 20. The suspension was ordered because of “confusion amongst market participants,” the SEC said. Bitcoin Tracker One started trading as an exchange-traded note in August and was seen by some as the closest thing to an exchange-traded fund for bitcoin. The SEC has repeatedly denied applications for bitcoin

BTCUSD,

ETFs.

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