A highly touted investment instrument that sought to appeal to U.S. public markets investors looking for cryptocurrency exposure has just seen a setback.
Announced on Sunday, the U.S. Securities and Exchange Commission (SEC) has issued an order seeking to suspend the trading of the Bitcoin Tracker One and Ether Tracker One exchange-traded notes, issued by XBT Provider AB, a Swedish-based subsidiary of the U.K. firm CoinShares Holdings.
https://www.coindesk.com/us-regulators-suspend-bitcoin-and-ether-investment-vehicles/
Get ready to be driven by another bearish trend again, this will give a short term shock therapy to the market. This one can be considered as a bad news too. I'm ready for another bearish trend of bitcoin now. SEC is really strict. Announced on Sunday, the U.S. Securities and Exchange Commission (SEC) has issued an order seeking to suspend the trading of the Bitcoin Tracker One and Ether Tracker One exchange-traded notes, issued by XBT Provider AB, a Swedish-based subsidiary of the U.K. firm CoinShares Holdings.
https://www.coindesk.com/us-regulators-suspend-bitcoin-and-ether-investment-vehicles/
We still have 2 bitcoin ETF need to be announced by SEC at the end of this month and i believe they will be rejected.