US SEC halts trading in two cryptocurrency products, citing market confusion
Updated : September 10, 2018 09:59 AM IST
The SEC said in a statement that trading in Bitcoin Tracker One and Ether Tracker One would be halted in the United States until at least September 20.
The products promise to track the price of the cryptocurrencies, less fees. They are both listed on a Nasdaq Inc exchange in Stockholm, but trade "over the counter" in transactions that occur off exchanges within the United States.
The SEC has taken a strict stance against letting ETFs tracking bitcoin and other cryptocurrencies come to market.