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.
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.