Confusion between ETN & ETF led to Bitcoin Tracker One’s SEC suspension: Securities Lawyer

XBT Provider, an issuer of Bitcoin and Ether exchange-traded products based in Sweden introduced a Bitcoin Exchange-Traded Note (ETN) to be issued in the American market back in July. However, the apex financial regulator of the United States, the Securities and Exchange Commission (SEC) suspended the ETN for a period of 10 days.Source

Monday, September 10, the announcement was made via an official statement from the SEC to suspend the Bitcoin Tracker One ETN till September 20. An explicit reference to causing confusion among the investors was mentioned in the statement released on the SEC website, with reference to the products issued by XBT Provider.

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