Crypto-investment products suspended by SEC over mischaracterization

Bitcoin Tracker One and Ether Tracker One were characterized as exchange-traded funds by their issuer, XBT Provider AB. The SEC believes these products were mischaracterized and is seeking to suspend their trading.

About Author

Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi

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