Despite expectations that the Commission on securities and exchange Commission (SEC) approves first BTC-ETF, in a recent press release, the regulator has announced that temporarily suspended trading in the Bitcoin Tracker One (“CXBTF”) and Ether One Tracker (“CETHF”). Some sources reported that this event will entail first BTC-ETF.
After continuous trading for nearly two years the SEC has suspended trading in the securities based on BTC and ETH. The reason for this, according to the SEC itself, was the confusion among market participants with regard to these tools.
Is this move a sign of the emergence of BTC-ETF?