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U.S. SEC halts trading in two cryptocurrency products, citing market 'confusion'

U.S. SEC halts trading in two cryptocurrency products, citing market 'confusion'
FILE PHOTO: A cryptocurrency mining computer is seen in front of bitcoin logo during the annual Computex computer exhibition in Taipei, Taiwan June 5, 2018. REUTERS/Tyrone Siu   -   Copyright  Tyrone Siu(Reuters)
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NEWYORK (Reuters) – The U.S. Securities and Exchange Commission said on Sunday it was immediately suspending trading in two investment products that track cryptocurrencies, citing “a lack of current, consistent and accurate information.”

The SEC said in a statement that trading in Bitcoin Tracker One <CXBTF.PQ> <CXBTF.PK> and Ether Tracker One <CETHF.PQ> <CETHF.PK> would be halted in the United States until at least Sept. 20, and added that there was “confusion” in the markets over whether the products were exchange-traded funds or not.

(Reporting by Trevor Hunnicutt; Editing by Peter Cooney)

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