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Over the weekend, the Securities Exchange Commission temporarily halted trading in US venues of two products from Swedish company XBT Provider. The CoinShares associated operation has had ongoing successes from their Bitcoin and Ethereum instruments across Europe since 2015 and recently made moves to court US investors, with share classes of two products quoted in USD since last month and steadily gaining some traction within the US.
The SEC appears to have delayed any ambitions for CXBTF and CETHF becoming a valid option for the growing numbers of US investors seeking to gain exposure to the nascent cryptocurrency markets, with the Commission pointing towards the contradictory descriptions of the products across Broker-Dealer application documents, online resources and the issuers
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