The Commission on securities and exchange Commission (SEC) issued an order to halt trading, exchange-traded notes Bitcoin Tracker Tracker One, and Ether One.

Investment tool was released XBT Provider AB — a subsidiary of the British firm CoinShares Holdings almost three years ago. The product was widely advertised, attracted the attention of American investors and was trading at major venues, including NASDAQ Nordic.

In its public statement, the SEC indicated that the exchange notes have caused confusion for market participants in America. The fact that the statement filed with the Commission XBT Provider AB, these products are defined as “exchange traded funds” (ETF). However, other open source tools called “exchange traded notes”, and the Issuer describes them as certificates that are not associated with equity participation. Because of the complexity of the nature of the products, the Commission decided to suspend trading.

The SEC claims that it acts in the public interest and to ensure the safety of investors, which is the main task of the Ministry.

The suspension began on 9 September at 17:30 and last until 23:59 us Eastern summer time (EDT) on September 20. Trading on non-us exchanges will not be interrupted.

About a month ago, the company that produces investment tools, announced that from August 15, their quotes will match us dollar (USD). Wrote Bloomberg, exchange-traded notes are an alternative to more complex exchange-traded funds, which to date can not get the approval of regulators. While the ETF still appears to be a faster way to bring cryptocurrency to the contact with the dollar.

Recall that various bitcoin ETF for the last six months trying to obtain permission to register from the SEC. The Commission rejected nine applications from companies Proshares, and Direxion GraniteShares, as well as a request from the Winklevoss brothers. Now the SEC is reviewing the registration statement of the Fund Cboe from two companies VanEck and SolidX.