As the crypto market continues to see a drop in the value of some digital currencies, investors are still deep in the business and they hope that a positive trend will soon reappear on the limelight. There is still a mix of positive and negative happenings. And, here is what we’ve seen this week.
The securities, Bitcoin Tracker One and Ether Tracker One, were slapped with a suspension notice by the Securities and Exchange Commission (SEC) on its website.
The regulator said that broker-dealer application materials and trading websites characterized the products as exchange-traded funds (ETFs) – listed funds that track a basket of assets.
Instead, the securities are “non-equity linked certificates,” the SEC said, citing the products’ issuer. The SEC ordered trading to be halted until September 20.
The primary reason for suspending the trade in these two currencies is closed tied to the confusion of the financial nature of these products.
As reported by Ethereum World News on multiple occasions over the past few weeks, Dogecoin, the internet’s favorite meme cryptocurrency, has been on a rip as of late. Per data compiled by TradingView (seen below), the price of the asset, which is now the 20th largest cryptocurrency by market cap, has near-tripled in USD value over the past two weeks and has more than tripled in Satoshis.
Overall, this currency has outperformed many digital currencies so far. And it continues to grow despite the crypto market mix.
A survey referenced on CNN shows that investors are not yet giving up on crypto trading. This means they will continue to invest in the business.
A majority of accredited cryptocurrency investors and nearly three-fourths of retail investors plan to increase their cryptocurrency holdings in the next 12 months, a new survey suggests.
That survey, conducted by securities trading platform SharesPost in July and eliciting responses from 2,490 retail investors and 528 accredited investors, found that current cryptocurrency owners remain highly-bullish on the nascent asset class, though they now expect mainstream adoption to take longer than they had when asked earlier in the year.
According to the survey report, crypto investors have not yet lost faith in the Cryptocurrency market and hope currency trends will get better with time.
With investors’ motive to continue investing in digital currency still high, the investment trend is expected to continue for a long time, despite the value of a powerful currency, Bitcoin, being low at this time.