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CBOE Applies To Listing Bitcoin ETF


The Chicago Board Options Exchange (CBOE) has applied for the listing of an exchange-traded fund (ETF) based on bitcoin investment company VanEck.

The US Securities and Exchange Commission (SEC) must confirm the start of consideration of the application and give a response within 45 days. The regulator can postpone the deadline within 240 days, after which it can make a final decision.

In a comment to The Block, CBOE clarified that the application is based on VanEck’s S-1 appeal dated December 30.

What is Bitcoin ETF?

An investment company with assets worth $ 49 billion submitted applications twice, but received a rejection from the SEC and itself withdrew them.

Earlier, the fintech startup SolidX accused VanEck of plagiarizing a proposal to launch a Bitcoin ETF. The companies worked together to create an exchange-traded fund and filed a joint appeal in 2018.

Recall that in February, the Ontario Securities Commission approved an application to launch a Bitcoin ETF managed by Purpose Investments. Later, the regulator issued a similar permit to the management company Evolve Funds Group.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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