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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