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Cboe Resubmitted Proposal for the Most Promising Bitcoin ETF Application

Abstract : Cboe filed on January 22 to withdraw the relevant proposal, and said the move is due to the federal government shutdown.

ChainDD
ChainDD

Feb 01

February 1 (ChainDD) Cboe, the largest option exchange in U.S., filed on January 30 to resubmit a proposal of rule change for an applied a Bitcoin ETF-- VanEck SolidX Bitcoin Trust’s list on it, according to document released on January 31.

ChainDD noted that the abovementioned Bitcoin ETF applied by two issuers SolidX and Van Eck was regarded as the most promising Bitcoin ETF that can obtain the approval. The deadline for SEC’s decision on approval is February 27. However, Cboe filed on January 22 to withdraw the relevant proposal, and said the move is due to the U.S. Securities and Exchange Commission (SEC) essentially discontinued its work during the federal government shutdown. And it also planned to resubmit its proposal about the ETF.

On January 25, the federal government was reopened for three weeks, when the White House and the congress reached an agreement to end a record shutdown, which brought hope for approval of the Bitcoin ETF application.

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