Chicago Board options exchange (CBOE) has withdrawn a proposal submitted last summer to the Commission on securities and exchange Commission (SEC) rule changes that would allow it to launch a bitcoin ETF through an investment company VanEck and blockchain company SolidX. The decision on this question was postponed by the financial regulator several times and was supposed to be finalized until February 27.
Published in the SEC document does not mention the reason for the refusal CBOE its plans, but a number of experts believes that the financial regulator had no opportunity to consider the issue due to the suspension of the work of the U.S. government, and therefore would automatically receive a negative decision on the application.
In comments to CoinDesk, the head VanEck on strategic digital assets Gurbax gábor (Gabor Gurbacs) said that the application was withdrawn temporarily, and the company “continues to work with regulators and key market participants on the creation of infrastructure for the bitcoin ETF and digital assets in General.”
We will remind, earlier the head of CBOE Chris Concannon (Chris Concannon) said that, although the approval of the SEC launch a bitcoin ETF needs to be done, he believes that the CBOE will take it first. Two weeks ago, the SEC published a request for opening a bitcoin ETF on the NYSE Arca with reference to the Bitwise Bitcoin index Total Return, which tracks the price movements of bitcoin and its forks on the major exchanges.
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