Chicago Board options exchange (Cboe) has withdrawn a request for a rules change that would allow her to run tied to a bitcoin exchange traded Fund (ETF), previously proposed by the firms VanEck and SolidX.

A statement published on the website of the Commission on securities and exchange Commission (SEC).

As the SEC said, the offer was withdrawn on the eve of 22 January, but information about it was published only a day later.

The reasons that the Cboe has decided to withdraw the application, the Commission does not mention, however, the lawyer Jake Chervinsky, the exchange is likely to expect failure and didn’t want another negative decision of the SEC was a bad precedent for the future.

The CBOE has withdrawn the VanEck/SolidX bitcoin ETF proposal (

They haven’t given a reason yet, but is withdrawal implies that they expected denial & didn’t want another SEC order setting bad precedent for the future.

There will be no bitcoin ETFs in Q1 2019.

— Jake Chervinsky (@jchervinsky) January 23, 2019

“In the first quarter of 2019, the bitcoin ETF will not be”, — said Czerwinski.

Recall VanEck and SolidX filed a joint application to launch a bitcoin ETF in June 2018. SEC regularly postponed the decision and the end date was to be February 27 this year.

In December the already mentioned Jake Czerwinski stated that the probability of approval of the application VanEck and SolidX does not exceed 10%. His opinion was, however, disagree entrepreneur and cryptocurrency expert CNBC Brian Kelly – in his words, in 2019 is expected by many exchange bitcoin funds approval from U.S. regulators do not get it.

Earlier in January a new application to launch a bitcoin ETF filed a cryptocurrency Fund Bitwise. Simultaneously, that they do not intend to abandon its previous plans to launch this investment vehicle, said the owners of the exchange Gemini brothers Winklevoss.