The Commission on securities and exchange Commission (SEC) has asked stock exchange Cboe for comments concerning the application for listing on the exchange SolidX Bitcoin Shares.

Recall that the proposal for the creation of this OTC bitcoin investment Fund (ETF) in the beginning of the month came from the company VanEck and SolidX. The company announced the creation of the ETF, which would be “physically supported BTC and insured against loss of access to digital currency.”

Quotation of the new Fund was to be held on CBOE BZX, for which the exchange is sent to the SEC request. The request stated that the SolidX Bitcoin Shares Trust will invest only in bitcoin, and shares of the Fund will be linked with the price of BTC. The document stresses that the actively managed ETF is not provided and operators will be engaged in buying and selling of cryptocurrency “as needed”.

On Tuesday the securities regulator has published a document, which asked the stock exchange to comment on this proposed rules change “interested person”.

Note that previous attempts to create a OTC bitcoin investment Fund was rejected by the SEC because of concerns caused by the instability of cryptocurrency rates and the uncertain timing of the launch of such funds.

It is noteworthy that the President of the Cboe in late March, the SEC sent a letter in which used data exchange, collected since the launch of bitcoin futures, as an argument in favor of market movement to support ETF.

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