CBOE withdraws Bitcoin-ETF application

The Chicago Board Options Exchange (CBOE) withdrew the bid filed last summer with the US Securities and Exchange Commission (SEC) for changing the rules that would allow it to start Bitcoin-ETF through investment company VanEck and blockchain-SolidX. The decision on this issue was postponed by the financial regulator several times and should have been finally formed until February 27.

The document published by the SEC does not mention the reason why the CBOE abandoned its plans, but some experts believe that the financial regulator could not consider the issue due to the suspension of the US government’s work, and therefore could automatically take a negative decision on the application.

In a comment from CoinDesk, VanEck’s head of strategic work with digital assets Gabor Gurbacs said that the request was withdrawn temporarily, and the company “continues to work with regulators and key market participants to create infrastructure suitable for Bitcoin-ETF and digital assets in general” .

Earlier, the CBOE head Chris Concannon said that although it is necessary to do a lot of work to get the SEC approved for the Bitcoin-ETF, he believes that the CBOE will get it first. And two weeks ago, the SEC published a request to open Bitcoin-ETF on the NYSE Arca Stock Exchange with reference to the Bitwise Bitcoin Total Return index, which tracks the movements of Bitcoin and its forks on the largest exchanges.

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