The Chicago Board Options Exchange’s (CBOE), along with venture firm VanEck and financial services company SolidX, has re-connected with the United States Securities and Exchange Commission (SEC) for a standard change to list a Bitcoin (BTC) exchange-traded fund (ETF). VanEck digital asset strategy director Gabor Gurbacs announced the public filing on Jan. 31.
ETFs are securities that track a container of assets proportionately spoke to in the fund’s shares. They are seen by some as a potential step forward for the mass adoption of cryptocurrencies as a regulated and passive investment instrument.
— ETF.com (@ETFcom) January 31, 2019
CBOE had initially pulled back its demand for a standard change to list a Bitcoin ETF on Jan. 23. A CBOE representative the revealed that the choice to pull back its demand was the result of the U.S. government shutdown as the end of the review period on Feb. 27 approached. Some lawful specialists noted at the time that the SEC was working on a restricted premise due the shutdown, which was the consequence of a political impasse over a proposed wall on the U.S.– Mexico outskirt.
#SEC Moves to Make Decision on #VanEck–#SolidX #Bitcoin_ETF Proposal: The U.S. Securities and Exchange Commission (#SEC) is now weighing whether to approve the nation's first bitcoin-based exchange-traded fund. https://t.co/QbSSotGtkX pic.twitter.com/SihpnGHf6l
— FilthyFiat (@filthyfiat) September 20, 2018
The application procedure has experienced several delays, as the SEC pushed back its choice on a different occasion. The company initially filed with the SEC to list a Bitcoin-based ETF on June 6, 2018. Subsequently, in August, the commission delayed its choice on posting the ETF until Sept. 30. The commission at that point asked for further remarks regarding the decision, claiming that the agency has not “reached any conclusions with respect to any of the issues” on the rule change.
In December, the ETF decision was delayed once more, and as the proposed standard change was first published in the Federal Register on July 2, 2018, the maximum period of consideration fell 240 days later, on Feb. 27, 2019.
Fund Providers Insist There’s Enough Market Liquidity for a Bitcoin ETF https://t.co/2wjrkSG2CV
— Tanzeel Akhtar (@Tanzeel_Akhtar) January 10, 2019
— Tanzeel Akhtar (@Tanzeel_Akhtar) January 4, 2019
#SEC Says It Will 'Review' #Bitcoin_ETF Rejections: The U.S. Securities and Exchange Commission has said it will review the disapproval orders for nine bitcoin ETFs issued on Wednesday. https://t.co/17w8O59SLE https://t.co/a31YkMQjgl pic.twitter.com/LNHOQY7ecL
— Crypto News ? (@buytradebitcoin) August 23, 2018
1.#Shenzhen has issued the first invoice of electricity tariff #blockchain in #China
2.#CBOE again applied to SEC for train #VanEck bitcoin #ETF
3.BlockChain Intellectual Property Platform Launches Temporary #Patent Application Registration Function pic.twitter.com/DzbXh4ba8p
— ExChain_EXT (@EXT_Foundation) February 1, 2019
Rumor is that ETF is on track to sign a big free agent! #ETF
— Exposed Turnbuckle Federation (@ExposedTurnbuc1) January 30, 2019
Please get over the #ETF narrative.
As a matter of fact the news is from YESTERDAY already. Yes, Jan 22
If it would be that relevant and effect the price it would have done so by now. The rest is just #FUD.
Move on. https://t.co/Iy0pPNvTVK#btc
— CrypTobi (@TobiCont1nued) January 23, 2019
— harness raver (@cryptoraverz) January 23, 2019
— ETF Market Alerts (@ETFMarketAlerts) January 31, 2019
— Shark Investor (@bySharkInvestor) January 31, 2019
Trump backs down to end painful shutdown temporarily.
— VeeSar (@VeeSarTech) January 31, 2019
In light of the recent #ETF filed., Here is a great breakdown of ‘What to Expect when you are Expecting….an ETF decision. But if you are feeling left out of the process, comments on $Eth are due 2/13, Did you know as of last month there were only 4 comments? https://t.co/dYjuv5LFdq
— Athena.Trade (@Athena_Trade) February 1, 2019