CBOE Applies With US SEC to List Bitcoin ETF

CBOE is looking to re-enter the crypto sector, filing to list a Bitcoin ETF proposed by asset manager VanEck.

March 2, 2021 | AtoZ Markets – The Chicago Board Options Exchange (CBOE) has applied for the listing of an exchange-traded fund (ETF) based on Bitcoin investment company VanEck.

CBOE filed a Form 19b-4 requesting permission to list the ETF from the US Securities and Exchange Commission (SEC) on January 3. The SEC must confirm the start of consideration of the application and give a response within 45 days. The regulator can postpone the deadline within 240 days, after which it can make a final decision.

In a comment to The Block, CBOE clarified that the application is based on VanEck ‘s S-1 appeal dated December 30.

An investment company with assets worth $49 billion submitted applications twice, but was refused by the SEC and itself withdrew them.

Earlier, the fintech startup SolidX accused VanEck of plagiarizing a proposal to launch a Bitcoin ETF. The companies worked together to create an exchange-traded fund and filed a joint appeal in 2018.

Recall that in February, the Ontario Securities Commission (OSC) approved an application to launch a Bitcoin ETF managed by Purpose Investments. Later, the regulator issued a similar permit to the management company Evolve Funds Group.

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