President of the Chicago Board Options Exchange (CBOE) Chris Concannon in an interview with Bloomberg expressed confidence that soon the financial market will have Bitcoin-based exchange-traded funds (ETF).
In general, as the CBOE head admitted, he believes in the development of the crypto-currency market and considers bitcoin a new class of asset.
With regulated futures of a certain asset class like a bitcoin, you do have an opportunity to introduce ETFs and over time we do envision ETFs coming to market.
This summer, CBOE has entered into a partnership with the Gemini Winklewos Brothers Exchange; by the end of this year the exchange plans to launch a trade in crypto-currency derivatives. Like the CME Group, the Chicago Board Options Exchange is currently awaiting appropriate approval from the financial regulator.