The CBOE Global Markets sent an application to the US Securities and Exchange Commission (SEC) for the opening of another bitcoin ETF, which intends to trade in SolidX shares. This is reported by BitcoinExchangeGuide.
The SEC requested comments on the application on June 26. It is assumed that the price of one share of SolidX will be 25 BTC. Nevertheless, even if the CBOE receives a positive response, the bitcoin-ETF will not be launched before the first quarter of 2019.
As reported, in the past, the SEC has repeatedly rejected applications for the launch of Bitcoin ETF, but this time the application was filed after several recent statements by the Commission that it does not plan to classify Bitcoin and Ethereum as securities.
In this regard, and in the light of more liberal legislation on crypto-currencies in countries like Malta, the Commission may reflect on making the US market more competitive.
In July 2016, SolidX Partners Inc filed its own application for the launch of ETF based on bitcoin. It was assumed that the fund will be traded on the New York Stock Exchange (NYSE), but in March 2017, the SEC finally rejected it.