CBOE to File New Bitcoin ETF License Application

The proposal only will trade with SolidX Bitcoin Shares, and each share will be worth 25 Bitcoin
09 July 2018   1581

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.

SEC Chairman to Speak About BTC Listing

It looks like Bitcoin listing on the tradional exchanges won't happen in the nearest future
20 September 2019   171

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC.

If [investors] think there’s the same rigor around that price discovery as there is on the Nasdaq or New York Stock Exchange ... they are sorely mistaken. We have to get to a place where we can be confident that trading is better regulated.

Jay Clayton

Chairman, SEC

He was talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.