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CBOE submits VanEck/SolidX Bitcoin ETF with the U.S. securities and exchange Commission – Coin Hero

CBOE submits VanEck/SolidX Bitcoin ETF in the US stock exchange Supervisory

Home News CBOE ranges VanEck/SolidX Bitcoin ETF in the US stock exchange Supervisory authority, a

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Marcus Misiak –
01.02.2019

The Chicago Board Options Exchange (CBOE) has filed the VanEck/SolidX Bitcoin ETF proposal at the U.S. Securities and Exchange Commission (SEC). The re-application for approval of the in the crypto industry, the most hotly awaited Bitcoin ETFs was only a few days after the company’s previous request on the 23. January has withdrawn.

The CBOE moved its Anrag, as we reported on may 23. Back in January, to a possible rejection due to the shutdown of the U.S. to avoid government. The standstill of the US government relates to the American stock market regulator, the SEC, making it very likely that the SEC would miss the deadline for a Decision, and the Bitcoin ETF would have been rejected.

The new filing was announced by VanEcks Director of Digital Asset Strategy Gabor Gurbacs.

The Bitcoin ETF of the CBOE in cooperation with VanEck/SolidX would allow wealthy investors and institutions to invest over a comfortable – and familiar – an investment vehicle in Bitcoin. VanEck had said before, cautiously optimistic that this Bitcoin-ETF-a proposal will be the first to receive the approval of the SEC, which, among other things, hesitated, to retail investors in currencies, better access to Crypto by the SEC to allow for regulated products.

Originally, it was expected that the SEC made its final decision on the physically supported Bitcoin ETF on the 27. February would meet, after a decision to a series of delays. With the new template, the Commission now has a maximum of 240 days to make their decision.

The reboot could also be a further Signal that institutional actors believe that the time has come for a Bitcoin ETF correctly. The message follows the message from the Investment giant, TD Ameritrade, explained that the company has observed an increasing demand from its customers for Bitcoin-products, as the Bitcoin exchange rate slipped below the $ 4,000 mark. At the time of writing, a Bitcoin is traded currently at 3.488 US Dollar.

The full document that was filed with the SEC, you can see here.

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