{"id":20584,"date":"2019-02-01T16:18:18","date_gmt":"2019-02-01T16:18:18","guid":{"rendered":"http:\/\/ci027cfe63c0092697"},"modified":"2019-02-01T16:18:18","modified_gmt":"2019-02-01T16:18:18","slug":"cboe-files-again-yet-another-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/cboe-files-again-yet-another-bitcoin-etf","title":{"rendered":"Cboe Files (Again) for (Yet Another) Bitcoin ETF"},"content":{"rendered":"
<\/div>
<\/figure>\n

That didn\u2019t take long.<\/p>\n

Barely a week after the Chicago Board of Exchange (Cboe) withdrew its application<\/a> with the U.S. Securities and Exchange Commission (SEC) to list the world\u2019s first bitcoin exchange traded fund (ETF), the exchange and its partners, VanEck and SolidX, are back at it.<\/p>\n

Gabor Gurbacs<\/a>, the director of digital asset strategy at VanEck Asset Management, broke the news on Twitter that the Cboe, on behalf of the joint initiative, had refiled<\/a> for a rule change with the SEC to list the ETF. The filing has all the bureaucratic trappings of those that came before, but it will reset the clock on the SEC\u2019s decision-making time frame for the institutional-grade product.<\/p>\n

Since its introduction to the industry in 2013, the bitcoin ETF<\/a> has been praised as the key to unlocking Wall Street\u2019s formal access to bitcoin\u2019s market, and, by proxy, the key to flushing fresh capital into the market to send it to new heights. A role call of rejections<\/a>, delays<\/a> or reviews has punctuated each effort, though, and a handful of outstanding applications (which are pending review<\/a> by the commission) were, until now, the remaining contenders in Bitcoin\u2019s multi-year wrestling match with the SEC.<\/p>\n

This refiling has Cboe, VanEck and SolidX reentering the ring after the joint venture retracted a long-standing filing last week amidst the U.S. government\u2019s multi-month shutdown. Jan van Eck, VanEck\u2019s CEO, feared the obstruction might jeopardized the filings chance at approval, as regular talks with SEC personnel ceased when the shutdown took effect. Rather than take the risk that the ETF might get tossed aside, the venture opted to withdraw its proposal.<\/p>\n

With the government now reopened<\/a>, the trio is trying again (for VanEck and SolidX, this will be the fourth filing between the participants). Once the SEC lists the proposed rule change on the Federal Registry, the SEC will have 240 days to make a decision (for those of use keeping track, no later than October).<\/p>\n

\u201cWe are actively working with regulators and major market participants to build appropriate market structure frameworks for a Bitcoin ETF and digital assets in general. I am grateful for the overwhelming support around the world,\u201d Gabor Gurbacs told Bitcoin Magazine<\/em> in a statement.<\/p>\n

This article was updated to include a quote from Gabor Gurbacs.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The Cboe has refiled an application for the VanEck\/SolidX bitcoin ETF, barely a week after the exchange withdrew it’s latest application.<\/p>\n","protected":false},"author":3468,"featured_media":20585,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[586,944,3389,183,3284,547],"class_list":{"0":"post-20584","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-cboe","9":"tag-etf","10":"tag-gabor-gurbacs","11":"tag-sec","12":"tag-solidx","13":"tag-vaneck"},"author_data":{"id":3468,"name":"Aaron Van Wirdum And Colin Harper","nicename":"aaron-van-wirdum-and-colin-harper","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/88b6c65a7515990786b1c04473e15469e5b0d0fffef947ed629a60854e1cb426?s=96&d=robohash&r=g"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/cboe-files-again-for-yet-another-bitcoin-etf.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/3468"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=20584"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/20584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/20585"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=20584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=20584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=20584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}