The world’s first publicly traded holding company, the Chicago Board Options Exchange, or CBOE, has applied to list a Bitcoin exchange-traded fund proposed by asset manager Van Eck.

CBOE served at 3. January filed a Form 19b-4 with the U.S. Securities and Exchange Commission for listing approval of the ETF. In the form, the CBOE highlights the advantages the ETF could offer retail investors over the bitcoin spot markets, including conservation :

Exposure to Bitcoin through ETPs also offers retail investors certain advantages over purchasing Bitcoin directly on a cash basis. The most obvious benefit is the use of a custodian to hold the assets of the trust.

Although the CBOE does not disclose who its custodian is, the document states that the CBOE is a trust company licensed and regulated by the [New York Department of Financial Services].

Once the SEC has formally confirmed that it is investigating an application, the regulator has 45 days to issue a ruling or extend the investigation period. The Securities and Exchange Commission may extend the discussion period for up to 240 days before making a final decision.

If approved, the ETF will be the first encrypted product offered by the CBOE since February 2019, after the CBOE stopped offering bitcoin futures. In December 2017, the CBOE became the first regulated financial institution in the United States to offer bitcoin futures contracts, beating the Chicago Mercantile Exchange by just a few weeks.

In January, Van Eck applied for approval from the Securities and Exchange Commission (SEC) for the Bitcoin ETF. While Van Eck filed for a bitcoin ETF in 2017, the company has also partnered with SolidX – a company that has been trying to launch a bitcoin ETF since 2015 – to file a joint ETF application in 2018. The joint bid was withdrawn in September 2019, and the two companies parted ways shortly thereafter.

However, Van Eck was taken to court by SolidX, who claimed that Van Eck had plagiarised their product.

Van Eck filed a report on the 21st. Janvier also introduced an ETF that tracks crypto companies in circulation. The product will focus on the price and performance of the Global Digital Asset Equity Index, which is managed by subsidiary MV Index Solutions.

At the time of writing, the SEC has not yet approved a crypto ETF product.

Related Tags:

Privacy settings,How Search works,how much are bitcoins worth,bitcoin stock price,cryptocurrency prices,1 bitcoin to usd