The US Securities and Exchange Commission (SEC) has again delayed its decision on the VanEck and SolidX bitcoin exchange-traded fund (ETF) proposal.
The bitcoin ETF proposal was filed by Chicago Board Options Exchange (CBOE) in June 2018. In September 2018, the SEC postponed its decision claiming that there was not adequate statements support to the proposal.
The withdrawn application to create the first USA exchange-traded fund in bitcoin has been resubmitted.
Cboe”s joint proposal with VanEck and SolidX is again before the US Securities and Exchange Commission. If approved, the Cboe BZX Exchange would be able to list shares of a bitcoin ETF trust on a US exchange,
A rule change that would have created an exchange-traded fund (ETF) for bitcoin backed by VanEck and SolidX has been withdrawn by Cboe.
A notice published Wednesday from the US Securities and Exchange Commission said that the Cboe BZX Exchange had pulled the proposed rule change.
The US Securities and Exchange Commission (SEC) has again decided to delay its decision on a bitcoin exchange-traded fund (ETF) proposed by VanEck and SolidX.
In June of this year, both VanEck and SolidX filed with the SEC to list a physically-backed bitcoin ETF on the CBOE BZX Equities Exchange that will be insured against loss or theft of bitcoin.
Blockchain firm SolidX has partnered with money management firm VanEck to launch a physically-backed bitcoin exchange traded fund (ETF).
SolidX is software development and financial services company focused on bringing blockchain technology to enterprise customers. The company has been involved with the bitcoin ecosystem since 2011 and with the financial markets since the early 2000s.
