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Newsflash: CBOE Withdraws Bitcoin ETF Application

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CBOE has withdrawn its utility to checklist the VanEck SolidX bitcoin ETF. | Source: Shutterstock

By CCN.com: The cryptocurrency investor group’s easiest hope for a bitcoin ETF has been dashed, or on the very least behind schedule, as CBOE has withdrawn its utility to checklist the VanEck SolidX Bitcoin Trust on CBOE BZX Exchange.

According to a report revealed by way of the Securities and Exchange Commission (SEC) on Wednesday, CBOE withdrew its utility to checklist the physically-backed bitcoin ETF on Jan. 22.

The letter, which used to be attributed to SEC Deputy Secretary Eduardo A. Aleman, didn’t give an explanation for why CBOE — which used to be additionally the primary US change operator to checklist bitcoin futures — pulled the appliance.

However, as CCN reported, the extended govt shutdown made it an increasing number of not likely that the appliance could be authorized earlier than the February closing date. Consequently, the change operator could have determined to withdraw the appliance and re-file moderately than have it denied by way of the SEC’s skeleton team.

The bitcoin price took a slight dip following the appliance’s withdrawal however has general taken the scoop in stride. As of the time of writing, the flagship cryptocurrency used to be buying and selling at $3,547 on Coinbase.

Read the total letter underneath:

Cboe Bitcoin ETF Withdrawal… by way of on Scribd

Developing…Stay tuned for proceeding protection.

Featured Image from Shutterstock

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