Earlier this year, CBOE resubmitted its Bitcoin ETF in a joint proposal with VanEck/SolidX for the U.S. Securities and Exchange Commission (SEC) approval. If approved, the filing will allow the CBOE BZX Exchange to list and trade shares of a Bitcoin Exchange-Traded Fund. CBOE had withdrawn its application for a rule change on the ETF in January, supposedly due in part to the 35-day U.S. government shutdown.
On the 19th of February, the SEC sought further comments regarding its decision on the listing and trading of a VanEck-SolidX Bitcoin (BTC) ETF, according to an official notice. The comments were intended to help the financial watchdog better understand if the proposed rule change would attract investor interest while providing the necessary security.
The commission received only seven comments from the public. Of those seven comments, six requested the commission not to approve the application. One of the negative comments reads:
“It is in my opinion that Bitcoin to date has no solid ground on which to base a serious…