CBOE Withdraws Application to Launch Bitcoin ETF VanEck / SolidX

Когда ЖДАТЬ Bitcoin ETF? (CBOE отозвали заявку VanEck и SolidX) / Что будет с Bakkt?

The Chicago Options Exchange has withdrawn an application to launch a Bitcoin ETF proposed by VanEck and SolidX, according to a notice from the US Securities and Exchange Commission (SEC).

In the published document the CBOE is said to have contacted the regulator on September 13, but the reasons for the cancellation are not specified. However, the decision came a couple of weeks after VanEck and SolidX began offering a private limited version of the crypto exchange-traded investment fund to qualified institutional buyers only..

Earlier, the SEC postponed the date of making the final decision on this application to October 18, so the companies still had enough time to think.. Although this is not the first time that VanEck and SolidX withdrew an application to launch a Bitcoin ETF shortly before the date of the verdict. A similar step was taken on January 23, but then it was due to the government crisis..

CBOE Withdraws Application to Launch Bitcoin ETF VanEck / SolidX

Despite the second self-canceled case, Gabor Gurbach, director of strategic development for digital assets of VanEck, said that the company continues to focus on the bitcoin market, and the launch of a liquid and reliable ETF remains its top priority..

The reason for the withdrawal may also be related to the lack of sufficient interest from institutional investors in ETFs based on cryptocurrencies. Since the new closed product VanEck has raised only $ 41.4 thousand so far.

text: Ivan Malichenko, photo: cimg

CBOE Withdraws Application to Launch Bitcoin ETF VanEck / SolidX

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