Cboe, the global equities and derivatives exchange, filed a request with the Securities and Exchange Commission (SEC) to list the shares of VanEck’s Bitcoin ETF. The filing news reignites VanEck’s journey to launch an ETF tied to Bitcoin. Although it is not clear yet that US regulators will approve the Bitcoin ETF or not, Cboe is constantly hoping for a positive response. Cboe Case Filing to List VanEck’s Bitcoin ETF A spokeswoman for Cboe sent an email to The Block stating “Our filing builds on VanEck’s earlier S-1 filing from December 30 and represents the next steps in bringing what could be the first U.S. bitcoin ETF to market.” Also, Cboe is hopeful as it “believes that approval of a bitcoin ETF could provide investors access to bitcoin exposure through a transparent, regulated vehicle.” The Cboe case for the product is: “Exposure to bitcoin through an ETP also presents certain advantages for retail investors compared to buying spot bitcoin directly. The most notable advantage is the use of the Custodian to custody the Trust’s bitcoin assets. The Sponsor has carefully selected the Custodian, a trusted company chartered and regulated by NYDFS, due to its manner of holding the Trust’s bitcoin.” SEC Could Approve Bitcoin ETF Regulators in Canada have approved two Bitcoin exchange-traded funds (ETFs) within a few days, marking the first approvals of their kind for North America. Now since Canada has its BTC ETFs, approval from the U.S. Securities and Exchange Commission (SEC) is easy to expect the results affirmatively. “I think it’s just a matter of the SEC coming around, and then once they come around mentally, I imagine it will happen pretty quickly,” he said. “But again, I’m not in that bubble. I’m not a regulatory analyst. That’s just my sense from talking to people.” said Eric Balchunas, senior ETF analyst at Bloomberg.
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