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The Chicago Board Options Exchange has resubmitted a proposed VanEck / SolidX Bitcoin ETF to the US Securities and Exchange Commission. On 23 January, the Cboe withdrew its proposal to avoid a possible rejection caused by the closure of the government.
The new submission was announced by Gabor Gurbacs, Director of Digital Asset Strategy for VanEck.
The rule change proposed by the VanEck SolidX Bitcoin ETF was submitted by CBOE. Hard work of all teams involved. Public document: https://t.co/X25lOPjiFS pic.twitter.com/C9FP4adDE8
– Gabor Gurbacs (@gaborgurbacs) January 31, 2019
The SEC was expected to make its final decision on the Bitcoin Physical Guarantee ETF on Feb. 27, following several delays in its decision. With the new submission, the Commission has a maximum of 240 days to make its decision.
The restart is another sign that institutional players feel the timing is right for a Bitcoin ETF. It also follows news from investment giant TD Ameritrade, which has begun to see an increase in demand from its customers for exposure to Bitcoins when digital badets began to trade below. USD 4,000. Bitcoin is currently trading at $ 3,442 according to data compiled by CoinGecko.
You can consult the complete document submitted to the SEC below.
SR-CboeBZX-2019-004 from on Scribd
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