A Bitcoin ETF will not give it to first. The Chicago Board of options exchange Cboe has withdrawn its application for the Bitcoin ETF. The application was referred to the SolidX Exchange Traded Funds from VanEck.
By Phillip Horch
24. January 2019BTC$3.550,47 -0.56%part Facebook Twitter LinkedIn xing mail
Bitcoin ETF are considered to be the salvation of BTC-Trader and Hodler promise. The financial products, so the common opinion, are intended to bring fresh capital into the Ecosystem. The investment vehicles are intended to attract especially the infamous institutional investors. This will be for now.
the SEC shall notify the withdrawal of the Bitcoin ETF application with
can see how to a communication from the US stock exchange Supervisory authority, has withdrawn the Chicago options exchange Cboe your application for the time being. The Securities and Exchange Commission announces that the Cboe had your request for a Change in the rules and regulations of the authority, to undo. Such a rule amendment is necessary to allow a registration of the Bitcoin ETF. These, in turn, was the SolidX BTC ETF from VanEck.
Jan VanEck, the CEO of VanEck, told the news platform CNBC that you don’t even need to engage in discussions with the SEC, but this was in the Wake of the shutdown of the government under US President Donald Trump. Accordingly, VanEck acknowledged:
“Rather than try to [under the Radar of the SEC] slip, or the like, we have withdrawn our motion.”
the request is not from the table
Ultimately, you do not need to give up hope on a Bitcoin ETF, however. Because here it is not obvious to a refusal on the part of the SEC, or a Non-approval, rather than to the political circumstances, is owed to the decision of the applicant. As soon as the government is not working, or the majority of the Executive organs (especially the Competent stock exchange Supervisory authority) going about their Job, will VanEck submit your application for a Bitcoin ETF. So, the company will contact the authority as soon as it was possible.
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