Breaking news! In a tweet, the CBOE announced that it has resubmitted its application to list a bitcoin ETF on one of its trading platforms!
A few days after the CBOE withdrew its previous bid, the US stock exchange operator announced that they have resubmitted the application to list a bitcoin ETF on one of its trading platforms.
Gabor Gurbacs, Head of Digital Assets at VanEck, tweeted:
— Gabor Gurbacs (@gaborgurbacs) January 31, 2019
On Wednesday, January 23rd, the CBOE withdrew its previous application. According to the CBOE, the prolonged US government shutdown made it almost certain that the SEC would deny the ETF before the application’s late February decision deadline. Furthermore, the CBOE wanted to change some rules in regards to the ETF.
The previous ETF proposal was originally filed in June 2018 and was in the last approve/deny stage with the SEC. The SEC had to make a decision by February 27th to either approve or deny the ETF.
The new filing does not come as a surprise. VanEck CEO, Jan van Eck, already told CNBC that a new proposal would most likely be submitted at a later date. Jan van Eck said:
“We were engaged in discussions with the SEC about the bitcoin-related issues, custody, market manipulation, prices, and that had to stop. And so, instead of trying to slip through or something, we just had the application pulled and we will re-file when the SEC gets going again.”
Many people within the crypto space believe that a Bitcoin ETF will cause a new bull market and that the market highs that were experienced in January 2018 can be retested.