Chicago-based option exchange – CBOE Global Markets – filled an application for another bitcoin ETF with US Securities and Exchange Commission. The new fund is said to trade SolidX shares.
According to the news reports, the regulator sent a request for the comments on June 26. One SolidX share will be probably cost 25 BTC. In case of the positive determination, the bitcoin ETF may be launched in Q1 2019 or even later.
This was not the first application for bitcoin ETF submitted to the SEC. However, the commission rejected all of them. Meanwhile, this time the application was received after the recent statements of the SEC that it will not classify bitcoin and Ethereum as securities.
An additional influence on the decision can come from the more flexible position regarding crypto segment in some countries, in particular, Malta, since the regulator may consider ways to boost the competitiveness of the US market.
Back in July 2016, SolidX Partners Inc lodged an application for bitcoin ETF to trade on NYSE. However, the company faced denial in March 2017. New join application of SolidX Partners Incand VanEck Associates Corp. was filled in early June. The new bitcoin ETF might be called VanEck SolidX Bitcoin Trust and would be based on new Van Eck-based Index (the rate may be based on US OTC platform prices).