The cryptocurrency community has reasons to hope again after the Chicago Board Options Exchanges [CBOE] re-filed its application for a cryptocurrency exchange-traded fund with the US Securities and Exchange Commission [SEC]. The new application follows a week after CBOE had withdrawn its previous application for an ETF with the SEC.
The previous application, that would have received a final decision by late February or early March, was withdrawn by the CBOE last time citing the effect of the government shutdown on the working of the SEC. With respect to why they had chosen to withdraw the Bitcoin ETF application last time, Jan Van Eck said:
“So technically, as you know, the SEC is affected by the shut down. So we were engaged in discussion 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, you know, we just had the application pulled and we will refile and re-engage in the…
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