The Chicago Board Options Exchange (CBOE) has filed an application to list a Bitcoin-based exchange-traded fund from VanEck.
The U.S. Securities and Exchange Commission (SEC) is expected to confirm the start of the review of the application and to respond within 45 days. The regulator may extend the timeline up to 240 days, after which a final decision will be issued.
In a comment to The Block, CBOE representatives clarified that the application is based on VanEck Form S-1 dated December 30.
The investment firm, which manages about $49 billion in assets, had filed twice but was rejected by the SEC and withdrew the filings.
Earlier fintech startup SolidX accused VanEck of plagiarising the proposal to launch a Bitcoin ETF. The two companies had worked together on creating the exchange-traded fund and filed the joint application in 2018.
In February, the Ontario Securities Commission approved the application for launching a Bitcoin ETF managed by Purpose Investments. Later the regulator issued a similar permission to the Evolve Funds Group.
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