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CBOE again submitted an application to start Bitcoin-ETF

On Thursday, January 31, a representative of the investment management company VanEck announced that the Chicago Stock Exchange (CBOE) had resubmitted to the US Securities and Exchange Commission (SEC) an application for launching a stock exchange traded on the stock exchange linked to the bitcoin rate. The application was submitted on Wednesday, January 30th.

According to the procedure, after adding to the Federal Register, the application will be considered by the regulator in a 240-day period.

Recall that earlier the CBOE announced the withdrawal of its previous application, on which the final deadline for a decision was coming, and the verdict should have been made on February 27. However, due to the suspension of the work of the US government (the so-called shatdown – a temporary situation in the United States, which occurs when Congress fails to agree on funding for the activities of government bodies) and the suspension of the SEC, it was decided to temporarily withdraw the proposal. Since experts doubted that in the current circumstances, the regulator would give the green light to a new cryptotool, which opens the way for institutional investors to enter the crypto market.

Thus, the exchange, in fact, simply "reset" the counter, after having taught an additional 240 days for the regulator to consider its application.


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