Last June 26th, SEC received an application for a Bitcoin ETF (exchange-traded fund) filed by one of the world’s largest holding companies, who have offered to team up with Van Eyck Investment and SolidX.
Cboe’s last rejection occurred in March. They were very firm in seeking an approval for a Bitcoin ETF while already being one of the first to begin Bitcoin futures last December.
It certainly has a tremendous potential in custodial services and as a bridge between traditional finance and the improving cryptocurrency industry.
In fact, even JPMorgan supported the idea that a Bitcoin-based ETF would be a “holy grail for owners and investors.”
As good news, Cboe finally gets its long-time wish. Bitcoin ETF will be accessible to client investment in the first part of 2019.