CBOE applies to SEC to list Fidelity's Bitcoin ETF

The Chicago Options Exchange (CBOE), known for its request to list the #VanEck #Bitcoin #ETF, which the #SEC is currently controlling, has also applied to list the Wise Origin Bitcoin Trust, which is linked to investment giant Fidelity, and has officially initiated the SEC evaluation process. .

With the application submitted by the CBOE to the US Securities and Exchange Commission (SEC) with a file named 19b-4, the Cboe Exchange has also shown its support for the Wise Origin Bitcoin ETF, where the SEC can begin its review process.

↘️The ball is now in the SEC
In fact, Wise Origin filed its Bitcoin ETF application in March, but companies also need to process the 19b-4 file before the SEC can begin to assess whether it will make the decision of approval or rejection. For this, it is absolutely necessary to establish a partnership with stock exchanges such as Cboe or NYSE Arca. Therefore, with the 19b-4 application made yesterday, the top is now in the SEC.

CBOE is also known for the support of VanEck's Bitcoin exchange traded fund, which is also in a state of waiting for SEC approval . Cryptoin and WisdomTree also acted alongside the CBOE for Bitcoin ETFs. Valkyrie partnered with NYSE Arca options exchange for ETF.

Corporate companies that want to invest in Bitcoin, the fastest growing asset of recent years, do not want to buy Bitcoin directly in order to avoid various problems, but want to invest in Bitcoin through ETFs. The increase in this demand also causes an increase in the number of Bitcoin ETF applications.

According to experts; We are at the time closest to the SEC, which has consistently rejected Bitcoin investment fund applications since 2017. Increasing institutional investments and the success of ETF processes in Canada, as well as attracting great attention, increase the likelihood of ETF approvals in the USA.