The Chicago Board Options Exchange’s (CBOE) BZX Equity Exchange has withdrawn its requested bitcoin exchange-traded fund (ETF) rule change.
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The proposed rule change would of allowed for a bitcoin exchange-traded fund (ETF) backed by VanEck and SolidX.
A spokesperson for CBOE stated the withdraw was a result of the U.S. government shutdown.
The proposal was first submitted back in June 2018 and a final deadline was set for Feb. 27.
CBOE plans to re-submit a filing at a later date, according to the spokesperson.
SEC commissioner Hester Peirce commented that a bitcoin ETF is “definitely possible could be 20 years from now or it could be tomorrow. Don’t hold your breath. The SEC took a long time to [establish] Finhub. It might take even longer to approve an exchange traded product.”