In the U.S., another application has been made for a Bitcoin ETF by CBOE Global Markets following previous applications by other companies that were rejected because the market is ‘unregulated.’ Now that the SEC has clarified that Bitcoin and Ethereum are not to be regulated as securities, this application is more likely to succeed and bring institutional money to the crypto markets.
In the U.S., CBOE Global Markets, who already run Bitcoin futures trading, is the latest company to apply for an ETF licence. On June 26, a notice of filing was issued by the SEC asking for comments on the application. The ETF will only trade SolidX Bitcoin Shares and one share will equal 25 Bitcoin. If the application goes through, it will start trading in Q1 2019.