The CBOE has provided a proposal to the Securities Exchange and Commission (SEC) to list and trade SolidX Bitcoin shares as a Bitcoin exchange-traded fund (ETF). The shares would be backed by VanEck asset management.
While all other proposed Bitcoin Exchange-traded Funds (ETFs) would trade bitcoin futures regulated by the Commodity Futures Trading Commission (CFTC), this unconventional ETF would be physically backed and hold bitcoin directly.
The SEC has reached out for comments from the public on the matter. Use this form to send them your comments.
Previous ETF applications from REX (Connecticut) and VanEck (New York) have been rejected by the SEC “due to the crypto market being entirely unregulated.”